Attached files
| file | filename |
|---|---|
| 8-K - 8-K - HEALTHCARE REALTY TRUST INC | d909118d8k.htm |
| EX-1 - EX-1 - HEALTHCARE REALTY TRUST INC | d909118dex1.htm |
| EX-25 - EX-25 - HEALTHCARE REALTY TRUST INC | d909118dex25.htm |
| EX-99.1 - EX-99.1 - HEALTHCARE REALTY TRUST INC | d909118dex991.htm |
| EX-99.3 - EX-99.3 - HEALTHCARE REALTY TRUST INC | d909118dex993.htm |
| EX-99.2 - EX-99.2 - HEALTHCARE REALTY TRUST INC | d909118dex992.htm |
Exhibit 12
Healthcare Realty Trust Incorporated
Statement Re: Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Unaudited)
| Year Ended December 31, | ||||||||||||||||||||||||
| Pro-Forma Year Ended December 31, 2014 |
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
| Restated (1) | ||||||||||||||||||||||||
| Earnings |
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| Consolidated pretax income (loss) from continuing operations (7) |
$ | 43,002 | $ | 33,979 | $ | (13,092 | ) | $ | (892 | ) | $ | (12,351 | ) | $ | (7,484 | ) | ||||||||
| Fixed charges |
65,014 | 74,036 | 75,200 | 81,512 | 86,008 | 77,347 | ||||||||||||||||||
| Capitalized interest |
— | — | (183 | ) | (5,021 | ) | (8,531 | ) | (10,315 | ) | ||||||||||||||
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| Total Earnings |
$ | 108,015 | $ | 108,015 | $ | 61,925 | $ | 75,599 | $ | 65,126 | $ | 59,548 | ||||||||||||
| Fixed charges |
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| Interest expense |
63,391 | 72,413 | 73,551 | 75,053 | 76,038 | 65,710 | ||||||||||||||||||
| Estimated interest in rental expense (2) |
1,623 | 1,623 | 1,466 | 1,438 | 1,439 | 1,322 | ||||||||||||||||||
| Capitalized interest |
— | — | 183 | 5,021 | 8,531 | 10,315 | ||||||||||||||||||
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| Total Fixed Charges |
$ | 65,014 | $ | 74,036 | $ | 75,200 | $ | 81,512 | $ | 86,008 | $ | 77,347 | ||||||||||||
| Ratio of Earnings to Fixed Charges |
1.66 | 1.46 | 0.82 | (6) | 0.93 | (5) | 0.76 | (4) | 0.77 | (3) | ||||||||||||||
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| (1) | The ratio of earnings to fixed charges for the years ended December 31, 2013, 2012, 2011 and 2010 has been restated to conform to the year ended December 31, 2014. |
| (2) | Estimated interest in rental expense 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 $17.8 million. |
| (4) | For the twelve months ended December 31, 2011, earnings from continuing operations were insufficient to cover fixed charges by $20.9 million. |
| (5) | For the twelve months ended December 31, 2012, earnings from continuing operations were insufficient to cover fixed charges by $5.9 million. |
| (6) | For the twelve months ended December 31, 2013, earnings from continuing operations were insufficient to cover fixed charges by $13.3 million. |
| (7) | Consolidated pretax income (loss) from continuing operations has not been adjusted for noncontrolling interest. |