EX-12.1 4 snh-20150331ex1216c8fda.htm EX-12.1 EX12_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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before equity in earnings 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