Exhibit 12.1
Senior Housing Properties Trust
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
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| Year Ended December 31, |
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| 2005 |
| 2004 |
| 2003 |
| 2002 |
| 2001 |
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| (Restated) |
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Earnings |
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Net income |
| $ | 63,912 |
| $ | 56,742 |
| $ | 45,874 |
| $ | 50,184 |
| $ | 17,018 |
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Fixed charges |
| 46,633 |
| 41,836 |
| 37,899 |
| 30,210 |
| 7,334 |
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Adjusted earnings |
| $ | 110,545 |
| $ | 98,578 |
| $ | 83,773 |
| $ | 80,394 |
| $ | 24,352 |
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Fixed charges |
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Interest expense |
| $ | 46,633 |
| $ | 41,836 |
| $ | 37,899 |
| $ | 30,210 |
| $ | 7,334 |
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Ratio of earnings to fixed charges |
| 2.4 | x | 2.4 | x | 2.2 | x | 2.7 | x | 3.3 | x | |||||
