Attached files
| file | filename |
|---|---|
| 8-K - HERSHA HOSPITALITY TRUST 8-K 8-17-2010 - HERSHA HOSPITALITY TRUST | form8k.htm |
| EX-23.1 - EXHIBIT 23.1 - HERSHA HOSPITALITY TRUST | ex23_1.htm |
| EX-99.1 - EXHIBIT 99.1 - HERSHA HOSPITALITY TRUST | ex99_1.htm |
| EX-99.2 - EXHIBIT 99.2 - HERSHA HOSPITALITY TRUST | ex99_2.htm |
| EX-99.3 - EXHIBIT 99.3 - HERSHA HOSPITALITY TRUST | ex99_3.htm |
Exhibit 99.4
Hersha Hospitality Trust
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends
(dollars in thousands)
|
Year Ended December 31,
|
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|
2009
|
2008
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2007
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2006
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2005
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Earnings
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Pre-tax (loss) income from continuing operations before income (loss) from equity investees
|
$ | (35,316 | ) | $ | (13,735 | ) | $ | 11,086 | $ | 1,837 | $ | 3,102 | ||||||||
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Interest expensed and amortized premiums, discounts and capitalized expenses related to indebtedness
|
43,359 | 41,139 | 40,085 | 23,348 | 10,532 | |||||||||||||||
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Distributed income of equity investees
|
400 | 3,036 | 4,501 | 4,578 | 838 | |||||||||||||||
| $ | 8,443 | $ | 30,440 | $ | 55,672 | $ | 29,763 | $ | 14,472 | |||||||||||
|
Combined Fixed Charges and Preferred Share Dividends
|
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Interest expensed and amortized premiums, discounts and capitalized expenses related to indebtedness
|
$ | 43,359 | $ | 41,139 | $ | 40,085 | $ | 23,348 | $ | 10,532 | ||||||||||
|
Interest capitalized
|
10 | 544 | 389 | - | - | |||||||||||||||
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Preferred share distributions
|
4,800 | 4,800 | 4,800 | 4,800 | 1,920 | |||||||||||||||
| $ | 48,169 | $ | 46,483 | $ | 45,274 | $ | 28,148 | $ | 12,452 | |||||||||||
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Ratio of earnings to combined fixed charges and preferred share dividends
|
* | * | 1.23 | 1.06 | 1.16 | |||||||||||||||
* For the year ended December 31, 2009, combined fixed charges and preferred share dividends exceeded earnings by approximately $39,726. For the year ended December 31, 2008, combined fixed charges and preferred share dividends exceeded earnings by approximately $16,043.
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