Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Healthcare Trust of America, Inc.
|
| | | | | | | | | | | | | | | | | | | |
| | Year Ended December 31, |
| (Dollars in thousands) | 2013 | | 2012 | | 2011 | | 2010 | | 2009 |
| Earnings (losses) | | | | | | | | | |
| Pretax income (loss) related to continuing operations before adjustments for income or loss from equity investees | $ | 23,577 |
| | $ | (24,936 | ) | | $ | 5,173 |
| | $ | (8,108 | ) | | $ | (24,614 | ) |
| Fixed charges | 53,704 |
| | 46,231 |
| | 41,672 |
| | 35,498 |
| | 27,949 |
|
| Noncontrolling interest in pre-tax (income) loss of subsidiaries that have not incurred fixed charges | (423 | ) | | (56 | ) | | (52 | ) | | 16 |
| | (304 | ) |
| Earnings (losses) available for fixed charges | $ | 76,858 |
| | $ | 21,239 |
| | $ | 46,793 |
| | $ | 27,406 |
| | $ | 3,031 |
|
| | | | | | | | | | |
| Fixed Charges | | | | | | | | | |
| Interest expense | $ | 48,508 |
| | $ | 41,139 |
| | $ | 37,374 |
| | $ | 32,172 |
| | $ | 25,614 |
|
| Amortized premiums, discounts or capitalized expense related to indebtedness | 3,747 |
| | 3,673 |
| | 3,089 |
| | 2,513 |
| | 2,085 |
|
| Estimate of interest within rental expenses | 1,449 |
| | 1,419 |
| | 1,209 |
| | 813 |
| | 250 |
|
| Total fixed charges | $ | 53,704 |
| | $ | 46,231 |
| | $ | 41,672 |
| | $ | 35,498 |
| | $ | 27,949 |
|
| | | | | | | | | | |
| Ratio of earnings to fixed charges | 1.43 |
| | (1 | ) | | 1.12 |
| | (1) |
| | (1 | ) |
(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 $46.2 million, $35.5 million and $27.9 million, respectively, and the total earnings were $21.2 million, $27.4 million and $3.0 million, respectively. The deficiency amounts or the amounts of fixed charges in excess of earnings for those years were $25.0 million, $8.1 million and $24.9 million, respectively.
Healthcare Trust of America Holdings, LP
|
| | | | | | | | | | | | | | | | | | | |
| | Year Ended December 31, |
| (Dollars in thousands) | 2013 | | 2012 | | 2011 | | 2010 | | 2009 |
| Earnings (losses) | | | | | | | | | |
| Pretax income (loss) related to continuing operations before adjustments for income or loss from equity investees | $ | 23,577 |
| | $ | (24,936 | ) | | $ | 5,173 |
| | $ | (8,108 | ) | | $ | (24,614 | ) |
| Fixed charges | 53,704 |
| | 46,231 |
| | 41,672 |
| | 35,498 |
| | 27,949 |
|
| Noncontrolling interest in pre-tax (income) loss of subsidiaries that have not incurred fixed charges | (51 | ) | | (40 | ) | | (30 | ) | | 25 |
| | (304 | ) |
| Earnings (losses) available for fixed charges | $ | 77,230 |
| | $ | 21,255 |
| | $ | 46,815 |
| | $ | 27,415 |
| | $ | 3,031 |
|
| | | | | | | | | | |
| Fixed Charges | | | | | | | | | |
| Interest expense | $ | 48,508 |
| | $ | 41,139 |
| | $ | 37,374 |
| | $ | 32,172 |
| | $ | 25,614 |
|
| Amortized premiums, discounts or capitalized expense related to indebtedness | 3,747 |
| | 3,673 |
| | 3,089 |
| | 2,513 |
| | 2,085 |
|
| Estimate of interest within rental expenses | 1,449 |
| | 1,419 |
| | 1,209 |
| | 813 |
| | 250 |
|
| Total fixed charges | $ | 53,704 |
| | $ | 46,231 |
| | $ | 41,672 |
| | $ | 35,498 |
| | $ | 27,949 |
|
| | | | | | | | | | |
| Ratio of earnings to fixed charges | 1.44 |
| | (1 | ) | | 1.12 |
| | (1) |
| | (1 | ) |
(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 $46.2 million, $35.5 million and $27.9 million, respectively, and the total earnings were $21.3 million, $27.4 million and $3.0 million, respectively. The deficiency amounts or the amounts of fixed charges in excess of earnings for those years were $24.9 million, $8.1 million and $24.9 million, respectively.
