Attached files

file filename
10-Q - 10-Q - SELECT INCOME REITsir-20150630x10q.htm
EX-31.2 - EX-31.2 - SELECT INCOME REITsir-20150630ex31298efc1.htm
EX-32.1 - EX-32.1 - SELECT INCOME REITsir-20150630ex32138bfe3.htm
EX-31.4 - EX-31.4 - SELECT INCOME REITsir-20150630ex314a15b27.htm
EX-31.3 - EX-31.3 - SELECT INCOME REITsir-20150630ex3130cd5f7.htm
EX-31.1 - EX-31.1 - SELECT INCOME REITsir-20150630ex311dd5ae0.htm
EX-3.3 - EX-3.3 - SELECT INCOME REITsir-20150630ex3345e935d.htm
EX-3.2 - EX-3.2 - SELECT INCOME REITsir-20150630ex32168e50c.htm

Exhibit 12.1

SELECT INCOME REIT
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended June 30,

 

Year Ended December 31,

 

2015

 

2014

 

2013

 

2012

 

2011

 

2010

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings of an investee

$

33,491

 

$

105,867

 

$

92,662

 

$

65,896

 

$

68,943

 

$

60,572

Fixed charges

 

33,747

 

 

12,974

 

 

13,763

 

 

7,565

 

 

 -

 

 

 -

Adjusted earnings

$

67,238

 

$

118,841

 

$

106,425

 

$

73,461

 

$

68,943

 

$

60,572

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (including amortization of debt premiums and discounts and deferred financing fees)

$

33,747

 

$

12,974

 

$

13,763

 

$

7,565

 

$

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges (1)

 

2.0x

 

 

9.2x

 

 

7.7x

 

 

9.7x

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

There is no ratio for the years ended December 31, 2011 and 2010 because there were no fixed charges attributable to us during these years.

11