Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Sabra Health Care REIT, Inc. | sbraex3222017q3.htm |
| EX-32.1 - EXHIBIT 32.1 - Sabra Health Care REIT, Inc. | sbraex3212017q3.htm |
| EX-31.2 - EXHIBIT 31.2 - Sabra Health Care REIT, Inc. | sbraex3122017q3.htm |
| EX-31.1 - EXHIBIT 31.1 - Sabra Health Care REIT, Inc. | sbraex3112017q3.htm |
| EX-10.3 - EXHIBIT 10.3 - Sabra Health Care REIT, Inc. | sbraex103stockagmtnon-empl.htm |
| 10-Q - 10-Q - Sabra Health Care REIT, Inc. | sbra10q2017q3.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, | ||||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||||
Earnings | |||||||||||||||||
Pre-tax net income | $ | 14,874 | $ | 25,466 | $ | 54,557 | $ | 47,821 | |||||||||
Add: | |||||||||||||||||
Fixed charges | 24,593 | 15,809 | 56,275 | 49,184 | |||||||||||||
Noncontrolling interest | 26 | 25 | 42 | 66 | |||||||||||||
Earnings, as adjusted | $ | 39,493 | $ | 41,300 | $ | 110,874 | $ | 97,071 | |||||||||
Fixed charges | |||||||||||||||||
Interest expensed and capitalized | $ | 23,150 | $ | 14,494 | $ | 52,185 | $ | 45,291 | |||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 1,418 | 1,300 | 4,033 | 3,848 | |||||||||||||
Estimate of interest within rental expense | 25 | 15 | 57 | 45 | |||||||||||||
Fixed charges, as adjusted | 24,593 | 15,809 | 56,275 | 49,184 | |||||||||||||
Preferred stock dividends | 2,561 | 2,561 | 7,682 | 7,682 | |||||||||||||
Combined fixed charges and preferred stock dividends | $ | 27,154 | $ | 18,370 | $ | 63,957 | $ | 56,866 | |||||||||
Ratio of earnings to fixed charges | 1.61 | x | 2.61 | x | 1.97 | x | 1.97 | x | |||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.45 | x | 2.25 | x | 1.73 | x | 1.71 | x | |||||||||