EX-12.1 2 d402004dex121.htm EXHIBIT 12.1 Exhibit 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  
     September 7,
2012		     September 9,
2011		  

Income (loss) from continuing operations before income taxes

    $ 8      $ (38 ) 

Add (deduct):

     

Fixed charges

      308        295   

Capitalized interest

      (4 )      (2 ) 

Amortization of capitalized interest

      5        5   

Equity in (earnings)/losses related to certain 50% or less owned affiliates

      (2 )      3   
  

 

 

    

 

 

  

Adjusted earnings

    $ 315      $ 263   
  

 

 

    

 

 

  

Fixed charges:

     

Interest on indebtedness and amortization of deferred financing costs

    $ 272      $ 259   

Capitalized interest

      4        2   

Portion of rents representative of the interest factor

      32        34   
  

 

 

    

 

 

  

Total fixed charges and preferred stock dividends

    $ 308      $ 295   
  

 

 

    

 

 

  

Ratio of earnings to fixed charges and preferred stock dividends

      1.0        —     

Deficiency of earnings to fixed charges and preferred stock dividends

    $ —        $ (32 )