Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - LaSalle Hotel Properties | d10k.htm |
| EX-21 - EXHIBIT 21 - LaSalle Hotel Properties | dex21.htm |
| EX-23 - EXHIBIT 23 - LaSalle Hotel Properties | dex23.htm |
| EX-32.1 - EXHIBIT 32.1 - LaSalle Hotel Properties | dex321.htm |
| EX-31.2 - EXHIBIT 31.2 - LaSalle Hotel Properties | dex312.htm |
| EX-31.1 - EXHIBIT 31.1 - LaSalle Hotel Properties | dex311.htm |
| EX-10.25 - EXHIBIT 10.25 - LaSalle Hotel Properties | dex1025.htm |
| EX-10.26 - EXHIBIT 10.26 - LaSalle Hotel Properties | dex1026.htm |
| EX-10.24 - EXHIBIT 10.24 - LaSalle Hotel Properties | dex1024.htm |
| EX-10.20 - EXHIBIT 10.20 - LaSalle Hotel Properties | dex1020.htm |
Exhibit 12.1
LaSalle Hotel Properties
Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Share Dividends
(Dollars in thousands, except ratio data)
(unaudited)
| For the year ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
| (A) | ||||||||||||||||||||
| Net (loss) income attributable to common shareholders |
$ | (18,770 | ) | $ | 10,630 | $ | 61,543 | $ | 73,456 | $ | 20,767 | |||||||||
| Discontinued operations |
— | — | (30,533 | ) | (3,694 | ) | (3,066 | ) | ||||||||||||
| Income tax expense (benefit) |
4,257 | (1,316 | ) | 3,075 | (277 | ) | (1,979 | ) | ||||||||||||
| Noncontrolling interests |
352 | 5,239 | 6,369 | 4,627 | 1,719 | |||||||||||||||
| Equity in earnings of unconsolidated entities |
— | — | (27 | ) | (38,420 | ) | (753 | ) | ||||||||||||
| Fixed charges |
65,047 | 74,235 | 74,804 | 70,601 | 40,158 | |||||||||||||||
| Amortization of capitalized interest |
743 | 576 | 205 | 349 | 405 | |||||||||||||||
| Distributions from unconsolidated entities |
3 | 25 | 27 | 39,398 | 1,116 | |||||||||||||||
| Capitalized interest |
(703 | ) | (3,525 | ) | (4,171 | ) | (2,589 | ) | (1,178 | ) | ||||||||||
| Earnings |
$ | 50,929 | $ | 85,864 | $ | 111,292 | $ | 143,451 | $ | 57,189 | ||||||||||
| Fixed Charges |
||||||||||||||||||||
| Interest |
$ | 36,961 | $ | 46,865 | $ | 44,911 | $ | 39,849 | $ | 21,811 | ||||||||||
| Capitalized interest |
703 | 3,525 | 4,171 | 2,589 | 1,178 | |||||||||||||||
| Amort. of discounts and capitalized cost related to indebtness |
995 | 1,348 | 1,378 | 2,559 | 2,540 | |||||||||||||||
| Preference security dividends |
26,388 | 22,497 | 24,344 | 25,604 | 14,629 | |||||||||||||||
| Total fixed charges and preference security dividends |
$ | 65,047 | $ | 74,235 | $ | 74,804 | $ | 70,601 | $ | 40,158 | ||||||||||
| Ratio of earnings to combined fixed charges and preferred share dividends |
0.78 | 1.16 | 1.49 | 2.03 | 1.42 | |||||||||||||||
| (A) | The shortfall of earnings to combined fixed charges and preferred share dividends for the year ended December 31, 2009 was approximately $14,118. |