EX-12.1 7 a03-1629_1ex121.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 June 30,

 

Six Months Ended June 30,

 

 

 

2003

 

2002

 

2003

 

2002

 

Earnings:

 

 

 

 

 

 

 

 

 

Net income

 

$

9,801

 

$

10,596

 

$

21,860

 

$

22,216

 

Fixed charges

 

9,663

 

7,142

 

17,512

 

15,227

 

Adjusted earnings

 

$

19,464

 

$

17,738

 

$

39,372

 

$

37,443

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

Interest

 

$

8,960

 

$

6,439

 

$

16,106

 

$

13,821

 

Distributions on trust preferred securities

 

703

 

703

 

1,406

 

1,406

 

Total fixed charges

 

$

9,663

 

$

7,142

 

$

17,512

 

$

15,227

 

Ratio of earnings to fixed charges

 

2.0

x

2.5

x

2.2

x

2.5

x