EX-12.1 2 sbraex1212012q3.htm STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES SBRA EX 12.1 2012 Q3




SABRA HEALTH CARE REIT, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)

 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2012
 
2011
 
2012
 
2011
 
 
 
 
 
 
 
 
 
 
Earnings
 
 
 
 
 
 
 
 
 
Pre-tax net income
 
$
5,226

 
$
2,344

 
$
15,554

 
$
5,678

 
Add:
 
 
 
 
 
 
 
 
 
Fixed charges
 
9,545

 
7,631

 
25,406

 
22,744

 
Earnings, as adjusted
 
$
14,771

 
$
9,975

 
$
40,960

 
$
28,422

 
 
 
 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized
 
$
8,508

 
$
7,115

 
$
22,915

 
$
21,230

 
Amortized premiums, discounts and capitalized expenses related to indebtedness
 
1,030

 
509

 
2,469

 
1,496

 
Estimate of interest within rental expense
 
7

 
7

 
22

 
18

 
Fixed charges, as adjusted
 
$
9,545

 
$
7,631

 
$
25,406

 
$
22,744

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
1.55

 
1.31

 
1.61

 
1.25