EXHIBIT 12.2
HOSPITALITY PROPERTIES TRUST
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DISTRIBUTIONS
(IN THOUSANDS, EXCEPT RATIO AMOUNTS)
|
|
Six |
|
Year Ended December 31, |
| ||||||||||||||
|
|
2014 |
|
2013 |
|
2012 |
|
2011 |
|
2010 |
|
2009 |
| ||||||
Pre-tax income from continuing operations before equity in earnings of an investee |
|
$ |
92,378 |
|
$ |
127,750 |
|
$ |
153,219 |
|
$ |
191,803 |
|
$ |
21,990 |
|
$ |
198,671 |
|
Fixed charges |
|
70,309 |
|
145,954 |
|
136,111 |
|
134,110 |
|
138,712 |
|
143,410 |
| ||||||
Adjusted earnings |
|
$ |
162,687 |
|
$ |
273,704 |
|
$ |
289,330 |
|
$ |
325,913 |
|
$ |
160,702 |
|
$ |
342,081 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Interest on indebtedness and amortization of deferred finance costs and debt discounts |
|
$ |
70,309 |
|
$ |
145,954 |
|
$ |
136,111 |
|
$ |
134,110 |
|
$ |
138,712 |
|
$ |
143,410 |
|
Preferred distributions |
|
5,166 |
|
26,559 |
|
40,145 |
|
29,880 |
|
29,880 |
|
29,880 |
| ||||||
Combined fixed charges and preferred distributions |
|
$ |
75,475 |
|
$ |
172,513 |
|
$ |
176,256 |
|
$ |
163,990 |
|
$ |
168,592 |
|
$ |
173,290 |
|
Ratio of earnings to fixed charges and preferred distributions |
|
2.16x |
|
1.59x |
|
1.64x |
|
1.99x |
|
0.95x |
(1) |
1.97x |
|
(1) The deficiency for this period was approximately $7,890.