Attached files
Exhibit 12.2
Hospitality Properties Trust
Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions
(in thousands, except ratio amounts)
Year Ended December 31, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Income from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings (losses) of an investee | $ | 226,993 | $ | 167,963 | $ | 199,036 | $ | 127,750 | $ | 153,219 | ||||||||||
Fixed Charges | 161,913 | 144,898 | 139,486 | 145,954 | 136,111 | |||||||||||||||
Adjusted Earnings | $ | 388,906 | $ | 312,861 | $ | 338,522 | $ | 273,704 | $ | 289,330 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on indebtedness and amortization of debt issuance costs and debt discounts | $ | 161,913 | $ | 144,898 | $ | 139,486 | $ | 145,954 | $ | 136,111 | ||||||||||
Preferred distributions | 20,664 | 20,664 | 20,664 | 26,559 | 40,145 | |||||||||||||||
Combined Fixed Charges and Preferred distributions | $ | 182,577 | $ | 165,562 | $ | 160,150 | $ | 172,513 | $ | 176,256 | ||||||||||
Ratio of Earnings to Fixed Charges and Preferred distributions | 2.13x | 1.89x | 2.11x | 1.59x | 1.64x |