EX-12.1 6 d539363dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

SABRA HEALTH CARE REIT, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

(dollars in thousands)

 

     Three Months Ended March 31,  
     2013      2012  

Earnings

      

Pre-tax net income

    $ 9,557         $ 4,405     

Add:

      

Fixed charges

      10,010           7,705     
  

 

 

     

 

 

  

Earnings, as adjusted

    $ 19,567         $ 12,110     
  

 

 

     

 

 

  

Fixed charges

      

Interest expensed and capitalized

    $ 9,435         $ 7,136     

Amortized premiums, discounts and capitalized expenses related to indebtedness

      567           562     

Estimate of interest within rental expense

      8           7     
  

 

 

     

 

 

  

Fixed charges, as adjusted

      10,010           7,705     

Preferred stock dividends (1)

      304           —     
  

 

 

     

 

 

  

Combined fixed charges and preferred stock dividends

    $ 10,314         $ 7,705     
  

 

 

     

 

 

  

Ratio of earnings to fixed charges

      1.95x           1.57x     

Ratio of earnings to combined fixed charges and preferred stock dividends

      1.90x           1.57x     
  

 

 

     

 

 

  

(1) The Company did not have any preferred stock outstanding for the three months ended March 31, 2012.