Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - HEALTHCARE REALTY TRUST INC | d507012d8k.htm |
| EX-1 - EX-1 - HEALTHCARE REALTY TRUST INC | d507012dex1.htm |
| EX-25 - EX-25 - HEALTHCARE REALTY TRUST INC | d507012dex25.htm |
| EX-99.2 - EX-99.2 - HEALTHCARE REALTY TRUST INC | d507012dex992.htm |
| EX-99.1 - EX-99.1 - HEALTHCARE REALTY TRUST INC | d507012dex991.htm |
Exhibit 12
Healthcare Realty Trust Incorporated
Statement Re: Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
(Dollars in thousands)
(Unaudited)
| For The Year Ended December 31, | ||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | Proforma Year Ended December 31, 2012 |
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| Restated (1) | ||||||||||||||||||||||||
| Earnings |
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| Consolidated pretax income from continuing operations |
$ | 12,429 | $ | 22,306 | $ | 1,060 | $ | (2,926 | ) | $ | 7,812 | $ | 11,995 | |||||||||||
| Fixed charges |
49,704 | 54,310 | 77,347 | 86,008 | 81,512 | 77,329 | ||||||||||||||||||
| Capitalized interest |
(6,679 | ) | (10,087 | ) | (10,315 | ) | (8,531 | ) | (5,021 | ) | (5,021 | ) | ||||||||||||
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| Total Earnings |
$ | 55,454 | $ | 66,529 | 68,092 | $ | 74,551 | $ | 84,303 | $ | 84,303 | |||||||||||||
| Fixed charges |
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| Interest expense |
41,927 | 42,953 | 65,710 | 76,038 | 75,053 | 70,870 | ||||||||||||||||||
| Estimated interest in rental expense (2) |
1,098 | 1,270 | 1,322 | 1,439 | 1,438 | 1,438 | ||||||||||||||||||
| Capitalized interest |
6,679 | 10,087 | 10,315 | 8,531 | 5,021 | 5,021 | ||||||||||||||||||
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| Total Fixed charges |
$ | 49,704 | $ | 54,310 | 77,347 | $ | 86,008 | $ | 81,512 | $ | 77,329 | |||||||||||||
| Ratio of Earnings to Fixed Charges |
1.12 | 1.22 | 0.88 | (3) | 0.87 | (4) | 1.03 | 1.09 | ||||||||||||||||
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| (1) | The years ended December 31, 2011, 2010, 2009 and 2008 have been restated to conform to the December 31, 2012 presentation. |
| (2) | Assumes approximately one-third of rent expense is representative of the interest factor. |
| (3) | For the twelve months ended December 31, 2010, earnings from continuing operations were insufficient to cover fixed charges by $9.3 million. |
| (4) | For the twelve months ended December 31, 2011, earnings from continuing operations were insufficient to cover fixed charges by $11.5 million. |