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EXCEL - IDEA: XBRL DOCUMENT - OFFICE PROPERTIES INCOME TRUSTFinancial_Report.xls
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EX-31.4 - EX-31.4 - OFFICE PROPERTIES INCOME TRUSTgov-20150331ex314a55248.htm
EX-31.1 - EX-31.1 - OFFICE PROPERTIES INCOME TRUSTgov-20150331ex3119a3610.htm
EX-31.2 - EX-31.2 - OFFICE PROPERTIES INCOME TRUSTgov-20150331ex312c12a8e.htm
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Exhibit 12.1

GOVERNMENT PROPERTIES INCOME TRUST

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(IN THOUSANDS, EXCEPT RATIO AMOUNTS)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

Year Ended December 31,

 

 

2015

 

2014

 

2013

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

equity in earnings (losses) of investees

$

7,953 

 

$

42,243 

 

$

55,308 

 

$

48,903 

 

$

42,255 

 

$

24,018 

Distributions of earnings from equity investees

 

2,176 

 

 

17,046 

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Fixed charges

 

9,302 

 

 

28,048 

 

 

16,831 

 

 

16,892 

 

 

12,057 

 

 

7,351 

Adjusted Earnings

$

19,431 

 

$

87,337 

 

$

72,139 

 

$

65,795 

 

$

54,312 

 

$

31,369 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

finance costs and debt discounts

$

9,302 

 

$

28,048 

 

$

16,831 

 

$

16,892 

 

$

12,057 

 

$

7,351 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.1x

 

 

3.1x

 

 

4.3x

 

 

3.9x

 

 

4.5x

 

 

4.3x