EX-12.1 9 d427675dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

Healthcare Trust of America, Inc.

 

     Year Ended December 31, (1)  
(Dollars in thousands)    2017     2016     2015     2014     2013  

Earnings

           

Pretax income related to continuing operations before adjustments for income or loss from equity investees

    $ 65,577     $ 47,345     $ 33,557     $ 45,994     $ 24,684  

Fixed charges

      90,171       64,860       60,419       59,124       53,865  

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

      (1,661 )      (1,433 )      (626 )      (623 )      (423 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available for fixed charges

    $ 154,087     $ 110,772     $ 93,350     $ 104,495     $ 78,126  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

           

Interest expense

    $ 82,159     $ 58,909     $ 54,978     $ 53,898     $ 48,615  

Amortized premiums, discounts or capitalized expense related to indebtedness

      4,216       3,104       3,128       3,591       3,801  

Estimate of interest within rental expenses

      3,796       2,847       2,313       1,635       1,449  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 90,171     $ 64,860     $ 60,419     $ 59,124     $ 53,865  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      1.71       1.71       1.55       1.77       1.45  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) We restated the information for the year ended December 31, 2013 to conform to our 2014 presentation. The results of operations of the property that was previously classified as held for sale has been reclassified out of discontinued operations for the period ended 2013.

Healthcare Trust of America Holdings, LP

 

     Year Ended December 31, (1)  
(Dollars in thousands)    2017     2016     2015     2014     2013  

Earnings

           

Pretax income related to continuing operations before adjustments for income or loss from equity investees

    $ 65,577     $ 47,345     $ 33,557     $ 45,994     $ 24,684  

Fixed charges

      90,171       64,860       60,419       59,124       53,865  

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

      (123 )      (118 )      (112 )      (133 )      (51 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available for fixed charges

    $ 155,625     $ 112,087     $ 93,864     $ 104,985     $ 78,498  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

           

Interest expense

    $ 82,159     $ 58,909     $ 54,978     $ 53,898     $ 48,615  

Amortized premiums, discounts or capitalized expense related to indebtedness

      4,216       3,104       3,128       3,591       3,801  

Estimate of interest within rental expenses

      3,796       2,847       2,313       1,635       1,449  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 90,171     $ 64,860     $ 60,419     $ 59,124     $ 53,865  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      1.73       1.73       1.55       1.78       1.46  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) We restated the information for the year ended December 31, 2013 to conform to our 2014 presentation. The results of operations of the property that was previously classified as held for sale has been reclassified out of discontinued operations for the period ended 2013.