EX-12.1 4 ht-20171231xex12_1.htm EX-12.1 Hersha 2017 10-K Exhibit 121

Exhibit 12.1



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hersha Hospitality Trust

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

Year Ended December 31,



 

 

2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before income (loss) from equity investees

 

$

 96,435 

 

$

 118,392 

 

$

 38,101 

 

$

 66,558 

 

$

 16,988 

Interest expensed and amortized premiums, discounts and capitalized expenses related to indebtedness

 

 

 42,662 

 

 

 44,352 

 

 

 43,557 

 

 

 43,357 

 

 

 40,935 

Distributed income of equity investees

 

 

 700 

 

 

 1,574 

 

 

 1,446 

 

 

 1,262 

 

 

 568 



 

$

 139,797 

 

$

 164,318 

 

$

 83,104 

 

$

 111,177 

 

$

 58,491 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined Fixed Charges and Preferred Share Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and amortized premiums, discounts and capitalized expenses related to indebtedness

 

 

 42,662 

 

 

 44,352 

 

 

 43,557 

 

 

 43,357 

 

 

 40,935 

Interest capitalized

 

 

 76 

 

 

 -

 

 

 -

 

 

 458 

 

 

 1,320 

Preferred share distributions

 

 

 24,169 

 

 

 17,380 

 

 

 14,356 

 

 

 14,356 

 

 

 14,611 



 

$

 66,907 

 

$

 61,732 

 

$

 57,913 

 

$

 58,171 

 

$

 56,866 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred share dividends

 

 

2.09

 

 

2.66

 

 

1.43

 

 

1.91

 

 

1.03



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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