Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS
Healthcare Trust of America, Inc.
| Three Months Ended March 31, 2014 | Year Ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||
Earnings(2) | ||||||||||||||||||||||||
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees | $ | 5,434 | $ | 24,684 | $ | (24,368 | ) | $ | 5,593 | $ | (7,919 | ) | $ | (24,773 | ) | |||||||||
Fixed charges | 13,655 | 53,865 | 46,745 | 42,245 | 36,308 | 29,353 | ||||||||||||||||||
Noncontrolling interest in pre-tax (income) loss of subsidiaries that have not incurred fixed charges | (142 | ) | (423 | ) | (56 | ) | (52 | ) | 16 | (304 | ) | |||||||||||||
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Earnings available for fixed charges | $ | 18,947 | $ | 78,126 | $ | 22,321 | $ | 47,786 | $ | 28,405 | $ | 4,276 | ||||||||||||
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Fixed charges(2) | ||||||||||||||||||||||||
Interest expense | $ | 12,341 | $ | 48,615 | $ | 41,599 | $ | 37,859 | $ | 32,906 | $ | 26,942 | ||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 908 | 3,801 | 3,727 | 3,177 | 2,589 | 2,161 | ||||||||||||||||||
Estimate of interest within rental expenses | 406 | 1,449 | 1,419 | 1,209 | 813 | 250 | ||||||||||||||||||
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Total fixed charges | $ | 13,655 | $ | 53,865 | $ | 46,745 | $ | 42,245 | $ | 36,308 | $ | 29,353 | ||||||||||||
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Ratio of earnings to fixed charges | 1.39 | 1.45 | (1 | ) | 1.13 | (1 | ) | (1 | ) | |||||||||||||||
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| (1) | The ratio of earnings to fixed charges was less than one-to-one for the years ended December 31, 2012, 2010 and 2009. The total fixed charges for those years were $46.7 million, $36.3 million and $29.4 million, respectively, and the total earnings were $22.3 million, $28.4 million and $4.3 million, respectively. The deficiency amounts, or the amounts of fixed charges in excess of earnings for those years were $24.4 million, $7.9 million and $25.1 million, respectively. |
| (2) | The results of operations of the property that was previously classified as held for sale have been reclassified out of discontinued operations for all periods presented. |
Healthcare Trust of America Holdings, LP
| Three Months Ended March 31, 2014 | Year Ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||
Earnings(2) | ||||||||||||||||||||||||
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees | $ | 5,434 | $ | 24,684 | $ | (24,368 | ) | $ | 5,593 | $ | (7,919 | ) | $ | (24,773 | ) | |||||||||
Fixed charges | 13,655 | 53,865 | 46,745 | 42,245 | 36,308 | 29,353 | ||||||||||||||||||
Noncontrolling interest in pre-tax (income) loss of subsidiaries that have not incurred fixed charges | (38 | ) | (51 | ) | (40 | ) | (30 | ) | 25 | (304 | ) | |||||||||||||
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Earnings available for fixed charges | $ | 19,051 | $ | 78,498 | $ | 22,337 | $ | 47,808 | $ | 28,414 | $ | 4,276 | ||||||||||||
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Fixed charges(2) | ||||||||||||||||||||||||
Interest expense | $ | 12,341 | $ | 48,615 | $ | 41,599 | $ | 37,859 | $ | 32,906 | $ | 26,942 | ||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 908 | 3,801 | 3,727 | 3,177 | 2,589 | 2,161 | ||||||||||||||||||
Estimate of interest within rental expenses | 406 | 1,449 | 1,419 | 1,209 | 813 | 250 | ||||||||||||||||||
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Total fixed charges | $ | 13,655 | $ | 53,865 | $ | 46,745 | $ | 42,245 | $ | 36,308 | $ | 29,353 | ||||||||||||
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Ratio of earnings to fixed charges | 1.40 | 1.46 | (1 | ) | 1.13 | (1 | ) | (1 | ) | |||||||||||||||
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| (1) | The ratio of earnings to fixed charges was less than one-to-one for the years ended December 31, 2012, 2010 and 2009. The total fixed charges for those years were $46.7 million, $36.3 million and $29.4 million, respectively, and the total earnings were $22.3 million, $28.4 million and $4.3 million, respectively. The deficiency amounts, or the amounts of fixed charges in excess of earnings for those years were $24.4 million, $7.9 million and $25.1 million, respectively. |
| (2) | The results of operations of the property that was previously classified as held for sale have been reclassified out of discontinued operations for all periods presented. |
