Exhibit 12.2
Hospitality Properties Trust
Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions
(in thousands, except ratio amounts)
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Six Months Ended June 30, | | Year Ended December 31, |
| | | 2018 | | 2017 | | 2016 | | 2015 | | 2014 | | 2013 |
| Income from continuing operations (including gains on sales of properties, if any) before income tax benefit (expense) and equity in earnings of an investee | | $ | 178,686 |
| | $ | 201,904 |
| | $ | 226,993 |
| | $ | 167,963 |
| | $ | 199,036 |
| | $ | 127,750 |
|
| Fixed Charges | | 96,281 |
| | 181,579 |
| | 161,913 |
| | 144,898 |
| | 139,486 |
| | 145,954 |
|
| Adjusted Earnings | | $ | 274,967 |
| | $ | 383,483 |
| | $ | 388,906 |
| | $ | 312,861 |
| | $ | 338,522 |
| | $ | 273,704 |
|
| | | | | | | | | | | | | |
| Fixed Charges: | | | | | | | | | | | | |
| Interest on indebtedness and amortization of debt issuance costs and debt discounts and premiums | | $ | 96,281 |
| | $ | 181,579 |
| | $ | 161,913 |
| | $ | 144,898 |
| | $ | 139,486 |
| | $ | 145,954 |
|
| Preferred distributions | | — |
| | 1,435 |
| | 20,664 |
| | 20,664 |
| | 20,664 |
| | 26,559 |
|
| | | | | | | | | | | | | |
| Combined Fixed Charges and Preferred distributions | | $ | 96,281 |
| | $ | 183,014 |
| | $ | 182,577 |
| | $ | 165,562 |
| | $ | 160,150 |
| | $ | 172,513 |
|
| | | | | | | | | | | | | |
| Ratio of Earnings to Fixed Charges and Preferred distributions | | 2.86 | x | | 2.10 | x | | 2.13 | x | | 1.89 | x | | 2.11 | x | | 1.59 | x |
