Exhibit 12.1
GOVERNMENT PROPERTIES INCOME TRUST
Computation of Ratio of Earnings to Fixed Charges
(in thousands except ratios)
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| Three Months |
| Year Ended December 31, |
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| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
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Earnings: |
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Income from continuing operations before income tax expense |
| $ | 16,571 |
| $ | 50,519 |
| $ | 45,714 |
| $ | 27,890 |
| $ | 26,074 |
| $ | 31,807 |
|
Fixed Charges |
| 4,147 |
| 16,892 |
| 12,057 |
| 7,351 |
| 5,556 |
| 141 |
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Earnings |
| $ | 20,718 |
| $ | 67,411 |
| $ | 57,771 |
| $ | 35,241 |
| $ | 31,630 |
| $ | 31,948 |
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Fixed charges: |
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Interest expense |
| $ | 3,816 |
| $ | 15,560 |
| $ | 11,012 |
| $ | 5,068 |
| $ | 4,005 |
| $ | 141 |
|
Net amortization of debt premiums and deferred financing fees |
| 331 |
| 1,332 |
| 1,045 |
| 2,283 |
| 1,551 |
| — |
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| $ | 4,147 |
| $ | 16,892 |
| $ | 12,057 |
| $ | 7,351 |
| $ | 5,556 |
| $ | 141 |
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Ratio of Earnings to Fixed Charges: |
| 5.0x |
| 4.0x |
| 4.8x |
| 4.8x |
| 5.7x |
| 226.6x |
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