Exhibit 12.1
AVIV REIT, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Year Ended December 31, | Three Months Ended March 31, | ||||||||||||||||||||||||||||
2006 | 2007 | 2008 | 2009 | 2010 | 2010 | 2011 | |||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||||
Net income | 12,787,504 | 16,398,464 | 16,874,193 | 33,680,631 | 37,982,720 | 11,629,086 | 1,180,721 | ||||||||||||||||||||||
Add: | |||||||||||||||||||||||||||||
Fixed Charges | 18,294,431 | 24,693,818 | 26,869,721 | 27,373,757 | 23,787,960 | 6,004,611 | 8,286,991 | ||||||||||||||||||||||
Earnings, as adjusted (A) | 31,081,935 | 41,092,282 | 43,743,914 | 61,054,388 | 61,770,680 | 17,633,697 | 9,467,712 | ||||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||||||||
Interest expensed and capitalized | 15,941,839 | 24,254,399 | 26,333,101 | 26,823,430 | 22,779,901 | 5,865,316 | 7,607,996 | ||||||||||||||||||||||
Amortized premiums discounts and capitalized expenses related to indebtedness | 2,352,592 | 439,419 | 536,620 | 550,327 | 1,008,059 | 139,295 | 678,995 | ||||||||||||||||||||||
Preferred stock dividend | 1,217,610 | 6,553,686 | 8,842,980 | 14,569,875 | 17,371,893 | — | — | ||||||||||||||||||||||
Fixed charges, as adjusted (B) | 19,512,041 | 31,247,504 | 35,712,701 | 41,943,632 | 41,159,853 | 6,004,611 | 8,286,991 | ||||||||||||||||||||||
Ratio of earnings to fixed charges ((A) divided by (B)): | 1.70 | x | 1.66 | x | 1.63 | x | 2.23 | x | 2.60 | x | 2.94 | 1.14 | |||||||||||||||||