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EX-32.2 - SECTION 906 CFO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3222017q2.htm
EX-32 - SECTION 906 CEO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3212017q2.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3122017q2.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - Sabra Health Care REIT, Inc.sbraex3112017q2.htm
EX-10.1 - DIRECTORS COMPENSATION POLICY - Sabra Health Care REIT, Inc.ex101directorscompensation.htm
10-Q - 10-Q - Sabra Health Care REIT, Inc.sbra10q2017q2.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,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
Earnings
 
 
 
 
 
 
 
 
 
Pre-tax net income
 
$
20,536

 
$
37,466

 
$
39,327

 
$
21,723

 
Add:
 
 
 
 
 
 
 
 
 
Fixed charges
 
15,878

 
16,442

 
31,682

 
33,375

 
Noncontrolling interest
 
(16
)
 
9

 
16

 
41

Earnings, as adjusted
 
$
36,398

 
$
53,917

 
$
71,025

 
$
55,139

 
 
 
 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized
 
$
14,552

 
$
15,127

 
$
29,035

 
$
30,797

 
Amortized premiums, discounts and capitalized expenses related to indebtedness
 
1,310

 
1,300

 
2,615

 
2,548

 
Estimate of interest within rental expense
 
16

 
15

 
32

 
30

Fixed charges, as adjusted
 
15,878

 
16,442

 
31,682

 
33,375

Preferred stock dividends
 
2,560

 
2,560

 
5,121

 
5,121

Combined fixed charges and preferred stock dividends
 
$
18,438

 
$
19,002

 
$
36,803

 
$
38,496

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
2.29
x
 
3.28
x
 
2.24
x
 
1.65
x
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred stock dividends
 
1.97
x
 
2.84
x
 
1.93
x
 
1.43
x