EX-12.1 21 d613766dex121.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Regarding Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

AVIV REIT, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

    Year Ended December 31,     Six Months
Ended June 30,
 
    2008     2009     2010     2011     2012     2013  

Earnings:

           

Net income

  $ 16,874,193      $ 33,680,631      $ 37,982,720      $ 11,313,124      $ 8,593,429      $ 1,964,231   

Add: Fixed Charges

    26,869,721        27,373,757        23,787,960        39,308,018        52,034,714        22,937,040   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings, as adjusted (A)

  $ 43,743,914      $ 61,054,388      $ 61,770,680      $ 50,621,142      $ 60,628,143      $ 24,901,271   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges:

           

Interest expensed and capitalized

  $ 26,333,101      $ 26,823,430      $ 22,779,901      $ 36,643,084      $ 48,906,645      $ 21,397,424   

Amortized premiums discounts and capitalized expenses related to indebtedness

    536,620        550,327        1,008,059        2,664,934        3,128,069        1,539,616   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges, as adjusted (B)

  $ 26,869,721      $ 27,373,757      $ 23,787,960      $ 39,308,018      $ 52,034,714      $ 22,937,040   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges ((A) divided by (B)):

    1.63     2.23     2.60     1.29     1.17     1.09