Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - MEDICAL PROPERTIES TRUST INC | g21808e10vk.htm |
| EX-32 - EX-32 - MEDICAL PROPERTIES TRUST INC | g21808exv32.htm |
| EX-23.1 - EX-23.1 - MEDICAL PROPERTIES TRUST INC | g21808exv23w1.htm |
| EX-21.1 - EX-21.1 - MEDICAL PROPERTIES TRUST INC | g21808exv21w1.htm |
| EX-31.1 - EX-31.1 - MEDICAL PROPERTIES TRUST INC | g21808exv31w1.htm |
| EX-23.3 - EX-23.3 - MEDICAL PROPERTIES TRUST INC | g21808exv23w3.htm |
| EX-31.2 - EX-31.2 - MEDICAL PROPERTIES TRUST INC | g21808exv31w2.htm |
| EX-23.2 - EX-23.2 - MEDICAL PROPERTIES TRUST INC | g21808exv23w2.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
The following table sets forth ratio of earnings to fixed charges and ratio of earnings to
combined fixed charges and preferred dividends for the periods indicated below.
| Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||
| December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Income (Loss) From Continuing
Operations Before Income Taxes |
$ | 39,490,729 | $ | 24,846,964 | $ | 26,352,553 | $ | 17,281,065 | $ | 7,373,170 | ||||||||||
Fixed Charges |
37,704,583 | 42,490,151 | 30,898,700 | 10,835,045 | 4,654,135 | |||||||||||||||
Amortization of Capitalized Interest |
204,422 | 204,422 | 187,138 | 73,279 | ¾ | |||||||||||||||
Capitalized Interest |
¾ | ¾ | (1,335,413 | ) | (6,220,427 | ) | (3,107,965 | ) | ||||||||||||
Earnings |
$ | 77,399,734 | $ | 67,541,537 | $ | 56,102,978 | $ | 21,968,962 | $ | 8,919,340 | ||||||||||
Interest Expense |
$ | 37,662,501 | $ | 42,439,917 | $ | 29,530,448 | $ | 4,579,517 | $ | 1,521,169 | ||||||||||
Portion of Rent Related to Interest |
42,082 | 50,234 | 32,839 | 35,101 | 25,000 | |||||||||||||||
Capitalized Interest |
¾ | ¾ | 1,335,413 | 6,220,427 | 3,107,966 | |||||||||||||||
Fixed Charges |
$ | 37,704,583 | $ | 42,490,151 | $ | 30,898,700 | $ | 10,835,045 | $ | 4,654,135 | ||||||||||
Preferred Stock Dividends |
¾ | ¾ | ¾ | ¾ | ¾ | |||||||||||||||
Combined Fixed Charges and
Preferred Stock Dividends |
$ | 37,704,583 | $ | 42,490,151 | $ | 30,898,700 | $ | 10,835,045 | $ | 4,654,135 | ||||||||||
Ratio of Earnings to Fixed Charges |
2.05 | x | 1.59 | x | 1.82 | x | 2.03 | x | 1.92 | x | ||||||||||
Ratio of Earnings to Combined Fixed
Charges and Preferred Stock
Dividends |
2.05 | x | 1.59 | x | 1.82 | x | 2.03 | x | 1.92 | x | ||||||||||
Deficiency |
||||||||||||||||||||
Our ratio of earnings to fixed charges is computed by dividing earnings by fixed charges. Our
ratio of earnings to combined fixed charges and preferred dividends is computed by dividing
earnings by combined fixed charges and preferred dividends. For these purposes, “earnings” is the
amount resulting from adding together income (loss) from continuing operations, fixed charges, and
amortization of capitalized interest and subtracting interest capitalized. “Fixed charges” is the
amount resulting from adding together interest expensed and capitalized; amortized premiums,
discounts and capitalized expenses related to indebtedness; and the interest portion of rent.
“Combined fixed charges and preferred dividends” is the amount resulting from adding together fixed
changes and preferred dividends paid and accrued for each respective period.