Attached files
| file | filename |
|---|---|
| 10-K - 10-K - LaSalle Hotel Properties | lho-10k2015.htm |
| EX-21.1 - EXHIBIT 21.1 - LaSalle Hotel Properties | lho-2015x1231x10kxex211.htm |
| EX-23.1 - EXHIBIT 23.1 - LaSalle Hotel Properties | lho-2015x1231x10kxex231.htm |
| EX-31.1 - EXHIBIT 31.1 - LaSalle Hotel Properties | lho-2015x1231x10kxex311.htm |
| EX-31.2 - EXHIBIT 31.2 - LaSalle Hotel Properties | lho-2015x1231x10kxex312.htm |
| EX-32.1 - EXHIBIT 32.1 - LaSalle Hotel Properties | lho-2015x1231x10kxex321.htm |
| EX-10.33 - EXHIBIT 10.33 - LaSalle Hotel Properties | lho-2015x1231x10kxex1033.htm |
| EX-10.31 - EXHIBIT 10.31 - LaSalle Hotel Properties | lho-2015x1231x10kxex1031.htm |
Exhibit 12.1
LaSalle Hotel Properties
Computation of Ratios of Earnings to Fixed Charges
(in thousands, except ratio data)
(unaudited)
For the year ended December 31, | ||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Net income attributable to common shareholders | $ | 123,383 | $ | 197,561 | $ | 70,984 | $ | 45,146 | $ | 12,934 | ||||||||||
Discontinued operations | 0 | 0 | 0 | 0 | (796 | ) | ||||||||||||||
Income tax (benefit) expense | (1,292 | ) | 2,306 | 470 | 9,062 | 7,048 | ||||||||||||||
Noncontrolling interests | 277 | 652 | 320 | 281 | (1 | ) | ||||||||||||||
Fixed charges | 56,066 | 59,515 | 58,165 | 53,266 | 40,163 | |||||||||||||||
Amortization of capitalized interest | 755 | 690 | 683 | 840 | 792 | |||||||||||||||
Capitalized interest | (902 | ) | (400 | ) | (649 | ) | (370 | ) | (459 | ) | ||||||||||
Earnings | $ | 178,287 | $ | 260,324 | $ | 129,973 | $ | 108,225 | $ | 59,681 | ||||||||||
Fixed Charges | ||||||||||||||||||||
Interest | $ | 51,702 | $ | 54,459 | $ | 55,263 | $ | 50,981 | $ | 38,737 | ||||||||||
Loss on extinguishment of debt | 831 | 2,487 | 0 | 0 | 0 | |||||||||||||||
Capitalized interest | 902 | 400 | 649 | 370 | 459 | |||||||||||||||
Amort. of discounts and capitalized cost related to indebtness | 2,631 | 2,169 | 2,253 | 1,915 | 967 | |||||||||||||||
Total fixed charges | $ | 56,066 | $ | 59,515 | $ | 58,165 | $ | 53,266 | $ | 40,163 | ||||||||||
Ratio of earnings to fixed charges | 3.18 | 4.37 | 2.23 | 2.03 | 1.49 | |||||||||||||||
LaSalle Hotel Properties
Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Share Dividends
(in thousands, except ratio data)
(unaudited)
For the year ended December 31, | ||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Net income attributable to common shareholders | $ | 123,383 | $ | 197,561 | $ | 70,984 | $ | 45,146 | $ | 12,934 | ||||||||||
Discontinued operations | 0 | 0 | 0 | 0 | (796 | ) | ||||||||||||||
Income tax (benefit) expense | (1,292 | ) | 2,306 | 470 | 9,062 | 7,048 | ||||||||||||||
Noncontrolling interests | 277 | 652 | 320 | 281 | (1 | ) | ||||||||||||||
Fixed charges | 68,235 | 73,848 | 75,550 | 74,999 | 70,115 | |||||||||||||||
Amortization of capitalized interest | 755 | 690 | 683 | 840 | 792 | |||||||||||||||
Capitalized interest | (902 | ) | (400 | ) | (649 | ) | (370 | ) | (459 | ) | ||||||||||
Earnings | $ | 190,456 | $ | 274,657 | $ | 147,358 | $ | 129,958 | $ | 89,633 | ||||||||||
Fixed Charges | ||||||||||||||||||||
Interest | $ | 51,702 | $ | 54,459 | $ | 55,263 | $ | 50,981 | $ | 38,737 | ||||||||||
Loss on extinguishment of debt | 831 | 2,487 | 0 | 0 | 0 | |||||||||||||||
Capitalized interest | 902 | 400 | 649 | 370 | 459 | |||||||||||||||
Amort. of discounts and capitalized cost related to indebtness | 2,631 | 2,169 | 2,253 | 1,915 | 967 | |||||||||||||||
Preference security dividends | 12,169 | 14,333 | 17,385 | 21,733 | 29,952 | |||||||||||||||
Total fixed charges and preference security dividends | $ | 68,235 | $ | 73,848 | $ | 75,550 | $ | 74,999 | $ | 70,115 | ||||||||||
Ratio of earnings to combined fixed charges and preferred share dividends | 2.79 | 3.72 | 1.95 | 1.73 | 1.28 | |||||||||||||||