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, |
| |||||||||||||||||
|
| 2006 |
| 2005 |
| 2005 |
| 2004 |
| 2003 |
| 2002 |
| 2001 |
| |||||||
|
| (Restated) |
|
|
| (Restated) |
|
|
|
|
|
|
|
|
| |||||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Net income |
| $ | 23,146 |
| $ | 28,889 |
| $ | 63,912 |
| $ | 56,742 |
| $ | 45,874 |
| $ | 50,184 |
| $ | 17,018 |
|
Fixed charges |
| 22,917 |
| 22,675 |
| 46,633 |
| 41,836 |
| 37,899 |
| 30,210 |
| 7,334 |
| |||||||
Adjusted earnings |
| $ | 46,063 |
| $ | 51,564 |
| $ | 110,545 |
| $ | 98,578 |
| $ | 83,773 |
| $ | 80,394 |
| $ | 24,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest expense |
| $ | 22,917 |
| $ | 22,675 |
| $ | 46,633 |
| $ | 41,836 |
| $ | 37,899 |
| $ | 30,210 |
| $ | 7,334 |
|
Ratio of earnings to fixed charges |
| 2.0x |
| 2.3x |
| 2.4x |
| 2.4x |
| 2.2x |
| 2.7x |
| 3.3x |
| |||||||
