EX-12.1 4 a04-3280_1ex12d1.htm EX-12.1

EXHIBIT 12.1

 

Hospitality Properties Trust

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratio amounts)

 

 

 

Year Ended December 31,

 

 

 

2003

 

2002

 

2001

 

2000

 

1999

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

238,213

 

$

142,202

 

$

131,956

 

$

126,271

 

$

111,929

 

Fixed Charges

 

44,536

 

42,424

 

41,312

 

37,682

 

37,352

 

Adjusted Earnings

 

$

282,749

 

$

184,626

 

$

173,268

 

$

163,953

 

$

149,281

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs

 

$

44,536

 

$

42,424

 

$

41,312

 

$

37,682

 

$

37,352

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

6.35

x

4.35

x

4.19

x

4.35

x

4.00

x