Attached files
Exhibit 12.1
Senior Housing Properties Trust
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
Six Months Ended June 30, | Year Ended December 31, | |||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings of an investee | $ | 49,372 | $ | 141,582 | $ | 125,474 | $ | 162,141 | $ | 183,997 | $ | 131,882 | ||||||||||||
Fixed charges | 84,289 | 167,574 | 150,881 | 135,114 | 117,819 | 117,240 | ||||||||||||||||||
Adjusted earnings | $ | 133,661 | $ | 309,156 | $ | 276,355 | $ | 297,255 | $ | 301,816 | $ | 249,122 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense (including net amortization of debt premiums and discounts and debt issuance costs) | $ | 84,289 | $ | 167,574 | $ | 150,881 | $ | 135,114 | $ | 117,819 | $ | 117,240 | ||||||||||||
Ratio of Earnings to Fixed Charges | 1.6 | x | 1.8 | x | 1.8 | x | 2.2 | x | 2.6 | x | 2.1 | x |