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10-K - FORM 10-K - MEDICAL PROPERTIES TRUST INCg25672e10vk.htm
EX-32 - EX-32 - MEDICAL PROPERTIES TRUST INCg25672exv32.htm
EX-31.1 - EX-31.1 - MEDICAL PROPERTIES TRUST INCg25672exv31w1.htm
EX-21.1 - EX-21.1 - MEDICAL PROPERTIES TRUST INCg25672exv21w1.htm
EX-23.1 - EX-23.1 - MEDICAL PROPERTIES TRUST INCg25672exv23w1.htm
EX-23.2 - EX-23.2 - MEDICAL PROPERTIES TRUST INCg25672exv23w2.htm
EX-31.2 - EX-31.2 - MEDICAL PROPERTIES TRUST INCg25672exv31w2.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,
    2010   2009   2008   2007   2006
Income (Loss) From Continuing Operations Before Income Taxes
  $ 13,515,623     $ 33,885,889     $ 18,675,849     $ 23,489,744     $ 16,610,768  
Fixed Charges
    40,818,852       37,689,855       42,466,084       30,887,560       10,835,483  
Amortization of Capitalized Interest
    204,422       204,422       204,422       187,138       73,279  
Capitalized Interest
    (63,248 )                 (1,335,413 )     (6,220,427 )
 
                                       
Earnings
  $ 54,475,649     $ 71,780,166     $ 61,346,355     $ 53,229,029     $ 21,299,103  
 
                                       
Interest Expense/Debt Refinancing Costs
  $ 40,708,696     $ 37,655,907     $ 42,423,984     $ 29,527,442     $ 4,579,955  
Portion of Rent Related to Interest
    46,908       33,948       42,100       24,705       35,101  
Capitalized Interest
    63,248                   1,335,413       6,220,427  
 
                                       
Fixed Charges
  $ 40,818,852     $ 37,689,855     $ 42,466,084     $ 30,887,560     $ 10,835,483  
 
                                       
Preferred Stock Dividends
                             
 
                                       
Combined Fixed Charges and Preferred Stock Dividends
  $ 40,818,852     $ 37,689,855     $ 42,466,084     $ 30,887,560     $ 10,835,483  
 
                                       
Ratio of Earnings to Fixed Charges
    1.33     1.90     1.44     1.72     1.97
 
                                       
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
    1.33     1.90     1.44     1.72     1.97
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.