EX-12.2 5 a12-19982_1ex12d2.htm EX-12.2

EXHIBIT 12.2

 

HOSPITALITY PROPERTIES TRUST

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DISTRIBUTIONS

(IN THOUSANDS, EXCEPT RATIO AMOUNTS)

 

 

 

Nine Months
Ended
September 30,

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

2009

 

2008

 

2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-Tax Income from Continuing Operations

 

$

129,064

 

$

191,803

 

$

21,990

 

$

198,403

 

$

126,181

 

$

222,415

 

Fixed Charges

 

101,660

 

134,110

 

138,712

 

143,410

 

156,844

 

148,110

 

Adjusted Earnings

 

$

230,724

 

$

325,913

 

$

160,702

 

$

341,813

 

$

283,025

 

$

370,525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs and debt discounts

 

$

101,660

 

$

134,110

 

$

138,712

 

$

143,410

 

$

156,844

 

$

148,110

 

Preferred distributions

 

32,048

 

29,880

 

29,880

 

29,880

 

29,880

 

26,769

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined Fixed Charges and Preferred distributions

 

$

133,708

 

$

163,990

 

$

168,592

 

$

173,290

 

$

186,724

 

$

174,879

 

Ratio of Earnings to Fixed Charges and Preferred distributions

 

1.73x

 

1.99x

 

0.95x

(1)

1.97x

 

1.52x

 

2.12x

 

 


(1)   The deficiency for this period was approximately $7,890.