Attached files
| file | filename |
|---|---|
| EX-99.3 - EXHIBIT 99.3 - OFFICE PROPERTIES INCOME TRUST | gov_123117x10kex993.htm |
| EX-32.1 - EXHIBIT 32.1 - OFFICE PROPERTIES INCOME TRUST | gov_123117x10kex321.htm |
| EX-31.3 - EXHIBIT 31.3 - OFFICE PROPERTIES INCOME TRUST | gov_123117x10kex313.htm |
| EX-31.2 - EXHIBIT 31.2 - OFFICE PROPERTIES INCOME TRUST | gov_123117x10kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - OFFICE PROPERTIES INCOME TRUST | gov_123117x10kex311.htm |
| EX-23.1 - EXHIBIT 23.1 - OFFICE PROPERTIES INCOME TRUST | gov_123117x10kex231.htm |
| EX-21.1 - EXHIBIT 21.1 - OFFICE PROPERTIES INCOME TRUST | gov_123117x10kex211.htm |
| EX-8.1 - EXHIBIT 8.1 - OFFICE PROPERTIES INCOME TRUST | gov_123117x10kex81.htm |
| 10-K - 10-K - OFFICE PROPERTIES INCOME TRUST | gov_123117x10kdocument.htm |
Exhibit 12.1
GOVERNMENT PROPERTIES INCOME TRUST
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIO AMOUNTS)
Year Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Add: | ||||||||||||||||||||
Income (loss) from continuing operations (including gain on sale of properties, if any) before income tax expense and equity in earnings (losses) of investees | $ | (9,553 | ) | $ | 22,936 | $ | (227,990 | ) | $ | 42,190 | $ | 55,308 | ||||||||
Distributions of earnings from equity investees | 18,640 | 32,425 | 21,882 | 17,046 | — | |||||||||||||||
Fixed charges | 65,917 | 45,164 | 37,008 | 28,048 | 16,831 | |||||||||||||||
Subtract: | ||||||||||||||||||||
Interest capitalized | (511 | ) | (52 | ) | — | — | — | |||||||||||||
Preferred distributions | (275 | ) | — | — | — | — | ||||||||||||||
Total earnings (loss) | $ | 74,218 | $ | 100,473 | $ | (169,100 | ) | $ | 87,284 | $ | 72,139 | |||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on indebtedness and net amortization of debt issuance costs and debt premiums and discounts | $ | 65,131 | $ | 45,112 | $ | 37,008 | 28,048 | 16,831 | ||||||||||||
Interest capitalized | 511 | 52 | — | — | — | |||||||||||||||
Preferred distributions | 275 | — | — | — | — | |||||||||||||||
Total fixed charges | $ | 65,917 | $ | 45,164 | $ | 37,008 | $ | 28,048 | $ | 16,831 | ||||||||||
Ratio of adjusted earnings (loss) to fixed charges | 1.1x | 2.2x | (4.6x) | (1) | 3.1x | 4.3x | ||||||||||||||
(1) The deficiency for the year was approximately $206.1 million.