EX-12.1 4 a07-5518_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,

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

169,039

 

$

129,903

 

$

127,091

 

$

238,213

 

$

142,202

 

Fixed charges

 

81,451

 

65,263

 

50,393

 

44,536

 

42,424

 

Adjusted earnings

 

$

250,490

 

$

195,166

 

$

177,484

 

$

282,749

 

$

184,626

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs

 

$

81,451

 

$

65,263

 

$

50,393

 

$

44,536

 

$

42,424

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.08

x

2.99

x

3.52

x

6.35

x

4.35

x