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EXCEL - IDEA: XBRL DOCUMENT - Service Properties TrustFinancial_Report.xls
EX-31.2 - EX-31.2 - Service Properties Trusthpt-20140930ex3127f158d.htm
EX-31.1 - EX-31.1 - Service Properties Trusthpt-20140930ex311bf1afe.htm
EX-32.1 - EX-32.1 - Service Properties Trusthpt-20140930ex3214d06aa.htm
EX-12.1 - EX-12.1 - Service Properties Trusthpt-20140930ex121504b2a.htm
EX-31.4 - EX-31.4 - Service Properties Trusthpt-20140930ex314cdaac1.htm
EX-4.12 - EX-4.12 - Service Properties Trusthpt-20140930ex4128462bb.htm
EX-31.3 - EX-31.3 - Service Properties Trusthpt-20140930ex313178eab.htm
10-Q - 10-Q - Service Properties Trusthpt-20140930x10q.htm

   Exhibit 12.2

 

Hospitality Properties Trust

Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions

(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 an investee

 

$

141,576 

 

$

127,70 

 

$

153,219 

 

$

191,803 

 

$

21,990 

 

$

198,671 

 

Fixed Charges

 

104,101 

 

145,954 

 

136,111 

 

134,110 

 

138,712 

 

143,410 

 

Adjusted Earnings

 

$

245,677 

 

$

273,704 

 

$

289,330 

 

$

325,913 

 

$

160,702 

 

$

342,081 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

104,101 

 

$

145,954 

 

$

136,111 

 

$

134,110 

 

$

138,712 

 

$

143,410 

 

Preferred distributions

 

15,498 

 

26,559 

 

40,145 

 

29,880 

 

29,880 

 

29,880 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined Fixed Charges and Preferred distributions

 

$

119,599 

 

$

172,513 

 

$

176,256 

 

$

163,990 

 

$

168,592 

 

$

173,290 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges and Preferred distributions

 

2.05x

 

1.59x

 

1.64x

 

1.99x  

 

0.95x

(1)

1.97x

 

 


(1)

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