EX-12.1 6 hpt_123117xexhibitx121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
 
Hospitality Properties Trust
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio amounts)
 
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
2012
Income from continuing operations (including gains on sales of properties, if any) before income tax benefit (expense) and equity in earnings (losses) of an investee
 
$
201,904

 
$
226,993

 
$
167,963

 
$
199,036

 
$
127,750

 
$
153,219

Fixed Charges
 
181,579

 
161,913

 
144,898

 
139,486

 
145,954

 
136,111

Adjusted Earnings
 
$
383,483

 
$
388,906

 
$
312,861

 
$
338,522

 
$
273,704

 
$
289,330

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 

 
 

 
 

 
 

 
 

Interest on indebtedness and amortization of debt issuance costs and debt discounts and premiums
 
$
181,579

 
$
161,913

 
$
144,898

 
$
139,486

 
$
145,954

 
$
136,111

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
2.11
x
 
2.40x

 
2.16x

 
2.43x

 
1.88x

 
2.13x