EX-12 2 hst-10q_2013062948.htm EX-12.1

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

   

   

June 30,
2013

   

      

June 15,
2012

   

Income from continuing operations before income taxes

$

161

      

      

$

24

      

Add (deduct):

   

   

   

      

   

   

   

Fixed charges

   

195

      

      

   

203

      

Capitalized interest

   

(3

)  

      

   

(2

) 

Amortization of capitalized interest

   

3

      

      

   

3

      

Equity in earnings related to certain 50% or less owned affiliates

   

(4

)  

      

   

(3

) 

Adjusted earnings

$

352

      

      

$

225

      

Fixed charges:

   

   

   

      

   

   

   

Interest on indebtedness and amortization of deferred financing costs

$

179

      

      

$

180

      

Capitalized interest

   

3

      

      

   

2

      

Portion of rents representative of the interest factor

   

13

      

      

   

21

      

Total fixed charges and preferred stock dividends

$

195

      

      

$

203

      

Ratio of earnings to fixed charges and preferred stock dividends

   

1.8

      

      

   

1.1