Ventas (VTR) 10-Q 2012 Q2 Quarterly report

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Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES

(dollars in thousands)	For the six months ended June 30, 2012
Income before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest	$	94,950
Interest expense
Senior notes payable and other debt		144,056
Distributions from unconsolidated entities		4,015
Earnings	$	243,021
Interest
Senior notes payable and other debt expense	$	144,056
Interest capitalized		1,051
Fixed charges	$	145,107
Ratio of Earnings to Fixed Charges		1.67

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Exhibit 12.1