EX-12.1 4 ex12-1.txt Exhibit 12.1
Senior Housing Properties Trust Computation of Ratio of Earnings to Fixed Charges (dollars in thousands) Year Ended December 31, 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- Earnings: Net income 17,018 58,437 14,834 46,236 44,723 Fixed charges 7,334 15,366 18,768 19,293 16,958 -------------------------------------------------------------- Adjusted earnings 24,352 73,803 33,602 65,529 61,681 -------------------------------------------------------------- Fixed charges: Interest 5,879 15,366 18,768 19,293 16,958 Distributions on trust preferred securities 1,455 -- -- -- -- -------------------------------------------------------------- Total fixed charges 7,334 15,366 18,768 19,293 16,958 -------------------------------------------------------------- Ratio of earnings to interest 4.1x 4.8x 1.8x 3.4x 3.6x Ratio of earnings to fixed charges 3.3x 4.8x 1.8x 3.4x 3.6x (includes trust preferred distributions)