EX-12.2 8 hpt_33117xexhibitx122.htm EXHIBIT 12.2
Exhibit 12.2
Hospitality Properties Trust
Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions
(in thousands, except ratio amounts)

|  | Three Months Ended March 31, |  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015 |  | 2014 |  | 2013 |  | 2012
Income from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings (losses) of an investee |  | $ | 37,399 |  |  | $ | 226,993 |  |  | $ | 167,963 |  |  | $ | 199,036 |  |  | $ | 127,750 |  |  | $ | 153,219 |
Fixed Charges |  | 43,566 |  |  | 161,913 |  |  | 144,898 |  |  | 139,486 |  |  | 145,954 |  |  | 136,111 |
Adjusted Earnings |  | $ | 80,965 |  |  | $ | 388,906 |  |  | $ | 312,861 |  |  | $ | 338,522 |  |  | $ | 273,704 |  |  | $ | 289,330 |
Fixed Charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest on indebtedness and amortization of debt issuance costs and debt discounts and premiums |  | $ | 43,566 |  |  | $ | 161,913 |  |  | $ | 144,898 |  |  | $ | 139,486 |  |  | $ | 145,954 |  |  | $ | 136,111 |
Preferred distributions |  | 1,435 |  |  | 20,664 |  |  | 20,664 |  |  | 20,664 |  |  | 26,559 |  |  | 40,145 |
Combined Fixed Charges and Preferred distributions |  | $ | 45,001 |  |  | $ | 182,577 |  |  | $ | 165,562 |  |  | $ | 160,150 |  |  | $ | 172,513 |  |  | $ | 176,256 |
Ratio of Earnings to Fixed Charges and Preferred distributions |  | 1.80x |  |  | 2.13x |  |  | 1.89x |  |  | 2.11x |  |  | 1.59x |  |  | 1.64x |