Attached files
| file | filename |
|---|---|
| EX-10.3 - DIRECTORS COMPENSATION POLICY - Sabra Health Care REIT, Inc. | ex103-directorscompensatio.htm |
| EX-10.1 - FIRST AMENDMENT TO LOAN AGREEMENT - Sabra Health Care REIT, Inc. | ex101-firstamendmenttoloan.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3222015q2.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3122015q2.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3112015q2.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3212015q2.htm |
| 10-Q - 10-Q - Sabra Health Care REIT, Inc. | sbra10q2015q2.htm |
| EX-10.2 - FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT - Sabra Health Care REIT, Inc. | ex102-firstamendmenttoseco.htm |
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 June 30, | Six Months Ended June 30, | ||||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||||
Earnings | |||||||||||||||||
Pre-tax net income | $ | 16,826 | $ | 14,796 | $ | 36,265 | $ | 7,475 | |||||||||
Add: | |||||||||||||||||
Fixed charges | 14,060 | 11,002 | 27,949 | 22,144 | |||||||||||||
Noncontrolling interest | 9 | 5 | 20 | 23 | |||||||||||||
Earnings, as adjusted | $ | 30,895 | $ | 25,803 | $ | 64,234 | $ | 29,642 | |||||||||
Fixed charges | |||||||||||||||||
Interest expensed and capitalized | $ | 12,758 | $ | 10,067 | $ | 25,352 | $ | 20,289 | |||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 1,294 | 927 | 2,580 | 1,839 | |||||||||||||
Estimate of interest within rental expense | 8 | 8 | 17 | 16 | |||||||||||||
Fixed charges, as adjusted | 14,060 | 11,002 | 27,949 | 22,144 | |||||||||||||
Preferred stock dividends | 2,560 | 2,560 | 5,121 | 5,121 | |||||||||||||
Combined fixed charges and preferred stock dividends | $ | 16,620 | $ | 13,562 | $ | 33,070 | $ | 27,265 | |||||||||
Ratio of earnings to fixed charges | 2.20 | x | 2.35 | x | 2.30 | x | 1.34 | x | |||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.86 | x | 1.90 | x | 1.94 | x | 1.09 | x | |||||||||