EX-12 4 ccp-20161231ex12.htm EXHIBIT 12 Exhibit


Exhibit 12

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(dollars in thousands)
 
For the Year
Ended
December 31, 2016
 
For the Year
Ended
December 31, 2015
 
 
 
 
 
Income before income taxes, real estate dispositions and noncontrolling interest
 
$
120,623

 
$
143,661

Interest expense
 
 
 
 
Term loans and other debt
 
50,167

 
12,347

Earnings
 
$
170,790

 
$
156,008

 
 
 
 
 
Interest
 
 
 
 
Term loans and other debt expense
 
$
50,167

 
$
12,347

Fixed charges
 
$
50,167

 
$
12,347

 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.4

 
12.6