Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - OFFICE PROPERTIES INCOME TRUST | gov_093017x10qxdocument.htm |
| EX-99.1 - EXHIBIT 99.1 - OFFICE PROPERTIES INCOME TRUST | gov_93017x10qex991.htm |
| EX-32.1 - EXHIBIT 32.1 - OFFICE PROPERTIES INCOME TRUST | gov_093017x10qex321.htm |
| EX-31.4 - EXHIBIT 31.4 - OFFICE PROPERTIES INCOME TRUST | gov_093017x10qex314.htm |
| EX-31.3 - EXHIBIT 31.3 - OFFICE PROPERTIES INCOME TRUST | gov_093017x10qex313.htm |
| EX-31.2 - EXHIBIT 31.2 - OFFICE PROPERTIES INCOME TRUST | gov_093017x10qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - OFFICE PROPERTIES INCOME TRUST | gov_093017x10qex311.htm |
| EX-10.1 - EXHIBIT 10.1 - OFFICE PROPERTIES INCOME TRUST | gov_93017x10qex101.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, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
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 | $ | 9,169 | $ | 22,936 | $ | (227,990 | ) | $ | 42,190 | $ | 55,308 | |||||||||
Distributions of earnings from equity investees | 18,062 | 32,425 | 21,882 | 17,046 | — | |||||||||||||||
Fixed charges | 43,927 | 45,164 | 37,008 | 28,048 | 16,831 | |||||||||||||||
Subtract: | ||||||||||||||||||||
Interest capitalized | (328 | ) | (52 | ) | — | — | — | |||||||||||||
Total earnings (loss) | $ | 70,830 | $ | 100,473 | $ | (169,100 | ) | $ | 87,284 | $ | 72,139 | |||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on indebtedness and net amortization of debt issuance costs and debt premiums and discounts | $ | 43,599 | $ | 45,112 | $ | 37,008 | 28,048 | 16,831 | ||||||||||||
Interest capitalized | 328 | 52 | — | — | — | |||||||||||||||
Total fixed charges | $ | 43,927 | $ | 45,164 | $ | 37,008 | $ | 28,048 | $ | 16,831 | ||||||||||
Ratio of adjusted earnings (loss) to fixed charges | 1.6x | 2.2x | (4.6x) | (1) | 3.1x | 4.3x | ||||||||||||||
(1) The deficiency for the year was approximately $206.1 million.