Attached files
| file | filename |
|---|---|
| 8-K - 8-K - HEALTHPEAK PROPERTIES, INC. | a15-2154_58k.htm |
| EX-5.1 - EX-5.1 - HEALTHPEAK PROPERTIES, INC. | a15-2154_5ex5d1.htm |
| EX-99.1 - EX-99.1 - HEALTHPEAK PROPERTIES, INC. | a15-2154_5ex99d1.htm |
| EX-5.2 - EX-5.2 - HEALTHPEAK PROPERTIES, INC. | a15-2154_5ex5d2.htm |
| EX-8.1 - EX-8.1 - HEALTHPEAK PROPERTIES, INC. | a15-2154_5ex8d1.htm |
| EX-4.1 - EX-4.1 - HEALTHPEAK PROPERTIES, INC. | a15-2154_5ex4d1.htm |
Exhibit 12.1
HCP, Inc.
RATIO OF EARNINGS TO FIXED CHARGES
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Nine Months |
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Year ended December 31, |
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2014 |
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2013 |
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2012 |
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2011 |
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2010 |
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2009 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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Fixed Charges: |
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Interest Expense and Debt Amortization: |
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$ |
324,755 |
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$ |
435,828 |
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$ |
419,066 |
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$ |
419,336 |
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$ |
288,657 |
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$ |
298,898 |
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Rental Expense |
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6,331 |
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7,918 |
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6,794 |
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6,186 |
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5,939 |
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6,039 |
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Capitalized Interest |
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8,185 |
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13,494 |
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23,360 |
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26,402 |
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21,664 |
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25,917 |
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Fixed Charges |
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$ |
339,271 |
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$ |
457,240 |
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$ |
449,220 |
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$ |
451,924 |
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$ |
316,260 |
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$ |
330,854 |
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Earnings: |
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Pretax Income from Continuing Operations before Noncontrolling Interest and Income from Equity Investees |
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$ |
670,667 |
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$ |
852,015 |
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745,081 |
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$ |
490,681 |
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$ |
371,172 |
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$ |
85,745 |
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Add Back Fixed Charges |
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339,271 |
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457,240 |
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449,220 |
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451,924 |
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316,260 |
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330,854 |
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Add Distributed Income from Equity Investees |
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3,895 |
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3,989 |
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3,384 |
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3,273 |
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5,373 |
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7,273 |
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Less Capitalized Interest |
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(8,185 |
) |
(13,494 |
) |
(23,360 |
) |
(26,402 |
) |
(21,664 |
) |
(25,917 |
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Less Noncontrolling Interest from Subsidiaries without Fixed Charges |
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(7,055 |
) |
(9,338 |
) |
(10,954 |
) |
(16,466 |
) |
(15,517 |
) |
(13,049 |
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Total |
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$ |
998,593 |
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$ |
1,290,412 |
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$ |
1,163,371 |
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$ |
903,010 |
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$ |
655,624 |
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384,906 |
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Ratio of Earnings to Fixed Charges |
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2.94 |
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2.82 |
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2.59 |
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2.00 |
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2.07 |
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1.16 |
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