EX-12.2 5 a04-3280_1ex12d2.htm EX-12.2

EXHIBIT 12.2

 

Hospitality Properties Trust

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Distributions

(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 and Preferred Distributions:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs

 

$

44,536

 

$

42,424

 

$

41,312

 

$

37,682

 

$

37,352

 

Preferred distributions

 

14,780

 

7,572

 

7,125

 

7,125

 

5,106

 

Total Combined Fixed Charges And Preferred Distributions

 

$

59,316

 

$

49,996

 

$

48,437

 

$

44,807

 

$

42,458

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Combined Fixed Charges and Preferred Distributions

 

4.77

x

3.69

x

3.58

x

3.66

x

3.52

x