EX-12.1 2 vtr-ex121_2014331.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES VTR-EX12.1_2014.3.31


Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
 
 
(dollars in thousands)
 
For the Three Months Ended March 31, 2014
Income before income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest
 
$
120,428

Interest expense
 
 
Senior notes payable and other debt
 
87,841

Distributions from unconsolidated entities
 
1,396

Earnings
 
$
209,665

Interest
 
 
Senior notes payable and other debt expense
 
$
87,841

Interest capitalized
 
132

Fixed charges
 
$
87,973

 
 
 
Ratio of Earnings to Fixed Charges
 
2.38