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EXHIBIT 12.1
HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(in millions, except ratio amounts)
| Year-to-date ended | ||||||
| September 30, |
|
| September 7, |
| ||
Income from continuing operations before income taxes | $ | 173 |
|
| $ | (5 | ) |
Add (deduct): |
|
|
|
|
|
|
|
Fixed charges |
| 269 |
|
|
| 308 |
|
Capitalized interest |
| (5 | ) |
|
| (4 | ) |
Amortization of capitalized interest |
| 5 |
|
|
| 5 |
|
Equity in earnings related to certain 50% or less owned affiliates |
| (3 | ) |
|
| (2 | ) |
Adjusted earnings | $ | 439 |
|
| $ | 302 |
|
Fixed charges: |
|
|
|
|
|
|
|
Interest on indebtedness and amortization of deferred financing costs | $ | 244 |
|
| $ | 272 |
|
Capitalized interest |
| 5 |
|
|
| 4 |
|
Portion of rents representative of the interest factor |
| 20 |
|
|
| 32 |
|
Total fixed charges and preferred stock dividends | $ | 269 |
|
| $ | 308 |
|
Ratio of earnings to fixed charges and preferred stock dividends |
| 1.6 |
|
|
|
|
|
Deficiency of earnings to fixed charges and preferred stock dividends | $ | — |
|
| $ | (6 | ) |