Attached files
Hospitality Properties Trust
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Distributions
(in thousands, except ratio amounts)
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Year Ended December 31, |
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2015 |
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2014 |
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2013 |
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2012 |
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2011 |
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Income from continuing operations (including gains on sales of properties, if any) before income tax expense equity in earnings (losses) of investee |
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$ |
167,963 |
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$ |
199,036 |
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$ |
127,750 |
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$ |
153,219 |
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$ |
191,803 |
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Fixed Charges |
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144,898 |
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139,486 |
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145,954 |
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136,111 |
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134,110 |
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Adjusted Earnings |
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$ |
312,861 |
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$ |
338,522 |
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$ |
273,704 |
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$ |
289,330 |
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$ |
325,913 |
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Fixed Charges: |
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Interest on indebtedness and amortization of deferred finance costs and debt discounts |
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$ |
144,898 |
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$ |
139,486 |
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$ |
145,954 |
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$ |
136,111 |
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$ |
134,110 |
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Preferred distributions |
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20,664 |
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20,664 |
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26,559 |
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40,145 |
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29,880 |
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Combined Fixed Charges and preferred distributions |
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$ |
165,562 |
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$ |
160,150 |
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$ |
172,513 |
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$ |
176,256 |
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$ |
163,990 |
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Ratio of Earnings to Fixed Charges and Preferred distributions |
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1.89x |
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2.11x |
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1.59x |
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1.64x |
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1.99x |
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