Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - OFFICE PROPERTIES INCOME TRUST | gov_093016xexhibitx311.htm |
| 10-Q - 10-Q - OFFICE PROPERTIES INCOME TRUST | gov_093016x10qxdocument.htm |
| EX-32.1 - EXHIBIT 32.1 - OFFICE PROPERTIES INCOME TRUST | gov_093016xexhibitx321.htm |
| EX-31.4 - EXHIBIT 31.4 - OFFICE PROPERTIES INCOME TRUST | gov_093016xexhibitx314.htm |
| EX-31.3 - EXHIBIT 31.3 - OFFICE PROPERTIES INCOME TRUST | gov_093016xexhibitx313.htm |
| EX-31.2 - EXHIBIT 31.2 - OFFICE PROPERTIES INCOME TRUST | gov_093016xexhibitx312.htm |
| EX-10.1 - EXHIBIT 10.1 - OFFICE PROPERTIES INCOME TRUST | gov_093016xexhibitx101.htm |
Exhibit 12.1
GOVERNMENT PROPERTIES INCOME TRUST
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIO AMOUNTS)
Nine Months Ended September 30, | Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Add: | ||||||||||||||||||||
Income (loss) from continuing operations (including gain on sale of properties, if any) before income tax expense and equity in earnings (losses) of investees | $ | 18,268 | $ | (227,990 | ) | $ | 42,190 | $ | 55,308 | $ | 48,903 | |||||||||
Distributions of earnings from equity investees | 25,676 | 21,882 | 17,046 | — | — | |||||||||||||||
Fixed charges | 32,312 | 37,008 | 28,048 | 16,831 | 16,892 | |||||||||||||||
Subtract: | ||||||||||||||||||||
Interest capitalized | (26 | ) | — | — | — | — | ||||||||||||||
Total earnings (loss) | $ | 76,230 | $ | (169,100 | ) | $ | 87,284 | $ | 72,139 | $ | 65,795 | |||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on indebtedness and net amortization of debt issuance costs and debt premiums and discounts | $ | 32,286 | $ | 37,008 | $ | 28,048 | 16,831 | 16,892 | ||||||||||||
Interest capitalized | 26 | — | — | — | — | |||||||||||||||
Total fixed charges | $ | 32,312 | $ | 37,008 | $ | 28,048 | $ | 16,831 | $ | 16,892 | ||||||||||
Ratio of adjusted earnings (loss) to fixed charges | 2.4x | (4.6x) | (1) | 3.1x | 4.3x | 3.9x | ||||||||||||||
(1) The deficiency for the year ended December 31, 2015 was approximately $206.1 million.