Attached files

file filename
8-K - 8-K - HEALTHPEAK PROPERTIES, INC.a13-23383_48k.htm
EX-4.2 - EX-4.2 - HEALTHPEAK PROPERTIES, INC.a13-23383_4ex4d2.htm
EX-99.2 - EX-99.2 - HEALTHPEAK PROPERTIES, INC.a13-23383_4ex99d2.htm
EX-5.2 - EX-5.2 - HEALTHPEAK PROPERTIES, INC.a13-23383_4ex5d2.htm
EX-8.1 - EX-8.1 - HEALTHPEAK PROPERTIES, INC.a13-23383_4ex8d1.htm
EX-99.1 - EX-99.1 - HEALTHPEAK PROPERTIES, INC.a13-23383_4ex99d1.htm
EX-5.1 - EX-5.1 - HEALTHPEAK PROPERTIES, INC.a13-23383_4ex5d1.htm
EX-1.1 - EX-1.1 - HEALTHPEAK PROPERTIES, INC.a13-23383_4ex1d1.htm

Exhibit 12.1

 

HCP, Inc.

RATIO OF EARNINGS TO FIXED CHARGES

and RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

 

 

 

 

Year ended December 31,

 

 

 

Nine Months
Ended

September 30,
2013

 

2012

 

2011

 

2010

 

2009

 

2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense and Debt Amortization

 

$326,225

 

$419,066

 

$419,336

 

$288,657

 

$298,898

 

$349,313

 

Rental Expense

 

5,974

 

6,794

 

6,186

 

5,939

 

6,039

 

6,008

 

Capitalized Interest

 

10,852

 

23,360

 

26,402

 

21,664

 

25,917

 

27,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

$343,051

 

$449,220

 

$451,924

 

$316,260

 

$330,854

 

$382,811

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Income from Continuing Operations before Noncontrolling Interest and Income from Equity Investees

 

$621,593

 

$756,793

 

$501,838

 

$382,681

 

$96,131

 

$223,917

 

Add Back Fixed Charges

 

343,051

 

449,220

 

451,924

 

316,260

 

330,854

 

382,811

 

Add Distributed Income from Equity Investees

 

2,724

 

3,384

 

3,273

 

5,373

 

7,273

 

6,745

 

Less Capitalized Interest

 

(10,852

)

(23,360

)

(26,402

)

(21,664

)

(25,917

)

(27,490

)

Less Noncontrolling Interest from Subsidiaries without Fixed Charges

 

(6,226

)

(10,954

)

(16,466

)

(15,517

)

(13,049

)

(17,996

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$950,290

 

$1,175,083

 

$914,167

 

$667,133

 

395,292

 

$567,987

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

2.77

 

2.62

 

2.02

 

2.11

 

1.19

 

1.48