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Previous: HRPT PROPERTIES TRUST, 8-K, EX-8.1, 2000-07-27 |
Next: HRPT PROPERTIES TRUST, 424B5, 2000-07-27 |
<TABLE>
<CAPTION>
Exhibit 12.1
HRPT PROPERTIES TRUST
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands, except ratio amounts)
Three Months Ended
March 31, Year Ended December 31,
---------------------- ----------------------------------------------------
2000 1999 1999 1998 1997 1996 1995
---------------------- ----------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Income before gain on sale of
properties and extraordinary item $ 26,450 $ 39,296 $105,555 $146,656 $112,204 $ 77,164 $ 61,760
Fixed charges 26,117 20,051 90,772 66,253 38,564 23,279 26,218
-------- -------- -------- -------- -------- -------- --------
Adjusted Earnings $ 52,567 $ 59,347 $196,327 $212,909 $150,768 $100,443 $ 87,978
======== ======== ======== ======== ======== ======== ========
Fixed Charges:
Interest expense $ 25,098 $ 19,437 $ 87,470 $ 64,326 $ 36,766 $ 22,545 $ 24,274
Amortization of deferred financing
costs 1,019 614 3,302 1,927 1,798 734 1,944
-------- -------- -------- -------- -------- -------- --------
Total Fixed Charges $ 26,117 $ 20,051 $ 90,772 $ 66,253 $ 38,564 $ 23,279 $ 26,218
======== ======== ======== ======== ======== ======== ========
Ratio of Earnings to Fixed Charges 2.0x 3.0x 2.2x 3.2x 3.9x 4.3x 3.4x
======== ======== ======== ======== ======== ======== ========
</TABLE>
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