EX-12.1 3 vtr-ex121_6302017.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
For the Six Months Ended June 30, 2017
 
 
(Dollars in thousands)
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest
 
$
299,836

Interest expense
 
 
Senior notes payable and other debt
 
222,376

Distributions from unconsolidated entities
 
3,134

Earnings
 
$
525,346

Interest
 
 
Senior notes payable and other debt expense
 
$
222,376

Interest capitalized
 
2,095

Fixed charges
 
$
224,471

 
 
 
Ratio of Earnings to Fixed Charges
 
2.34