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10-Q - 10-Q - OFFICE PROPERTIES INCOME TRUSTgov-20140930x10q.htm
EX-31.3 - EX-31.3 - OFFICE PROPERTIES INCOME TRUSTgov-20140930ex313b54a5a.htm
EX-31.4 - EX-31.4 - OFFICE PROPERTIES INCOME TRUSTgov-20140930ex314c1d85f.htm
EX-31.1 - EX-31.1 - OFFICE PROPERTIES INCOME TRUSTgov-20140930ex31152128d.htm
EX-31.2 - EX-31.2 - OFFICE PROPERTIES INCOME TRUSTgov-20140930ex31256d4cb.htm
EXCEL - IDEA: XBRL DOCUMENT - OFFICE PROPERTIES INCOME TRUSTFinancial_Report.xls
EX-32.1 - EX-32.1 - OFFICE PROPERTIES INCOME TRUSTgov-20140930ex321123665.htm

Exhibit 12.1

GOVERNMENT PROPERTIES INCOME TRUST

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(IN THOUSANDS, EXCEPT RATIO AMOUNTS)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

equity in earnings of investees

 

$

34,004 

 

$

55,308 

 

$

48,903 

 

$

42,255 

 

$

24,018 

 

$

22,284 

Distributions of earnings from equity investees

 

 

10,320 

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Fixed charges

 

 

18,530 

 

 

16,831 

 

 

16,892 

 

 

12,057 

 

 

7,351 

 

 

5,556 

Adjusted Earnings

 

$

62,854 

 

$

72,139 

 

$

65,795 

 

$

54,312 

 

$

31,369 

 

$

27,840 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

finance costs and debt discounts

 

$

18,530 

 

$

16,831 

 

$

16,892 

 

$

12,057 

 

$

7,351 

 

$

5,556 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

3.4x

 

 

4.3x

 

 

3.9x

 

 

4.5x

 

 

4.3x

 

 

5.0x