EXHIBIT 99.2
Selected Financial Data (Host Hotels & Resorts, L.P.)
The following table presents certain selected historical financial data which has been derived from audited consolidated financial statements for the five years ended December 31, 2010. The following information should be read in conjunction with the consolidated financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”:
| | | | | | | | | | | | | | | | | | | | |
| | Calendar year | |
| | 2010 | | | 2009 | | | 2008 | | | 2007 | | | 2006 | |
| | (in millions, except per unit amounts) | |
Income Statement Data: | | | | | | | | | | | | | | | | | | | | |
Revenues | | $ | 4,428 | | | $ | 4,135 | | | $ | 5,108 | | | $ | 5,215 | | | $ | 4,625 | |
Income (loss) from continuing operations | | | (128 | ) | | | (197 | ) | | | 382 | | | | 532 | | | | 303 | |
Income (loss) from discontinued operations, net of tax(1) | | | (4 | ) | | | (61 | ) | | | 32 | | | | 202 | | | | 464 | |
Net income (loss) | | | (132 | ) | | | (258 | ) | | | 414 | | | | 734 | | | | 767 | |
Net income (loss) attributable to Host Hotels & Resorts, L.P. | | | (132 | ) | | | (257 | ) | | | 411 | | | | 728 | | | | 758 | |
Net income (loss) available to common unitholders | | | (140 | ) | | | (266 | ) | | | 402 | | | | 719 | | | | 738 | |
Basic earnings (loss) per common unit : | | | | | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations | | | (.21 | ) | | | (.34 | ) | | | .68 | | | | .96 | | | | .55 | |
Income from discontinued operations | | | — | | | | (.10 | ) | | | .06 | | | | .37 | | | | .92 | |
Net income (loss) | | | (.21 | ) | | | (.44 | ) | | | .74 | | | | 1.33 | | | | 1.47 | |
Diluted earnings (loss) per common unit: | | | | | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations | | | (.21 | ) | | | (.35 | ) | | | .66 | | | | .95 | | | | .55 | |
Income from discontinued operations | | | — | | | | (.10 | ) | | | .06 | | | | .37 | | | | .92 | |
Net income (loss) | | | (.21 | ) | | | (.45 | ) | | | .72 | | | | 1.32 | | | | 1.47 | |
Distributions declared per common unit(2) | | | .0408 | | | | .025 | | | | .65 | | | | 1.00 | | | | .76 | |
Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | |
Total assets | | $ | 12,410 | | | $ | 12,553 | | | $ | 11,948 | | | $ | 11,809 | | | $ | 11,805 | |
Debt | | | 5,477 | | | | 5,837 | | | | 5,876 | | | | 5,515 | | | | 5,833 | |
Preferred units | | | — | | | | 97 | | | | 97 | | | | 97 | | | | 97 | |
(1) | Discontinued operations reflects the operations of properties classified as held for sale, the results of operations of properties disposed of and the gain or loss on those dispositions. |