Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
HEALTHCARE TRUST OF AMERICA, INC.
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Nine Months Ended
September 30, 2012 | | | Year Ended December 31, | |
| | | | 2011 | | | 2010 | | | 2009 | | | 2008 | | | 2007 | |
| (Dollars in thousands) | | | | | | | | | | | | | | | | | | |
Earnings (losses) | | | | | | | | | | | | | | | | | | | | | | | | |
Pre-tax (loss) income related to continuing operations before adjustment for income or loss from equity investees | | $ | (22,551 | ) | | $ | 5,593 | | | $ | (7,919 | ) | | $ | (24,773 | ) | | $ | (28,409 | ) | | $ | (7,674 | ) |
Fixed charges | | | 34,319 | | | | 42,245 | | | | 36,308 | | | | 29,353 | | | | 20,753 | | | | 5,023 | |
Noncontrolling interest in pre-tax (income) loss of subsidiaries that have not incurred fixed charges | | | (37 | ) | | | (52 | ) | | | 16 | | | | (304 | ) | | | (39 | ) | | | 8 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Earnings (losses) available for fixed charges | | $ | 11,731 | | | $ | 47,786 | | | $ | 28,405 | | | $ | 4,276 | | | $ | (7,695 | ) | | $ | (2,643 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Fixed charges | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense | | $ | 30,394 | | | $ | 37,859 | | | $ | 32,906 | | | $ | 26,942 | | | $ | 19,309 | | | $ | 4,846 | |
Amortized premiums, discounts or capitalized expenses related to indebtedness | | | 2,888 | | | | 3,177 | | | | 2,589 | | | | 2,161 | | | | 1,401 | | | | 177 | |
Estimate of interest within rental expenses | | | 1,037 | | | | 1,209 | | | | 813 | | | | 250 | | | | 43 | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total fixed charges | | $ | 34,319 | | | $ | 42,245 | | | $ | 36,308 | | | $ | 29,353 | | | $ | 20,753 | | | $ | 5,023 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges | | | (1 | ) | | | 1.13 | | | | (1 | ) | | | (1 | ) | | | (1 | ) | | | (1 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
| (1) | The ratio of earnings to fixed charges was less than one-to-one for the periods from January 1, 2012 to September 30, 2012, and the years ended December 31, 2007, 2008, 2009 and 2010. The total fixed charge amounts for those periods were $34.3 million, $5.0 million, $20.8 million, $29.4 million and $36.3 million, respectively, and the total earnings (losses) amounts were $11.7 million, $(2.6) million, $(7.7) million, $4.3 million, and $28.4 million, respectively. The deficiency amounts, or the amounts of fixed charges in excess of earnings, were approximately $22.6 million, $7.6 million, $28.5 million, $25.1 million and $7.9 million, respectively. |
