EX-12.1 2 hpt-20160630ex121843802.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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months
Ended 
June 30,

 

Year Ended December 31,

 

 

    

2016

    

2015

    

2014

    

2013

    

2012

    

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings (losses) of an investee

 

$
110,553 

 

$
167,963 

 

$
199,036 

 

$
127,750 

 

$
153,219 

 

$
191,803 

 

Fixed Charges

 
83,284 

 
144,898 

 
139,486 

 
145,954 

 
136,111 

 
134,110 

 

Adjusted Earnings

 

$
193,837 

 

$
312,861 

 

$
338,522 

 

$
273,704 

 

$
289,330 

 

$
325,913 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of debt issuance costs and debt discounts

 

$
83,284 

 

$
144,898 

 

$
139,486 

 

$
145,954 

 

$
136,111 

 

$
134,110 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

2.33x

 

2.16x

 

2.43x

 

1.88x

 

2.13x

 

2.43x