Sabra Health Care REIT, Inc. - FORM 10-Q - EX-12.1 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - May 9, 2018

Attached files

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EX-32.2 - SECTION 906 CFO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3222018q1.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3212018q1.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3122018q1.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3112018q1.htm
10-Q - 10-Q - Sabra Health Care REIT, Inc.sbra10q2018q1.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 March 31,
 
 
 
2018
 
2017
 
 
 
 
 
 
Earnings
 
 
 
 
 
Income before income from unconsolidated joint venture and income tax expense
 
$
62,545

 
$
19,011

 
Add:
 
 
 
 
 
Fixed charges
 
35,872

 
15,804

 
Noncontrolling interests
 
(10
)
 
32

Earnings, as adjusted
 
$
98,407

 
$
34,847

 
 
 
 
 
 
Fixed charges
 
 
 
 
 
Interest expensed and capitalized
 
$
33,337

 
$
14,197

 
Non-cash interest expense
 
2,481

 
1,591

 
Estimate of interest within rental expense
 
54

 
16

Fixed charges, as adjusted
 
35,872

 
15,804

Preferred stock dividends
 
2,561

 
2,561

Combined fixed charges and preferred stock dividends
 
$
38,433

 
$
18,365

 
 
 
 
 
 
Ratio of earnings to fixed charges
 
2.74
x
 
2.20
x
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred stock dividends
 
2.56
x
 
1.90
x



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