EX-12.1 2 dex121.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)

 

     Quarter ended  
     March 25,     March 26,  
     2011     2010  

Loss from continuing operations before income taxes

    $ (80 )    $ (104 ) 

Add (deduct):

     

Fixed charges

      94        110   

Capitalized interest

      (1 )      (1 ) 

Amortization of capitalized interest

      2        1   

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

      2        5   

Dividends on preferred stock

      —          (2 ) 
                

Adjusted earnings

    $ 17      $ 9   
                

Fixed charges:

     

Interest on indebtedness and amortization of deferred financing costs

    $ 82      $ 96   

Capitalized interest

      1        1   

Dividends on preferred stock

      —          2   

Portion of rents representative of the interest factor

      11        11   
                

Total fixed charges and preferred stock dividends

    $ 94      $ 110   
                

Deficiency of earnings to fixed charges and preferred stock dividends

    $ (77 )    $ (101 )