Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 CFO CERTIFICATION - Chatham Lodging Trust | cldt-ex312_20141231x10k.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - Chatham Lodging Trust | cldt-ex311_20141231x10k.htm |
| EX-21.1 - EXHIBIT 21.1 LIST OF SUBSIDIARIES - Chatham Lodging Trust | cldt-ex211_20141231listofs.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Chatham Lodging Trust | Financial_Report.xls |
| 10-K - 10-K 2014 - Chatham Lodging Trust | cldt-20141231x10k.htm |
| XML - IDEA: XBRL DOCUMENT - Chatham Lodging Trust | R9999.htm |
| EX-23.1 - EXHIBIT 23.1 PWC CONSENT - Chatham Lodging Trust | cldt-ex231_20141231consent.htm |
| EX-32.1 - EXHIBIT 32.1 SOX CERTIFICATION - Chatham Lodging Trust | cldt-ex321_20141231x10k.htm |
Exhibit 12.1 | ||||
Chatham Lodging Trust
Computation of Ratio of Earnings to Combined Charges and Preferred Share Dividend(1)
2014 | 2013 | 2012 | 2011(2) | 2010(3) | 2009(4) | |||||||
Calculation of Earnings | ||||||||||||
Pretax income (loss) from continuing operations | 67,186 | 3,106 | (1,375 | ) | (9,036 | ) | (1,200 | ) | — | |||
Plus: Fixed charges | 21,619 | 11,825 | 14,845 | 8,394 | 981 | — | ||||||
Plus: Amortization of capitalized interest | — | — | — | — | — | — | ||||||
Plus: Distributed income of equity investees | 2,053 | 13,939 | 21,202 | — | — | — | ||||||
Plus: Share of pre-tax losses of equity investees for which charges from guarantees are included in fixed charges | — | — | — | — | — | |||||||
Less: Interest capitalized | — | — | — | — | — | |||||||
Less: Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | |||||||
Less: Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges | — | — | — | — | — | |||||||
Total Earnings | 90,858 | 28,870 | 34,672 | (642 | ) | (219 | ) | — | ||||
Fixed Charges | ||||||||||||
Interest expense (including amortization of issuance costs) | 21,354 | 11,580 | 14,641 | 8,190 | 932 | — | ||||||
Preferred dividends | — | — | — | — | — | — | ||||||
Accruals for guarantees of other parties' obligations | — | — | — | — | — | — | ||||||
Estimated interest component of rental expense | 265 | 245 | 204 | 204 | 49 | — | ||||||
Total Combined Fixed Charges and Preferred Share Dividends | 21,619 | 11,825 | 14,845 | 8,394 | 981 | — | ||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends | 4.2 | 2.44 | 2.34 | — | — | — | ||||||
(1) | We have not issued preferred shares and, accordingly, no preferred share dividends were declared or paid for any of the periods presented. |
(2) | Earnings for the year ended December 31, 2011 were less than zero. As a result the coverage ratio was less than 1:1. The total fixed charges amount for that period were $8,394,000 and the total earnings amount was $(643,000). The amount of the deficiency, or additional earnings we would need to generate to achieve a coverage ratio of 1:1, was approximately $9,037,000. |
(3) | Earnings for the year ended December 31, 2010 were less than zero. As a result the coverage ratio was less than 1:1. The total fixed charges amount for that period were $981,000 and the total earnings amount was $(220,000). The amount of the deficiency, or additional earnings we would need to generate to achieve a coverage ratio of 1:1, was approximately $1,201,000. |
(4) | Earnings for the period from October 26, 2009 (the day that our operations commenced) through December 31, 2009 were less than zero. As a result the coverage ratio was less than 1:1. The total fixed charges amount for that period were $0 and the total earnings amount was $0. The amount of the deficiency, or additional earnings we would need to generate to achieve a coverage ratio of 1:1, was $0. |