Attached files

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10-Q - 10-Q - Sabra Health Care REIT, Inc.sbra10q2015q1.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3212015q1.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3222015q1.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3122015q1.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3112015q1.htm
EX-10.2 - FORM OF GUARANTY OF LEASE - Sabra Health Care REIT, Inc.ex102form_guaranty.htm
EX-10.1 - FORM OF AMENDMENT TO LEASE AGREEMENT - Sabra Health Care REIT, Inc.ex101form_leasexamendment.htm
EXCEL - IDEA: XBRL DOCUMENT - Sabra Health Care REIT, Inc.Financial_Report.xls
Exhibit 12.1



SABRA HEALTH CARE REIT, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(dollars in thousands)

 
 
 
Three Months Ended March 31,
 
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
Earnings
 
 
 
 
 
 
Pre-tax net income (loss)
 
$
19,439

 
$
(7,321
)
 
 
Add:
 
 
 
 
 
 
Fixed charges
 
13,888

 
11,142

 
 
Noncontrolling interest
 
11

 
18

 
Earnings, as adjusted
 
$
33,338

 
$
3,839

 
 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
Interest expensed and capitalized
 
$
12,594

 
$
10,222

 
 
Amortized premiums, discounts and capitalized expenses related to indebtedness
 
1,286

 
912

 
 
Estimate of interest within rental expense
 
8

 
8

 
Fixed charges, as adjusted
 
13,888

 
11,142

 
Preferred stock dividends
 
2,561

 
2,561

 
Combined fixed charges and preferred stock dividends
 
$
16,449

 
$
13,703

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
2.40
x
 
0.34
x
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred stock dividends
 
2.03
x
 
0.28
x