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EX-31.3 - EX-31.3 - OFFICE PROPERTIES INCOME TRUSTgov-20150930ex313d659c9.htm
EX-32.1 - EX-32.1 - OFFICE PROPERTIES INCOME TRUSTgov-20150930ex321fc14cd.htm
EX-31.4 - EX-31.4 - OFFICE PROPERTIES INCOME TRUSTgov-20150930ex31479c3f1.htm
EX-10.2 - EX-10.2 - OFFICE PROPERTIES INCOME TRUSTgov-20150930ex10209934a.htm
EX-31.2 - EX-31.2 - OFFICE PROPERTIES INCOME TRUSTgov-20150930ex312a56c27.htm
EX-10.1 - EX-10.1 - OFFICE PROPERTIES INCOME TRUSTgov-20150930ex1017a9db2.htm
10-Q - 10-Q - OFFICE PROPERTIES INCOME TRUSTgov-20150930x10q.htm
EX-31.1 - EX-31.1 - OFFICE PROPERTIES INCOME TRUSTgov-20150930ex311737b6c.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,

 

 

2015

 

2014

 

2013

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations (including gain on sale of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

properties, if any) before income tax expense and equity in

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

earnings (losses) of investees

$

(223,255)

 

$

42,243

 

$

55,308

 

$

48,903

 

$

42,255

 

$

24,018

Distributions of earnings from equity investees

 

18,850

 

 

17,046

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Fixed charges

 

27,894

 

 

28,048

 

 

16,831

 

 

16,892

 

 

12,057

 

 

7,351

Adjusted earnings (loss)

$

(176,511)

 

$

87,337

 

$

72,139

 

$

65,795

 

$

54,312

 

$

31,369

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

finance costs and debt discounts

$

27,894

 

$

28,048

 

$

16,831

 

$

16,892

 

$

12,057

 

$

7,351

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of adjusted earnings (loss) to fixed charges

 

(6.3x) (1)

 

 

3.1x

 

 

4.3x

 

 

3.9x

 

 

4.5x

 

 

4.3x

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)The deficiency for this period was approximately $204.3 million.