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.