Exhibit 12
Healthcare Realty Trust Incorporated
Statement Re: Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Unaudited)
| Nine Months Ended September 30, 2017 | Year Ended December 31, | ||||||||||||||
Pro-Forma (1) | Actual | 2016 | 2015 | 2014 | 2013 (2)(3) | 2012 (2)(4) | |||||||||
| Earnings | |||||||||||||||
| Consolidated pretax income (loss) from continuing operations | 72,372 | 60,247 | 85,756 | 58,836 | 33,979 | (13,092 | ) | (892 | ) | ||||||
| Fixed charges | 32,851 | 44,976 | 60,497 | 67,457 | 74,036 | 75,160 | 81,512 | ||||||||
| Capitalized interest | (681 | ) | (681 | ) | (1,258 | ) | (239 | ) | — | (183 | ) | (5,021 | ) | ||
| Total Earnings | 104,542 | 104,542 | 144,995 | 126,054 | 108,015 | 61,885 | 75,599 | ||||||||
| Fixed charges | |||||||||||||||
| Interest expense | 30,569 | 42,694 | 57,351 | 65,534 | 72,413 | 73,511 | 75,053 | ||||||||
| Estimated interest in rental expense | 1,601 | 1,601 | 1,888 | 1,684 | 1,623 | 1,466 | 1,438 | ||||||||
| Capitalized interest | 681 | 681 | 1,258 | 239 | — | 183 | 5,021 | ||||||||
| Total Fixed Charges | 32,851 | 44,976 | 60,497 | 67,457 | 74,036 | 75,160 | 81,512 | ||||||||
| Ratio of Earnings to Fixed Charges | 3.18 | x | 2.32 | x | 2.40 | x | 1.87 | x | 1.46 | x | 0.82 | x | 0.93 | x | |
_________
| (1) | The ratio of earnings to fixed charges for the nine months ended September 30, 2017 has been adjusted on a pro forma basis to give effect to the offer and sale of the notes offered hereby and the use of the net proceeds to redeem the senior notes due 2021. |
| (2) | The ratio of earnings to fixed charges for each of the years ended December 31, 2013 and 2012 has been restated to conform to the presentation for the year ended December 31, 2014. |
| (3) | For the year ended December 31, 2013, earnings from continuing operations were insufficient to cover fixed charges by $13.3 million. |
| (4) | For the year ended December 31, 2012, earnings from continuing operations were insufficient to cover fixed charges by $5.9 million. |