Attached files
| file | filename |
|---|---|
| EX-32.1 - SECTION 906 CEO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3212015q3.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3122015q3.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3112015q3.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3222015q3.htm |
| 10-Q - 10-Q - Sabra Health Care REIT, Inc. | sbra10q2015q3.htm |
Exhibit 12.1
SABRA HEALTH CARE REIT, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(dollars in thousands)
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||||
Earnings | |||||||||||||||||
Pre-tax net income | $ | 18,034 | $ | 17,198 | $ | 54,299 | $ | 24,673 | |||||||||
Add: | |||||||||||||||||
Fixed charges | 15,184 | 10,548 | 43,133 | 32,692 | |||||||||||||
Noncontrolling interest | 27 | 6 | 47 | 29 | |||||||||||||
Earnings, as adjusted | $ | 33,245 | $ | 27,752 | $ | 97,479 | $ | 57,394 | |||||||||
Fixed charges | |||||||||||||||||
Interest expensed and capitalized | $ | 13,850 | $ | 9,600 | $ | 39,202 | $ | 29,889 | |||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 1,326 | 940 | 3,906 | 2,779 | |||||||||||||
Estimate of interest within rental expense | 8 | 8 | 25 | 24 | |||||||||||||
Fixed charges, as adjusted | 15,184 | 10,548 | 43,133 | 32,692 | |||||||||||||
Preferred stock dividends | 2,561 | 2,561 | 7,682 | 7,682 | |||||||||||||
Combined fixed charges and preferred stock dividends | $ | 17,745 | $ | 13,109 | $ | 50,815 | $ | 40,374 | |||||||||
Ratio of earnings to fixed charges | 2.19 | x | 2.63 | x | 2.26 | x | 1.76 | x | |||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.87 | x | 2.12 | x | 1.92 | x | 1.42 | x | |||||||||