Attached files
| file | filename |
|---|---|
| EX-32.1 - EX-32.1 - Apple Hospitality REIT, Inc. | ex32-1.htm |
| EX-31.2 - EX-31.2 - Apple Hospitality REIT, Inc. | ex31-2.htm |
| EX-31.1 - EX-31.1 - Apple Hospitality REIT, Inc. | ex31-1.htm |
| EX-23.1 - EX-23.1 - Apple Hospitality REIT, Inc. | ex23-1.htm |
| EX-21.1 - EX-21.1 - Apple Hospitality REIT, Inc. | ex21-1.htm |
| 10-K - 10-K - Apple Hospitality REIT, Inc. | applehospitality10k123117.htm |
Exhibit 12.1
Apple Hospitality REIT, Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
|
2017
|
2016
|
2015
|
2014
|
2013
|
||||||||||||||||
|
Earnings
|
||||||||||||||||||||
|
Pre-tax income from continuing operations
|
$
|
183,339
|
$
|
145,083
|
$
|
118,186
|
$
|
8,802
|
$
|
83,338
|
||||||||||
|
Fixed charges
|
55,778
|
48,365
|
40,923
|
31,839
|
9,748
|
|||||||||||||||
|
Amortization of capitalized interest
|
654
|
555
|
559
|
367
|
254
|
|||||||||||||||
|
Capitalized interest
|
(1,258
|
)
|
(1,632
|
)
|
(1,548
|
)
|
(1,927
|
)
|
(679
|
)
|
||||||||||
|
Earnings
|
$
|
238,513
|
$
|
192,371
|
$
|
158,120
|
$
|
39,081
|
$
|
92,661
|
||||||||||
|
Fixed Charges
|
||||||||||||||||||||
|
Interest expense
|
$
|
47,415
|
$
|
40,048
|
$
|
32,943
|
$
|
24,576
|
$
|
9,017
|
||||||||||
|
Capitalized interest
|
1,258
|
1,632
|
1,548
|
1,927
|
679
|
|||||||||||||||
|
Estimated interest component of rental expense
|
7,105
|
6,685
|
6,432
|
5,336
|
52
|
|||||||||||||||
|
Fixed charges
|
$
|
55,778
|
$
|
48,365
|
$
|
40,923
|
$
|
31,839
|
$
|
9,748
|
||||||||||
|
Ratio of Earnings to Fixed Charges
|
4.28
|
3.98
|
3.86
|
1.23
|
9.51
|
|||||||||||||||