Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
Reconciliation of GAAP Leverage Ratio to Credit Facility
Leverage Ratio
RECONCILIATIONS &
SUPPLEMENTAL INFO
2.
The following presents the reconciliation of net income to EBITDA, EBITDAre, Adjusted EBITDAre, Adjusted EBITDA per our credit facility definition in determining leverage
ratio, and Adjusted EBITDA per our credit facility definition as adjusted for certain post quarter transactions (in millions):
Net income
Interest expense
Depreciation and amortization
Income taxes
EBITDA
Gain on dispositions
Non-cash impairment expense
Equity in earnings of affiliates
Pro rata EBITDAre of equity investments
EBITDAre
Gain on property insurance settlement
Adjusted EBITDAre
Pro forma EBITDA - Acquisitions
Trailing twelve months
March 31, 2024
$
Year ended
December 31, 2019
733 $
189
932
222
708
662
36
30
1,666
1,846
ེ|S$
(334)
14
(7)
34
1,692
(24)
1,668
(14)
26
1,538
(4)
1,534
Pro forma EBITDA - Dispositions
(20)
Restricted stock expense and other non-cash items
29
Non-cash partnership adjustments
Adjusted Credit Facility EBITDA
(5)
$
Pro forma EBITDA - Acquisitions
1,672 $
38
Adjusted Credit Facility EBITDA, as adjusted
1,710
2024 Host Hotels & Resorts, Inc.
9
(64)
28
(17)
1,490
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