EX-12.2 8 a05-1836_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,

 

 

 

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 and preferred distributions:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs

 

$

50,393

 

$

44,536

 

$

42,424

 

$

41,312

 

$

37,382

 

Preferred distributions

 

9,674

 

14,780

 

7,572

 

7,125

 

7,125

 

Total combined fixed charges and preferred distributions

 

$

60,067

 

$

59,316

 

$

49,996

 

$

48,437

 

$

44,807

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred distributions

 

2.95

x 

4.77

x 

3.69

x 

3.58

x 

3.66

x