Attached files
file | filename |
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10-Q - 10-Q - WELLTOWER INC. | 10-Q.htm |
EX-32.2 - EX-32.2 - WELLTOWER INC. | Ex32-2.htm |
EX-31.2 - EX-31.2 - WELLTOWER INC. | Ex31-2.htm |
EX-31.1 - EX-31.1 - WELLTOWER INC. | Ex31-1.htm |
EX-32.1 - EX-32.1 - WELLTOWER INC. | Ex32-1.htm |
EXCEL - IDEA: XBRL DOCUMENT - WELLTOWER INC. | Financial_Report.xls |
EXHIBIT 12 |
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STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (UNAUDITED) |
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Year Ended December 31, |
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Six Months Ended June 30, |
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(dollars in thousands) |
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2009 |
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2010 |
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2011 |
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2012 |
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2013 |
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2013 |
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2014 |
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Earnings: |
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Pretax income from continuing operations before adjustment for income or loss from equity investees(1) |
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$ |
102,612 |
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$ |
32,976 |
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$ |
112,203 |
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$ |
185,912 |
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$ |
102,245 |
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$ |
31,941 |
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$ |
160,154 |
Fixed charges |
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104,824 |
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134,905 |
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290,240 |
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359,947 |
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460,918 |
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216,564 |
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243,223 |
Capitalized interest |
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(41,170) |
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(20,792) |
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(13,164) |
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(9,777) |
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(6,700) |
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(2,992) |
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(3,305) |
Amortized premiums, discounts and capitalized expenses related to indebtedness |
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11,898 |
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13,945 |
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13,905 |
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11,395 |
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4,142 |
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4,731 |
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1,980 |
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
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342 |
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(357) |
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4,894 |
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2,415 |
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6,770 |
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774 |
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1,502 |
Earnings |
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$ |
178,506 |
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$ |
160,677 |
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$ |
408,078 |
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$ |
549,892 |
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$ |
567,375 |
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$ |
251,018 |
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$ |
403,554 |
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Fixed charges: |
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Interest expense(1) |
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$ |
75,552 |
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$ |
128,058 |
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$ |
290,981 |
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$ |
361,565 |
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$ |
458,360 |
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$ |
218,303 |
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$ |
241,898 |
Capitalized interest |
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41,170 |
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20,792 |
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13,164 |
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9,777 |
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6,700 |
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2,992 |
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3,305 |
Amortized premiums, discounts and capitalized expenses related to indebtedness |
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(11,898) |
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(13,945) |
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(13,905) |
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(11,395) |
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(4,142) |
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(4,731) |
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(1,980) |
Fixed charges |
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$ |
104,824 |
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$ |
134,905 |
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$ |
290,240 |
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$ |
359,947 |
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$ |
460,918 |
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$ |
216,564 |
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$ |
243,223 |
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Consolidated ratio of earnings to fixed charges |
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1.70 |
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1.19 |
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1.41 |
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1.53 |
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1.23 |
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1.16 |
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1.66 |
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Earnings: |
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Pretax income from continuing operations before adjustment for income or loss from equity investees(1) |
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$ |
102,612 |
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$ |
32,976 |
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$ |
112,203 |
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$ |
185,912 |
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$ |
102,245 |
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$ |
31,941 |
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$ |
160,154 |
Fixed charges |
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104,824 |
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134,905 |
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290,240 |
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359,947 |
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460,918 |
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216,564 |
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243,223 |
Capitalized interest |
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(41,170) |
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(20,792) |
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(13,164) |
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(9,777) |
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(6,700) |
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(2,992) |
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(3,305) |
Amortized premiums, discounts and capitalized expenses related to indebtedness |
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11,898 |
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13,945 |
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13,905 |
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11,395 |
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4,142 |
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4,731 |
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1,980 |
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
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342 |
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(357) |
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4,894 |
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2,415 |
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6,770 |
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774 |
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1,502 |
Earnings |
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$ |
178,506 |
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$ |
160,677 |
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$ |
408,078 |
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$ |
549,892 |
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$ |
567,375 |
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$ |
251,018 |
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$ |
403,554 |
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Fixed charges: |
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Interest expense(1) |
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$ |
75,552 |
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$ |
128,058 |
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$ |
290,981 |
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$ |
361,565 |
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$ |
458,360 |
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$ |
218,303 |
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$ |
241,898 |
Capitalized interest |
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41,170 |
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20,792 |
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13,164 |
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9,777 |
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6,700 |
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2,992 |
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3,305 |
Amortized premiums, discounts and capitalized expenses related to indebtedness |
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(11,898) |
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(13,945) |
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(13,905) |
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(11,395) |
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(4,142) |
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(4,731) |
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(1,980) |
Fixed charges |
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104,824 |
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134,905 |
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290,240 |
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359,947 |
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460,918 |
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216,564 |
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243,223 |
Preferred stock dividends |
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22,079 |
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21,645 |
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60,502 |
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69,129 |
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66,336 |
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33,203 |
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32,705 |
Combined fixed charges and preferred stock dividends |
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$ |
126,903 |
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$ |
156,550 |
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$ |
350,742 |
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$ |
429,076 |
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$ |
527,254 |
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$ |
249,767 |
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$ |
275,928 |
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Consolidated ratio of earnings to combined fixed charges and preferred stock dividends |
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1.41 |
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1.03 |
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1.16 |
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1.28 |
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1.08 |
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1.01 |
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1.46 |
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(1) We have reclassified the income and expenses attributable to the properties sold prior to or held for sale at January 1, 2014 to discontinued operations. |