Earnings (Loss) Per Common Share (Unit)

6 Months Ended

Jun. 30, 2021


3.	Earnings (Loss) Per Common Share (Unit)

Basic earnings (loss) per common share (unit) is computed by dividing net income (loss) attributable to common stockholders (unitholders) by the weighted average number of shares of Host Inc. common stock or Host L.P. common units outstanding. Diluted earnings (loss) per common share (unit) is computed by dividing net income (loss) attributable to common stockholders (unitholders), as adjusted for potentially dilutive securities, by the weighted average number of shares of Host Inc. common stock or Host L.P. common units outstanding plus other potentially dilutive securities. Dilutive securities may include shares granted under comprehensive stock plans or the Host L.P. common units distributed to Host Inc. to support such shares granted, and other non-controlling interests that have the option to convert their limited partner interests to Host L.P. common units. No effect is shown for any securities that are anti-dilutive. We have 7.2 million Host L.P. common units, which are convertible into 7.4 million Host Inc. common shares, that are not included in Host Inc.’s calculation of earnings (loss) per share as their effect is not dilutive. The calculation of Host Inc. basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts):

	Quarter ended June 30,						Year-to-date ended June 30,
	2021			2020			2021			2020
Net loss	$	(61	)	$	(356	)	$	(214	)	$	(359	)
Less: Net loss attributable to non-controlling interests		1			4			2			4
Net loss attributable to Host Inc.	$	(60	)	$	(352	)	$	(212	)	$	(355	)

Basic weighted average shares outstanding		707.6			705.1			706.6			706.7
Diluted weighted average shares outstanding		707.6			705.1			706.6			706.7

Basic loss per common share	$	(.09	)	$	(.50	)	$	(.30	)	$	(.50	)
Diluted loss per common share	$	(.09	)	$	(.50	)	$	(.30	)	$	(.50	)

The calculation of Host L.P. basic and diluted earnings (loss) per unit is shown below (in millions, except per unit amounts):

	Quarter ended June 30,						Year-to-date ended June 30,
	2021			2020			2021			2020
Net loss	$	(61	)	$	(356	)	$	(214	)	$	(359	)
Less: Net loss attributable to non-controlling interests		—			1			—			1
Net loss attributable to Host L.P.	$	(61	)	$	(355	)	$	(214	)	$	(358	)

Basic weighted average units outstanding		699.9			697.7			699.0			699.3
Diluted weighted average units outstanding		699.9			697.7			699.0			699.3

Basic loss per common unit	$	(.09	)	$	(.51	)	$	(.31	)	$	(.51	)
Diluted loss per common unit	$	(.09	)	$	(.51	)	$	(.31	)	$	(.51	)