Attached files
| file | filename |
|---|---|
| EX-32 - CERTIFICATION OF CEO AND PFO AND PAO - NATIONAL HEALTH INVESTORS INC | nhi-12312015x10kex32.htm |
| EX-21 - SUBSIDIARIES - NATIONAL HEALTH INVESTORS INC | nhi-12312015x10kex21.htm |
| EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER AND PRINCIPAL ACCOUNTING OFFICER - NATIONAL HEALTH INVESTORS INC | nhi-12312015x10kex312.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - NATIONAL HEALTH INVESTORS INC | nhi-12312015x10kex311.htm |
| EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - NATIONAL HEALTH INVESTORS INC | nhi-12312015x10kex231.htm |
| EX-10.40 - NOTE PURCHASE AGREEMENT - NATIONAL HEALTH INVESTORS INC | nhi-12312015x10kex1040.htm |
| EX-99.1 - FINANCIAL STATEMENT SCHEDULES - NATIONAL HEALTH INVESTORS INC | nhi-12_31x2015x10kex991.htm |
| 10-K - 10-K - NATIONAL HEALTH INVESTORS INC | nhi-12312015x10k.htm |
Exhibit 12.1 | |||||||||||||||||||
NATIONAL HEALTH INVESTORS, INC. | |||||||||||||||||||
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND | |||||||||||||||||||
RATIO OF COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | |||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||
(unaudited) | |||||||||||||||||||
Year Ended | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings | |||||||||||||||||||
Income from continuing operations before adjustment for income or loss from equity investees | $ | 155,081 | $ | 103,123 | $ | 79,174 | $ | 72,789 | $ | 69,817 | |||||||||
Add: State franchise taxes based on gross receipts | 124 | 133 | 132 | 117 | 96 | ||||||||||||||
Add: Fixed charges | 37,986 | 26,948 | 9,607 | 3,700 | 2,681 | ||||||||||||||
Add: Amortization of capitalized interest | 57 | 112 | 9 | 1 | — | ||||||||||||||
Subtract: Preferred stock dividends | — | — | — | — | — | ||||||||||||||
Subtract: Interest capitalized | (357 | ) | (576 | ) | (378 | ) | (208 | ) | (30 | ) | |||||||||
Total Earnings | $ | 192,891 | $ | 129,740 | $ | 88,544 | $ | 76,399 | $ | 72,564 | |||||||||
Fixed Charges | |||||||||||||||||||
Interest expense | $ | 34,216 | $ | 23,302 | $ | 8,523 | $ | 3,172 | $ | 2,070 | |||||||||
Interest capitalized | 357 | 576 | 378 | 208 | 30 | ||||||||||||||
Amortization of costs related to indebtedness | 3,413 | 3,070 | 706 | 320 | 581 | ||||||||||||||
Total Fixed Charges | 37,986 | 26,948 | 9,607 | 3,700 | 2,681 | ||||||||||||||
Preferred Stock Dividends(1) | — | — | — | — | — | ||||||||||||||
Combined Fixed Charges and Preferred Stock Dividends | $ | 37,986 | $ | 26,948 | $ | 9,607 | $ | 3,700 | $ | 2,681 | |||||||||
Ratio of Earnings to Fixed Charges | 5.08 | 4.81 | 9.22 | 20.65 | 27.07 | ||||||||||||||
(1) There was no preferred stock outstanding for any of the periods presented. | |||||||||||||||||||