EX-12.1 8 a2225207zex-12_1.htm EX-12.1

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,

 

 

 

2015

 

2014

 

2013

 

2012

 

2011

 

2010

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings (losses) of an investee

 

$

40,068

 

$

162,141

 

$

183,997

 

$

131,882

 

$

148,128

 

$

116,373

 

Fixed charges

 

35,942

 

135,114

 

117,819

 

117,240

 

98,262

 

80,017

 

Adjusted earnings

 

$

76,010

 

$

297,255

 

$

301,816

 

$

249,122

 

$

246,390

 

$

196,390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

35,942

 

$

135,114

 

$

117,819

 

$

117,240

 

$

98,262

 

$

80,017

 

Ratio of earnings to fixed charges

 

2.1x

 

2.2x

 

2.6x

 

2.1x

 

2.5x

 

2.5x