EX-12.1 4 hpt-20141231ex12178739c.htm EX-12.1 Ex12-1

EXHIBIT 12.1

Hospitality Properties Trust

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratio amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

Pre-tax income from continuing operations before equity in earnings of investee

    

$
199,036 

    

$
127,750 

    

$
153,219 

    

$
191,803 

    

$
21,990 

 

Fixed Charges

 

 
139,486 

 

 
145,954 

 

 
136,111 

 

 
134,110 

 

 
138,712 

 

Adjusted Earnings

 

$
338,522 

 

$
273,704 

 

$
289,330 

 

$
325,913 

 

$
160,702 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$
139,486 

 

$
145,954 

 

$
136,111 

 

$
134,110 

 

$
138,712 

 

Ratio of Earnings to Fixed Charges

 

 

2.43x

 

 

1.88x

 

 

2.13x

 

 

2.43x

 

 

1.16x