Attached files
file | filename |
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10-Q - 10-Q - Sabra Health Care REIT, Inc. | sbra10q2016q3.htm |
EX-32.2 - SECTION 906 CFO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3222016q3.htm |
EX-32.1 - SECTION 906 CEO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3212016q3.htm |
EX-31.2 - SECTION 302 CFO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3122016q3.htm |
EX-31.1 - SECTION 302 CEO CERTIFICATION - Sabra Health Care REIT, Inc. | sbraex3112016q3.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, | ||||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||||
Earnings | |||||||||||||||||
Pre-tax net income | $ | 25,312 | $ | 18,034 | $ | 47,035 | $ | 54,299 | |||||||||
Add: | |||||||||||||||||
Fixed charges | 15,809 | 15,184 | 49,184 | 43,133 | |||||||||||||
Noncontrolling interest | 25 | 27 | 66 | 47 | |||||||||||||
Earnings, as adjusted | $ | 41,146 | $ | 33,245 | $ | 96,285 | $ | 97,479 | |||||||||
Fixed charges | |||||||||||||||||
Interest expensed and capitalized | $ | 14,494 | $ | 13,850 | $ | 45,291 | $ | 39,202 | |||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 1,300 | 1,326 | 3,848 | 3,906 | |||||||||||||
Estimate of interest within rental expense | 15 | 8 | 45 | 25 | |||||||||||||
Fixed charges, as adjusted | 15,809 | 15,184 | 49,184 | 43,133 | |||||||||||||
Preferred stock dividends | 2,561 | 2,561 | 7,682 | 7,682 | |||||||||||||
Combined fixed charges and preferred stock dividends | $ | 18,370 | $ | 17,745 | $ | 56,866 | $ | 50,815 | |||||||||
Ratio of earnings to fixed charges | 2.60 | x | 2.19 | x | 1.96 | x | 2.26 | x | |||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 2.24 | x | 1.87 | x | 1.69 | x | 1.92 | x |