EX-12.1 6 hpt_33118xexhibitx121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

Hospitality Properties Trust
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio amounts)

 
 
Three Months Ended March 31,
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
 
2015
 
2014
 
2013
Income from continuing operations (including gains on sales of properties, if any) before income tax benefit (expense) and equity in earnings of an investee
 
$
80,633

 
$
201,904

 
$
226,993

 
$
167,963

 
$
199,036

 
$
127,750

Fixed Charges
 
47,540

 
181,579

 
161,913

 
144,898

 
139,486

 
145,954

Adjusted Earnings
 
$
128,173

 
$
383,483

 
$
388,906

 
$
312,861

 
$
338,522

 
$
273,704

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest on indebtedness and amortization of debt issuance costs and debt discounts and premiums
 
$
47,540

 
$
181,579

 
$
161,913

 
$
144,898

 
$
139,486

 
$
145,954

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
2.70x

 
2.11x

 
2.40x

 
2.16x

 
2.43x

 
1.88x