EX-12.1 5 vtr-ex121_2014930.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES VTR-EX12.1_2014.9.30


Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
 
 
(dollars in thousands)
 
For the Nine Months Ended September 30, 2014
Income before income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest
 
$
354,781

Interest expense
 
 
Senior notes payable and other debt
 
277,811

Distributions from unconsolidated entities
 
5,387

Earnings
 
$
637,979

Interest
 
 
Senior notes payable and other debt expense
 
$
277,811

Interest capitalized
 
603

Fixed charges
 
$
278,414

 
 
 
Ratio of Earnings to Fixed Charges
 
2.29