EX-12.1 3 a2212879zex-12_1.htm EX-12.1
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Exhibit 12.1

Senior Housing Properties Trust
Computation of Ratios of Earnings to Fixed Charges
(dollars in thousands)

		Year Ended December 31,
		2012			2011			2010			2009			2008
Earnings:
Income before income tax expense		$	136,259		$	151,731		$	116,785		$	110,027		$	106,744
Fixed charges			117,240			98,262			80,017			56,404			40,154
Adjusted earnings		$	253,499		$	249,993		$	196,802		$	166,431		$	146,898
Fixed charges:
Interest expense		$	117,240		$	98,262		$	80,017		$	56,404		$	40,154
Ratio of earnings to fixed charges			2.2x			2.5x			2.5x			2.9x			3.7x

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Exhibit 12.1

Senior Housing Properties Trust Computation of Ratios of Earnings to Fixed Charges (dollars in thousands)