Host Hotels & Resorts (HST) 10-Q 2018 Q2 Quarterly report

Exhibit 12.1

HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio amounts)

	Year-to-date ended June 30,
	2018			2017
Income from continuing operations before income taxes	$	488		$	394
Add (deduct):
Fixed charges		104			96
Capitalized interest		(1	)		—
Amortization of capitalized interest		4			4
Equity in earnings related to equity method investees		(19	)		(15	)
Distributions from investments in affiliates		17			13
Adjusted earnings	$	593		$	492
Fixed charges:
Interest on indebtedness and amortization of deferred financing costs	$	89		$	82
Capitalized interest		1			—
Portion of rents representative of the interest factor		14			14
Total fixed charges	$	104		$	96
Ratio of earnings to fixed charges		5.7			5.1