EX-12.2 4 a14-9662_1ex12d2.htm EX-12.2

Exhibit 12.2

 

Hospitality Properties Trust

Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions

(in thousands, except ratio amounts)

 

 

 

Three 
Months 
Ended 
March 31,

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Pre-tax Income from Continuing Operations

 

$

38,263

 

$

127,750

 

$

153,219

 

$

191,803

 

$

21,990

 

$

198,671

 

Fixed Charges

 

35,368

 

145,954

 

136,111

 

134,110

 

138,712

 

143,410

 

Adjusted Earnings

 

$

73,631

 

$

273,704

 

$

289,330

 

$

325,913

 

$

160,702

 

$

342,081

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs and debt discounts

 

$

35,368

 

$

145,954

 

$

136,111

 

$

134,110

 

$

138,712

 

$

143,410

 

Preferred distributions

 

5,166

 

26,559

 

40,145

 

29,880

 

29,880

 

29,880

 

Combined Fixed Charges and preferred distributions

 

$

40,534

 

$

172,513

 

$

176,256

 

$

163,990

 

$

168,592

 

$

173,290

 

Ratio of Earnings to Fixed Charges and Preferred distributions

 

1.82x

 

1.59x

 

1.64x

 

1.99x

 

0.95x(1)

 

1.97x

 

 

(1)                                 The deficiency for this period was approximately $7,890.