Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Chesapeake Lodging Trust | d377974d8k.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - Chesapeake Lodging Trust | d377974dex11.htm |
| EX-3.1 - ARTICLES SUPPLEMENTARY RELATING TO THE SERIES A PREFERRED SHARES - Chesapeake Lodging Trust | d377974dex31.htm |
| EX-5.1 - OPINION OF HOGAN LOVELLS US LLP - Chesapeake Lodging Trust | d377974dex51.htm |
| EX-10.1 - AMENDMENT NO. 1 TO THE LIMITED PARTNERSHIP AGREEMENT - Chesapeake Lodging Trust | d377974dex101.htm |
| EX-8.1 - OPINION OF HOGAN LOVELLS US LLP REGARDING CERTAIN TAX MATTERS - Chesapeake Lodging Trust | d377974dex81.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Share Dividends
The following table sets forth our ratio of earnings to combined fixed charges and preferred share dividends for the periods shown (in thousands, except ratio amount):
| Three Months Ended |
Year Ended December 31, | |||||||||||
| March 31, 2012 | 2011 | 2010 | ||||||||||
| Income (loss) before income taxes |
$ | (2,392 | ) | $ | 9,154 | $ | (1,257 | ) | ||||
| Add: |
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| Interest expense (including amortization of capitalized interest) |
5,084 | 12,868 | 2,344 | |||||||||
| Portion of rental expense representing interest |
19 | 40 | 8 | |||||||||
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| Total earnings |
$ | 2,711 | $ | 22,062 | $ | 1,095 | ||||||
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| Fixed charges and preferred share dividends: |
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| Interest expense (including capitalized interest) |
$ | 5,084 | $ | 12,868 | $ | 2,344 | ||||||
| Portion of rental expense representing interest |
19 | 40 | 8 | |||||||||
| Preferred share dividends |
— | — | — | |||||||||
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| Total fixed charges and preferred share dividends |
$ | 5,103 | $ | 12,908 | $ | 2,352 | ||||||
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| Ratio of earnings to combined fixed charges and preferred share dividends |
(a | ) | 1.7 | (b | ) | |||||||
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| (a) | Earnings did not cover fixed charges and preferred share dividends by $2,392. |
| (b) | Earnings did not cover fixed charges and preferred share dividends by $1,257. |
We have not previously issued any preferred shares and therefore there are no preferred share dividends included in fixed charges and preferred share dividends for these periods.