Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Braemar Hotels & Resorts Inc. | bhr2018q110-qxex322.htm |
| EX-32.1 - EXHIBIT 32.1 - Braemar Hotels & Resorts Inc. | bhr2018q110-qxex321.htm |
| EX-31.2 - EXHIBIT 31.2 - Braemar Hotels & Resorts Inc. | bhr2018q110-qxex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Braemar Hotels & Resorts Inc. | bhr2018q110-qxex311.htm |
| EX-3.11 - EXHIBIT 3.11 - Braemar Hotels & Resorts Inc. | bhr2018q110-qxex0311.htm |
| 10-Q - 10-Q - Braemar Hotels & Resorts Inc. | bhr2018q110-q.htm |
EXHIBIT 12
BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(dollars in thousands)
Three Months Ended | Year Ended December 31, | ||||||||||||||||||||||
March 31, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
Earnings | |||||||||||||||||||||||
Income (loss) from continuing operations before provision for income taxes and noncontrolling interests | $ | 4,842 | $ | 27,802 | $ | 25,894 | $ | (4,428 | ) | $ | 4,635 | $ | (15,585 | ) | |||||||||
Amount recorded for equity in (earnings) loss of unconsolidated entity | 3 | — | 2,587 | 2,927 | — | — | |||||||||||||||||
Add: | |||||||||||||||||||||||
Interest on indebtedness | 9,191 | 34,034 | 37,712 | 35,254 | 37,203 | 32,266 | |||||||||||||||||
Amortization of loan costs | 988 | 4,903 | 3,169 | 2,575 | 1,828 | 745 | |||||||||||||||||
Interest component of operating leases | 116 | 442 | 431 | 353 | 264 | 227 | |||||||||||||||||
$ | 15,140 | $ | 67,181 | $ | 69,793 | $ | 36,681 | $ | 43,930 | $ | 17,653 | ||||||||||||
Fixed charges | |||||||||||||||||||||||
Interest on indebtedness | $ | 9,191 | $ | 34,034 | $ | 37,712 | $ | 35,254 | $ | 37,203 | $ | 32,266 | |||||||||||
Amortization of loan costs | 988 | 4,903 | 3,169 | 2,575 | 1,828 | 745 | |||||||||||||||||
Interest component of operating leases | 116 | 442 | 431 | 353 | 264 | 227 | |||||||||||||||||
$ | 10,295 | $ | 39,379 | $ | 41,312 | $ | 38,182 | $ | 39,295 | $ | 33,238 | ||||||||||||
Preferred stock dividends | |||||||||||||||||||||||
Series A Preferred Stock | $ | — | $ | — | $ | — | $ | 1,867 | $ | — | $ | — | |||||||||||
Series B Preferred Stock | 1,707 | 6,795 | 3,860 | 119 | — | — | |||||||||||||||||
$ | 1,707 | $ | 6,795 | $ | 3,860 | $ | 1,986 | $ | — | $ | — | ||||||||||||
Combined fixed charges and preferred stock dividends | $ | 12,002 | $ | 46,174 | $ | 45,172 | $ | 40,168 | $ | 39,295 | $ | 33,238 | |||||||||||
Ratio of earnings to fixed charges | 1.47 | 1.71 | 1.69 | 1.12 | |||||||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.26 | 1.45 | 1.55 | 1.12 | |||||||||||||||||||
Deficit (Fixed charges) | $ | 1,501 | $ | 15,585 | |||||||||||||||||||
Deficit (Combined fixed charges and preferred stock dividends) | $ | 3,487 | $ | 15,585 | |||||||||||||||||||