EX-12.1 5 l89834aex12-1.txt EXHIBIT 12.1 1 Exhibit 12.1 HEALTH CARE REIT, INC. STATEMENT REGARDING COMPUTATION OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31 SIX MONTH PERIOD ENDED 2000 1999 1998 1997 1996 JUNE 30, 2001 ---- ---- ---- ---- ---- (IN THOUSANDS) (IN THOUSANDS) ------------------------------------------------------------------------------------ CONSOLIDATED EARNINGS: Net Income 30,326 68,056 75,638 62,309 46,477 30,676 Add: Interest Expense 16,089 34,622 26,916 18,030 15,366 14,635 Amortization of Loan Expenses 764 1,165 909 685 720 808 Equity earnings in less than 50% subsidiary (166) (318) (270) (375) ------ ------ ------ ------ ------ ------ CONSOLIDATED EARNINGS 47,013 103,525 103,193 80,649 62,563 46,119 CONSOLIDATED FIXED CHARGES: Interest Expense 16,089 34,622 26,916 18,030 15,366 14,635 Capitalized Interest 539 3,079 8,578 7,740 2,305 287 Amortization of Loan Expenses 764 1,165 909 685 720 808 ------ ------ ------ ------ ------ ------ CONSOLIDATED FIXED CHARGES 17,392 38,866 36,403 26,455 18,391 15,730 RATIO 2.70 2.66 2.83 3.05 3.40 2.93