EXHIBIT 12.2

 

HOSPITALITY PROPERTIES TRUST

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DISTRIBUTIONS

(IN THOUSANDS, EXCEPT RATIO AMOUNTS)

 

 

 

 

Six Months Ended
June 30

 

Year Ended December 31,

 

 

 

2003

 

2002

 

2002

 

2001

 

2000

 

1999

 

1998

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

63,184

 

$

68,821

 

$

142,202

 

$

131,956

 

$

126,271

 

$

111,929

 

$

81,341

 

Fixed charges

 

20,402

 

21,113

 

42,424

 

41,312

 

37,682

 

37,352

 

21,751

 

Adjusted earnings

 

$

83,586

 

$

89,934

 

$

184,626

 

$

173,268

 

$

163,953

 

$

149,281

 

$

103,092

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges and preferred distributions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs

 

$

20,402

 

$

21,113

 

$

42,424

 

$

41,312

 

$

37,682

 

$

37,352

 

$

21,751

 

Preferred distributions

 

7,390

 

3,563

 

7,572

 

7,125

 

7,125

 

5,106

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined fixed charges and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred distributions

 

$

27,792

 

$

24,676

 

$

49,996

 

$

48,437

 

$

44,807

 

$

42,458

 

$

21,751

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred distributions

 

3.01

x

3.64

x

3.69

x

3.58

x

3.66

x

3.52

x

4.74

x

 

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