EX-12.1 7 a05-1836_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,

 

 

 

2004

 

2003

 

2002

 

2001

 

2000

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

127,091

 

$

238,213

 

$

142,202

 

$

131,956

 

$

126,271

 

Fixed charges

 

50,393

 

44,536

 

42,424

 

41,312

 

37,682

 

Adjusted earnings

 

$

177,484

 

$

282,749

 

$

184,626

 

$

173,268

 

$

163,953

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs

 

$

50,393

 

$

44,536

 

$

42,424

 

$

41,312

 

$

37,682

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.52

 x

6.35

 x

4.35

 x

4.19

 x

4.35

 x