EX-12.1 2 snh-20160630ex121c60fa2.htm EX-12.1 EX12_1

Exhibit 12.1

 

Senior Housing Properties Trust

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months
Ended 

June 30,

 

Year Ended December 31,

 

 

    

2016

    

2015

    

2014

    

2013

    

2012

    

2011

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$
70,615 

 

$
125,474 

 

$
162,141 

 

$
183,997 

 

$
131,882 

 

$
148,128 

 

Fixed charges

 

 
80,399 

 

 
150,881 

 

 
135,114 

 

 
117,819 

 

 
117,240 

 

 
98,262 

 

Adjusted earnings

 

$
151,014 

 

$
276,355 

 

$
297,255 

 

$
301,816 

 

$
249,122 

 

$
246,390 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (including net amortization of debt premiums and discounts and debt issuance costs)

 

$
80,399 

 

$
150,881 

 

$
135,114 

 

$
117,819 

 

$
117,240 

 

$
98,262 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed  Charges

 

 

1.9x

 

 

1.8x

 

 

2.2x

 

 

2.6x

 

 

2.1x

 

 

2.5x