EX-12.1 7 hpt_33117xexhibitx121.htm EXHIBIT 12.1
Exhibit 12.1
Hospitality Properties Trust
Computation of Ratio of Earnings to Fixed Charges
(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 |
Ratio of Earnings to Fixed Charges |  | 1.86x |  |  | 2.40x |  |  | 2.16x |  |  | 2.43x |  |  | 1.88x |  |  | 2.13x |