Ventas (VTR) 8-K Other Events

Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

	For the year ended December 31,
(dollars in thousands)	2009		2008		2007		2006		2005
Income before net loss on real estate disposals, reversal of contingent liability, income taxes, discontinued operations, noncontrolling interest and preferred stock dividends and issuance costs	$	194,266	$	137,525	$	109,097	$	116,232	$	113,040
Interest expense
Senior notes payable and other debt		176,990		202,624		194,752		125,737		90,831
Earnings	$	371,256	$	340,149	$	303,849	$	241,969	$	203,871
Interest
Senior notes payable and other debt expense	$	176,990	$	202,624	$	194,752	$	125,737	$	90,831
Interest capitalized		304		114		—		—		—
Preferred stock dividends		—		—		3,449		—		—
Fixed charges	$	177,294	$	202,738	$	198,201	$	125,737	$	90,831
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		2.09		1.68		1.53		1.92		2.24