Sabra Health Care REIT, Inc. - FORM 10-Q - EX-12.1 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - August 1, 2016

Attached files

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EX-10.5 - FORM OF AMENDED AND RESTATED GUARANTY OF LEASE - Sabra Health Care REIT, Inc.form_ofxsecondxamendedxand.htm
10-Q - 10-Q - Sabra Health Care REIT, Inc.sbra10q2016q2.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3222016q2.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3212016q2.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3122016q2.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3112016q2.htm
EX-10.6 - FORM OF AMENDMENT TO MASTER AGREEMENT - Sabra Health Care REIT, Inc.form_amendmentxtoxmasterxl.htm
EX-10.4 - AMENDED AND RESTATED MOU SALE - Sabra Health Care REIT, Inc.amended_moux-xsalexfacilit.htm
EX-10.3 - AMENDED AND RESTATED MOU - Sabra Health Care REIT, Inc.amended_moux-xbuyxoutxfaci.htm
EX-10.2 - AGREEMENT REGARDING DISPOSITION OF ASSETS - Sabra Health Care REIT, Inc.agreement_regardingxdispos.htm
EX-10.1 - DIRECTORS COMPENSATION POLICY - Sabra Health Care REIT, Inc.sbra101directorscompensati.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 June 30,
 
Six Months Ended June 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
Earnings
 
 
 
 
 
 
 
 
 
Pre-tax net income
 
$
37,466

 
$
16,826

 
$
21,723

 
$
36,265

 
Add:
 
 
 
 
 
 
 
 
 
Fixed charges
 
16,442

 
14,060

 
33,375

 
27,949

 
Noncontrolling interest
 
9

 
9

 
41

 
20

Earnings, as adjusted
 
$
53,917

 
$
30,895

 
$
55,139

 
$
64,234

 
 
 
 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized
 
$
15,127

 
$
12,758

 
$
30,797

 
$
25,352

 
Amortized premiums, discounts and capitalized expenses related to indebtedness
 
1,300

 
1,294

 
2,548

 
2,580

 
Estimate of interest within rental expense
 
15

 
8

 
30

 
17

Fixed charges, as adjusted
 
16,442

 
14,060

 
33,375

 
27,949

Preferred stock dividends
 
2,560

 
2,560

 
5,121

 
5,121

Combined fixed charges and preferred stock dividends
 
$
19,002

 
$
16,620

 
$
38,496

 
$
33,070

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
3.28
x
 
2.20
x
 
1.65
x
 
2.30
x
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred stock dividends
 
2.84
x
 
1.86
x
 
1.43
x
 
1.94
x




Sabra Health Care REIT, Inc. Reports