EX-12.1 3 sbraex1212012.htm STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES SBRA EX 12.1 (2012)




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

 
 
 
Year Ended December 31, 2012
 
Year Ended December 31, 2011
 
Period from November 15, 2010 to December 31, 2010
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings
 
 
 
 
 
 
 
 
Pre-tax net income
 
$
19,513

 
$
12,842

 
$
249

 
Add:
 
 
 
 
 
 
 
Fixed charges
 
37,034

 
30,344

 
3,861

 
Earnings, as adjusted
 
$
56,547

 
$
43,186

 
$
4,110

 
 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
 
 
Interest expensed and capitalized
 
$
34,039

 
$
28,336

 
$
3,631

 
Amortized premiums, discounts and capitalized expenses related to indebtedness
 
2,966

 
1,983

 
228

 
Estimate of interest within rental expense
 
29

 
25

 
2

 
Fixed charges, as adjusted
 
$
37,034

 
$
30,344

 
$
3,861

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
1.53
x
 
1.42
x
 
1.06
x