Attached files
file | filename |
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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 |