LaSalle Hotel Properties - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 20, 2018

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EX-32.1 - EXHIBIT 32.1 - LaSalle Hotel Propertieslho-2017x1231x10kxex321.htm
EX-31.2 - EXHIBIT 31.2 - LaSalle Hotel Propertieslho-2017x1231x10kxex312.htm
EX-31.1 - EXHIBIT 31.1 - LaSalle Hotel Propertieslho-2017x1231x10kxex311.htm
EX-23.1 - EXHIBIT 23.1 - LaSalle Hotel Propertieslho-2017x1231x10kxex231.htm
EX-21.1 - EXHIBIT 21.1 - LaSalle Hotel Propertieslho-2017x1231x10kxex211.htm
EX-10.2 - EXHIBIT 10.2 - LaSalle Hotel Propertieslho-2017x1231x10kxex102.htm
EX-10.1 - EXHIBIT 10.1 - LaSalle Hotel Propertieslho-2017x1231x10kxex101.htm
EX-4.1 - EXHIBIT 4.1 - LaSalle Hotel Propertieslho-2017x1231x10kxex41.htm
EX-3.1 - EXHIBIT 3.1 - LaSalle Hotel Propertieslho-2017x1231x10kxex31.htm
10-K - 10-K - LaSalle Hotel Propertieslho-10k2017.htm


Exhibit 12.1
LaSalle Hotel Properties
Computation of Ratios of Earnings to Fixed Charges
(in thousands, except ratio data)
(unaudited)
 
 
For the year ended December 31,
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to common shareholders
 
$
174,609

 
$
234,575

 
$
123,383

 
$
197,561

 
$
70,984

Income tax expense (benefit)
 
1,699

 
5,784

 
(1,292
)
 
2,306

 
470

Noncontrolling interests
 
282

 
354

 
277

 
652

 
320

Fixed charges
 
47,073

 
49,569

 
61,425

 
64,404

 
61,871

Amortization of capitalized interest
 
809

 
850

 
755

 
690

 
683

Capitalized interest
 
(762
)
 
(398
)
 
(902
)
 
(400
)
 
(649
)
Earnings
 
$
223,710

 
$
290,734

 
$
183,646

 
$
265,213

 
$
133,679

Fixed Charges
 
 
 
 
 
 
 
 
 
 
Interest
 
$
36,595

 
$
40,416

 
$
51,702

 
$
54,459

 
$
55,263

Loss on extinguishment of debt
 
1,706

 
0

 
831

 
2,487

 
0

Capitalized interest
 
762

 
398

 
902

 
400

 
649

Amort. of discounts and capitalized cost related to indebtedness
 
2,771

 
3,359

 
2,631

 
2,169

 
2,253

Estimate of interest within rental expense
 
5,239

 
5,396

 
5,359

 
4,889

 
3,706

Total fixed charges
 
$
47,073

 
$
49,569

 
$
61,425

 
$
64,404

 
$
61,871

Ratio of earnings to fixed charges
 
4.75

 
5.87

 
2.99

 
4.12

 
2.16





















LaSalle Hotel Properties
Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Share Dividends
(in thousands, except ratio data)
(unaudited)
 
 
 
For the year ended December 31,
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to common shareholders
 
$
174,609

 
$
234,575

 
$
123,383

 
$
197,561

 
$
70,984

Income tax expense (benefit)
 
1,699

 
5,784

 
(1,292
)
 
2,306

 
470

Noncontrolling interests
 
282

 
354

 
277

 
652

 
320

Fixed charges
 
65,097

 
67,775

 
73,594

 
78,737

 
79,256

Amortization of capitalized interest
 
809

 
850

 
755

 
690

 
683

Capitalized interest
 
(762
)
 
(398
)
 
(902
)
 
(400
)
 
(649
)
Earnings
 
$
241,734

 
$
308,940

 
$
195,815

 
$
279,546

 
$
151,064

Fixed Charges
 
 
 
 
 
 
 
 
 
 
Interest
 
$
36,595

 
$
40,416

 
$
51,702

 
$
54,459

 
$
55,263

Loss on extinguishment of debt
 
1,706

 
0

 
831

 
2,487

 
0

Capitalized interest
 
762

 
398

 
902

 
400

 
649

Amort. of discounts and capitalized cost related to indebtedness
 
2,771

 
3,359

 
2,631

 
2,169

 
2,253

Estimate of interest within rental expense
 
5,239

 
5,396

 
5,359

 
4,889

 
3,706

Preference security dividends
 
18,024

 
18,206

 
12,169

 
14,333

 
17,385

Total fixed charges and preference security dividends
 
$
65,097

 
$
67,775

 
$
73,594

 
$
78,737

 
$
79,256

Ratio of earnings to combined fixed charges and preferred share dividends
 
3.71

 
4.56

 
2.66

 
3.55

 
1.91

 




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