EX-12.1 10 vtr-ex121_3312017.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
For the Three Months Ended March 31, 2017
 
 
(Dollars in thousands)
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest
 
$
149,617

Interest expense
 
 
Senior notes payable and other debt
 
108,804

Distributions from unconsolidated entities
 
2,380

Earnings
 
$
260,801

Interest
 
 
Senior notes payable and other debt expense
 
$
108,804

Interest capitalized
 
631

Fixed charges
 
$
109,435

 
 
 
Ratio of Earnings to Fixed Charges
 
2.38