Exhibit 12.2
Hospitality Properties Trust
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio amounts)
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Three
Months Ended |
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Year Ended December 31, |
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2003 |
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2002 |
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2002 |
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2001 |
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2000 |
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1999 |
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1998 |
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Net Income |
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$ |
32,602 |
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$ |
33,331 |
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$ |
142,202 |
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$ |
131,956 |
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$ |
126,271 |
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$ |
111,929 |
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$ |
81,341 |
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Fixed charges |
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10,669 |
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10,047 |
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42,424 |
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41,312 |
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37,682 |
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37,352 |
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21,751 |
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Adjusted Earnings |
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$ |
43,271 |
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$ |
43,378 |
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$ |
184,626 |
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$ |
173,268 |
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$ |
163,953 |
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$ |
149,281 |
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$ |
103,092 |
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Fixed Charges and Preferred Distributions: |
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Interest on indebtedness and amortization of deferred finance costs |
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$ |
10,669 |
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$ |
10,047 |
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$ |
42,424 |
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$ |
41,312 |
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$ |
37,682 |
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$ |
37,352 |
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$ |
21,751 |
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Preferred Distributions |
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3,695 |
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1,781 |
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7,572 |
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7,125 |
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7,125 |
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5,106 |
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Combined Fixed Charges and Preferred Distributions |
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$ |
14,364 |
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$ |
11,828 |
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$ |
49,996 |
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$ |
48,437 |
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$ |
44,807 |
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$ |
42,458 |
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$ |
21,751 |
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Ratio of Earnings to Combined Fixed Charges and Preferred Distributions |
|
3.01 |
x |
3.67 |
x |
3.69 |
x |
3.58 |
x |
3.66 |
x |
3.52 |
x |
4.74 |
x |
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