EXHIBIT 12.1
SABRA HEALTH CARE REIT, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Six Months Ended June 30, 2012 |
Year
Ended December 31, 2011 |
Period from November 15, 2010 through December 31, 2010 |
||||||||||
Earnings: |
||||||||||||
Pre-tax net income |
$ | 10,328 | $ | 12,842 | $ | 249 | ||||||
Add: |
||||||||||||
Fixed charges |
15,860 | 30,344 | 3,861 | |||||||||
|
|
|
|
|
|
|||||||
Earnings, as adjusted (A) |
$ | 26,188 | $ | 43,186 | $ | 4,110 | ||||||
|
|
|
|
|
|
|||||||
Fixed charges: |
||||||||||||
Interest expensed and capitalized |
$ | 14,407 | $ | 28,336 | $ | 3,631 | ||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness |
1,439 | 1,983 | 228 | |||||||||
Estimate of interest within rental expense |
14 | 25 | 2 | |||||||||
|
|
|
|
|
|
|||||||
Fixed charges, as adjusted (B) |
$ | 15,860 | $ | 30,344 | $ | 3,861 | ||||||
|
|
|
|
|
|
|||||||
Ratio of earnings to fixed charges ((A) divided by (B)): |
1.65x | 1.42x | 1.06x | |||||||||
|
|
|
|
|
|