Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - WELLTOWER INC. | exhibit3223q18.htm |
| EX-32.1 - EXHIBIT 32.1 - WELLTOWER INC. | exhibit3213q18.htm |
| EX-31.2 - EXHIBIT 31.2 - WELLTOWER INC. | exhibit3123q18.htm |
| EX-31.1 - EXHIBIT 31.1 - WELLTOWER INC. | exhibit3113q18.htm |
| EX-10.2 - EXHIBIT 10.2 - WELLTOWER INC. | exhibit1023q18.htm |
| EX-10.1 - EXHIBIT 10.1 - WELLTOWER INC. | exhibit1013q18.htm |
| 10-Q - 10-Q - WELLTOWER INC. | a3q1810-q.htm |
EXHIBIT 12 | |||||||||||||||||||||||||||||
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (UNAUDITED) | |||||||||||||||||||||||||||||
Year Ended December 31, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||
(dollars in thousands) | 2013 | 2014 | 2015 | 2016 | 2017 | 2017 | 2018 | ||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||||
Pretax income from continuing operations before adjustment for income or loss from equity investees(1) | $ | 102,245 | $ | 384,213 | $ | 636,117 | $ | 709,253 | $ | 299,616 | $ | 360,628 | $ | 339,398 | |||||||||||||||
Fixed charges | 460,918 | 485,762 | 498,253 | 536,607 | 487,752 | 359,613 | 381,027 | ||||||||||||||||||||||
Capitalized interest | (6,700 | ) | (7,150 | ) | (8,670 | ) | (16,943 | ) | (13,489 | ) | (10,033 | ) | (6,357 | ) | |||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 4,142 | 2,427 | 2,586 | 1,681 | 10,359 | 7,825 | 7,553 | ||||||||||||||||||||||
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | 6,770 | (147 | ) | (4,799 | ) | (4,267 | ) | (17,839 | ) | (7,735 | ) | (13,539 | ) | ||||||||||||||||
Earnings | $ | 567,375 | $ | 865,105 | $ | 1,123,487 | $ | 1,226,331 | $ | 766,399 | $ | 710,298 | $ | 708,082 | |||||||||||||||
Fixed charges: | |||||||||||||||||||||||||||||
Interest expense(1) | $ | 458,360 | $ | 481,039 | $ | 492,169 | $ | 521,345 | $ | 484,622 | $ | 357,405 | $ | 382,223 | |||||||||||||||
Capitalized interest | 6,700 | 7,150 | 8,670 | 16,943 | 13,489 | 10,033 | 6,357 | ||||||||||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | (4,142 | ) | (2,427 | ) | (2,586 | ) | (1,681 | ) | (10,359 | ) | (7,825 | ) | (7,553 | ) | |||||||||||||||
Fixed charges | $ | 460,918 | $ | 485,762 | $ | 498,253 | $ | 536,607 | $ | 487,752 | $ | 359,613 | $ | 381,027 | |||||||||||||||
Consolidated ratio of earnings to fixed charges | 1.23 | 1.78 | 2.25 | 2.29 | 1.57 | 1.98 | 1.86 | ||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||||
Pretax income from continuing operations before adjustment for income or loss from equity investees(1) | $ | 102,245 | $ | 384,213 | $ | 636,117 | $ | 709,253 | $ | 299,616 | $ | 360,628 | $ | 339,398 | |||||||||||||||
Fixed charges | 460,918 | 485,762 | 498,253 | 536,607 | 487,752 | 359,613 | 381,027 | ||||||||||||||||||||||
Capitalized interest | (6,700 | ) | (7,150 | ) | (8,670 | ) | (16,943 | ) | (13,489 | ) | (10,033 | ) | (6,357 | ) | |||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 4,142 | 2,427 | 2,586 | 1,681 | 10,359 | 7,825 | 7,553 | ||||||||||||||||||||||
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | 6,770 | (147 | ) | (4,799 | ) | (4,267 | ) | (17,839 | ) | (7,735 | ) | (13,539 | ) | ||||||||||||||||
Earnings | $ | 567,375 | $ | 865,105 | $ | 1,123,487 | $ | 1,226,331 | $ | 766,399 | $ | 710,298 | $ | 708,082 | |||||||||||||||
Fixed charges: | |||||||||||||||||||||||||||||
Interest expense(1) | $ | 458,360 | $ | 481,039 | $ | 492,169 | $ | 521,345 | $ | 484,622 | $ | 357,405 | $ | 382,223 | |||||||||||||||
Capitalized interest | 6,700 | 7,150 | 8,670 | 16,943 | 13,489 | 10,033 | 6,357 | ||||||||||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | (4,142 | ) | (2,427 | ) | (2,586 | ) | (1,681 | ) | (10,359 | ) | (7,825 | ) | 1 | (7,553 | ) | ||||||||||||||
Fixed charges | 460,918 | 485,762 | 498,253 | 536,607 | 487,752 | 359,613 | 381,027 | ||||||||||||||||||||||
Preferred stock dividends | 66,336 | 65,408 | 65,406 | 65,406 | 49,410 | 37,734 | 35,028 | ||||||||||||||||||||||
Combined fixed charges and preferred stock dividends | $ | 527,254 | $ | 551,170 | $ | 563,659 | $ | 602,013 | $ | 537,162 | $ | 397,347 | $ | 416,055 | |||||||||||||||
Consolidated ratio of earnings to combined fixed charges and preferred stock dividends | 1.08 | 1.57 | 1.99 | 2.04 | 1.43 | 1.79 | 1.70 | ||||||||||||||||||||||
(1) We have reclassified the income and expenses attributable to the properties sold prior to or held for sale at January 1, 2014 to discontinued operations. | |||||||||||||||||||||||||||||