Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - ASHFORD HOSPITALITY TRUST INC | aht2016q110q.htm |
| EX-32.2 - EXHIBIT 32.2 - ASHFORD HOSPITALITY TRUST INC | aht2016q110-qxex322.htm |
| EX-31.1 - EXHIBIT 31.1 - ASHFORD HOSPITALITY TRUST INC | aht2016q110-qxex311.htm |
| EX-31.2 - EXHIBIT 31.2 - ASHFORD HOSPITALITY TRUST INC | aht2016q110-qxex312.htm |
| EX-32.1 - EXHIBIT 32.1 - ASHFORD HOSPITALITY TRUST INC | aht2016q110-qxex321.htm |
EXHIBIT 12
ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(dollars in thousands)
Three Months Ended | Year Ended December 31, | ||||||||||||||||||
March 31, 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings | |||||||||||||||||||
Income (loss) from continuing operations before provision for income taxes and redeemable noncontrolling interests | $ | (11,510 | ) | $ | 311,606 | $ | (40,465 | ) | $ | (46,949 | ) | $ | (56,385 | ) | |||||
Amount recorded for equity in (earnings) loss of unconsolidated entities | 3,585 | 6,831 | (2,495 | ) | 23,404 | 20,833 | |||||||||||||
Add: | |||||||||||||||||||
Distributions of earnings from unconsolidated entities | — | 996 | 995 | — | — | ||||||||||||||
Interest on indebtedness, net of premiums | 49,765 | 168,834 | 107,598 | 133,697 | 140,066 | ||||||||||||||
Amortization of loan costs | 6,178 | 18,680 | 7,237 | 7,772 | 6,194 | ||||||||||||||
Interest component of operating leases | 78 | 288 | 115 | 341 | 354 | ||||||||||||||
$ | 48,096 | $ | 507,235 | $ | 72,985 | $ | 118,265 | $ | 111,062 | ||||||||||
Fixed charges | |||||||||||||||||||
Interest on indebtedness, net of premiums | $ | 49,765 | $ | 168,834 | $ | 107,598 | $ | 133,697 | $ | 140,066 | |||||||||
Amortization of loan costs | 6,178 | 18,680 | 7,237 | 7,772 | 6,194 | ||||||||||||||
Interest component of operating leases | 78 | 288 | 115 | 341 | 354 | ||||||||||||||
Dividends to Class B unit holders | 703 | 2,813 | 2,879 | 2,943 | 2,943 | ||||||||||||||
$ | 56,724 | $ | 190,615 | $ | 117,829 | $ | 144,753 | $ | 149,557 | ||||||||||
Preferred stock dividends | |||||||||||||||||||
Preferred Series A | $ | 886 | $ | 3,542 | $ | 3,542 | $ | 3,542 | $ | 3,516 | |||||||||
Preferred Series D | 5,000 | 20,002 | 20,002 | 20,002 | 19,869 | ||||||||||||||
Preferred Series E | 2,604 | 10,418 | 10,418 | 10,418 | 10,417 | ||||||||||||||
$ | 8,490 | $ | 33,962 | $ | 33,962 | $ | 33,962 | $ | 33,802 | ||||||||||
Combined fixed charges and preferred stock dividends | $ | 65,214 | $ | 224,577 | $ | 151,791 | $ | 178,715 | $ | 183,359 | |||||||||
Ratio of earnings to fixed charges | 2.66 | ||||||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 2.26 | ||||||||||||||||||
Deficit (Fixed charges) | $ | 8,628 | $ | 44,844 | $ | 26,488 | $ | 38,495 | |||||||||||
Deficit (Combined fixed charges and preferred stock dividends) | $ | 17,118 | $ | 78,806 | $ | 60,450 | $ | 72,297 | |||||||||||