Attached files
| file | filename |
|---|---|
| EX-10.33 - EXHIBIT 10.33 - LaSalle Hotel Properties | lho-2016x1231x10kxex1033.htm |
| EX-32.1 - EXHIBIT 32.1 - LaSalle Hotel Properties | lho-2016x1231x10kxex321.htm |
| EX-31.2 - EXHIBIT 31.2 - LaSalle Hotel Properties | lho-2016x1231x10kxex312.htm |
| EX-31.1 - EXHIBIT 31.1 - LaSalle Hotel Properties | lho-2016x1231x10kxex311.htm |
| EX-23.1 - EXHIBIT 23.1 - LaSalle Hotel Properties | lho-2016x1231x10kxex231.htm |
| EX-21.1 - EXHIBIT 21.1 - LaSalle Hotel Properties | lho-2016x1231x10kxex211.htm |
| EX-10.31 - EXHIBIT 10.31 - LaSalle Hotel Properties | lho-2016x1231x10kxex1031.htm |
| 10-K - 10-K - LaSalle Hotel Properties | lho-10k2016.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, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Net income attributable to common shareholders | $ | 234,575 | $ | 123,383 | $ | 197,561 | $ | 70,984 | $ | 45,146 | ||||||||||
Income tax expense (benefit) | 5,784 | (1,292 | ) | 2,306 | 470 | 9,062 | ||||||||||||||
Noncontrolling interests | 354 | 277 | 652 | 320 | 281 | |||||||||||||||
Fixed charges | 49,569 | 61,425 | 64,404 | 61,871 | 56,129 | |||||||||||||||
Amortization of capitalized interest | 850 | 755 | 690 | 683 | 840 | |||||||||||||||
Capitalized interest | (398 | ) | (902 | ) | (400 | ) | (649 | ) | (370 | ) | ||||||||||
Earnings | $ | 290,734 | $ | 183,646 | $ | 265,213 | $ | 133,679 | $ | 111,088 | ||||||||||
Fixed Charges | ||||||||||||||||||||
Interest | $ | 40,416 | $ | 51,702 | $ | 54,459 | $ | 55,263 | $ | 50,981 | ||||||||||
Loss on extinguishment of debt | 0 | 831 | 2,487 | 0 | 0 | |||||||||||||||
Capitalized interest | 398 | 902 | 400 | 649 | 370 | |||||||||||||||
Amort. of discounts and capitalized cost related to indebtedness | 3,359 | 2,631 | 2,169 | 2,253 | 1,915 | |||||||||||||||
Estimate of interest within rental expense | 5,396 | 5,359 | 4,889 | 3,706 | 2,863 | |||||||||||||||
Total fixed charges | $ | 49,569 | $ | 61,425 | $ | 64,404 | $ | 61,871 | $ | 56,129 | ||||||||||
Ratio of earnings to fixed charges | 5.87 | 2.99 | 4.12 | 2.16 | 1.98 | |||||||||||||||
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, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Net income attributable to common shareholders | $ | 234,575 | $ | 123,383 | $ | 197,561 | $ | 70,984 | $ | 45,146 | ||||||||||
Income tax expense (benefit) | 5,784 | (1,292 | ) | 2,306 | 470 | 9,062 | ||||||||||||||
Noncontrolling interests | 354 | 277 | 652 | 320 | 281 | |||||||||||||||
Fixed charges | 67,775 | 73,594 | 78,737 | 79,256 | 77,862 | |||||||||||||||
Amortization of capitalized interest | 850 | 755 | 690 | 683 | 840 | |||||||||||||||
Capitalized interest | (398 | ) | (902 | ) | (400 | ) | (649 | ) | (370 | ) | ||||||||||
Earnings | $ | 308,940 | $ | 195,815 | $ | 279,546 | $ | 151,064 | $ | 132,821 | ||||||||||
Fixed Charges | ||||||||||||||||||||
Interest | $ | 40,416 | $ | 51,702 | $ | 54,459 | $ | 55,263 | $ | 50,981 | ||||||||||
Loss on extinguishment of debt | 0 | 831 | 2,487 | 0 | 0 | |||||||||||||||
Capitalized interest | 398 | 902 | 400 | 649 | 370 | |||||||||||||||
Amort. of discounts and capitalized cost related to indebtedness | 3,359 | 2,631 | 2,169 | 2,253 | 1,915 | |||||||||||||||
Estimate of interest within rental expense | 5,396 | 5,359 | 4,889 | 3,706 | 2,863 | |||||||||||||||
Preference security dividends | 18,206 | 12,169 | 14,333 | 17,385 | 21,733 | |||||||||||||||
Total fixed charges and preference security dividends | $ | 67,775 | $ | 73,594 | $ | 78,737 | $ | 79,256 | $ | 77,862 | ||||||||||
Ratio of earnings to combined fixed charges and preferred share dividends | 4.56 | 2.66 | 3.55 | 1.91 | 1.71 | |||||||||||||||