EX-12.1 2 a06-9265_1ex12d1.htm EX-12

Exhibit 12.1

 

SENIOR HOUSING PROPERTIES TRUST

 

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

Three Months Ended
March 31,

 

Year Ended December 31,

 

 

 

2006

 

2005

 

2005

 

2004

 

2003

 

2002

 

2001

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Net income

 

$

15,667

 

$

13,865

 

$

58,705

 

$

56,742

 

$

45,874

 

$

50,184

 

$

17,018

 

  Fixed charges

 

11,371

 

11,223

 

46,633

 

41,836

 

37,899

 

30,210

 

7,334

 

  Adjusted earnings

 

$

27,038

 

$

25,088

 

$

105,338

 

$

98,578

 

$

83,773

 

$

80,394

 

$

24,352

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

11,371

 

$

11,223

 

$

46,633

 

$

41,836

 

$

37,899

 

$

30,210

 

$

7,334

 

Ratio of earnings to fixed charges

 

2.4

x 

2.2

x

2.3

x

2.4

x

2.2

x

2.7

x

3.3

x