Diversified Healthcare Trust (DHC) 10-Q 2018 Q2 Quarterly report

Exhibit 12.1

Senior Housing Properties Trust

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

	Six Months Ended June 30,			Year Ended December 31,
	2018			2017			2016			2015			2014			2013
Earnings:
Income from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings of an investee	$362,707			$	151,649		$	141,582		$	125,474		$	162,141		$	183,997
Fixed charges	88,365			165,019			167,574			150,881			135,114			117,819
Adjusted earnings	$451,072			$	316,668		$	309,156		$	276,355		$	297,255		$	301,816
Fixed charges:
Interest expense (including net amortization of debt premiums and discounts and debt issuance costs)	$	88,365		$	165,019		$	167,574		$	150,881		$	135,114		$	117,819
Ratio of Earnings to Fixed Charges	5.1		x	1.9		x	1.8		x	1.8		x	2.2		x	2.6		x