EX-12.1 4 hpt_093016xexhibitx121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
 
Hospitality Properties 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
 
2011
Income from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings (losses) of an investee
 
$
163,300

 
$
167,963

 
$
199,036

 
$
127,750

 
$
153,219

 
$
191,803

Fixed Charges
 
124,564

 
144,898

 
139,486

 
145,954

 
136,111

 
134,110

Adjusted Earnings
 
$
287,864

 
$
312,861

 
$
338,522

 
$
273,704

 
$
289,330

 
$
325,913

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 

 
 

 
 

 
 

 
 

 
 

Interest on indebtedness and amortization of debt issuance costs and debt discounts
 
$
124,564

 
$
144,898

 
$
139,486

 
$
145,954

 
$
136,111

 
$
134,110

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
2.31x

 
2.16x

 
2.43x

 
1.88x

 
2.13x

 
2.43x