EX-12.2 5 a07-5518_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,

 

 

 

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 and preferred distributions:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs

 

$

81,451

 

$

65,263

 

$

50,393

 

$

44,536

 

$

42,424

 

Preferred distributions

 

7,656

 

7,656

 

9,674

 

14,780

 

7,572

 

Total combined fixed charges
and preferred distributions

 

$

89,107

 

$

72,919

 

$

60,067

 

$

59,316

 

$

49,996

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined
fixed charges and preferred
distributions

 

2.81

x

2.68

x

2.95

x

4.77

x

3.69

x