Exhibit 12.1
SABRA HEALTH CARE REIT, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(dollars in thousands)
| Three Months Ended March 31, | ||||||||
| 2013 | 2012 | |||||||
Earnings | ||||||||
Pre-tax net income | $ | 9,557 | $ | 4,405 | ||||
Add: | ||||||||
Fixed charges | 10,010 | 7,705 | ||||||
|
|
|
| |||||
Earnings, as adjusted | $ | 19,567 | $ | 12,110 | ||||
|
|
|
| |||||
Fixed charges | ||||||||
Interest expensed and capitalized | $ | 9,435 | $ | 7,136 | ||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 567 | 562 | ||||||
Estimate of interest within rental expense | 8 | 7 | ||||||
|
|
|
| |||||
Fixed charges, as adjusted | 10,010 | 7,705 | ||||||
Preferred stock dividends (1) | 304 | — | ||||||
|
|
|
| |||||
Combined fixed charges and preferred stock dividends | $ | 10,314 | $ | 7,705 | ||||
|
|
|
| |||||
Ratio of earnings to fixed charges | 1.95x | 1.57x | ||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.90x | 1.57x | ||||||
|
|
|
| |||||
(1) The Company did not have any preferred stock outstanding for the three months ended March 31, 2012.