Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Reconciliation of Diluted Earnings per Common Share to
NAREIT and Adjusted Funds From Operations per Diluted Share
The following table reconciles diluted earnings per common share to NAREIT and Adjusted Funds From Operations per Diluted Share for full year 2023 and 2019 (in millions,
except per share amounts):
Year ended December 31,
2023
Net income
Less: Net income attributable to non-controlling interests
Net income attributable to Host Inc.
Adjustments:
Gain on dispositions
Tax on dispositions
Gain on property insurance settlement
Depreciation and amortization
Non-cash impairment expense
Equity investment adjustments:
Equity in earnings of affiliates
Pro rata FFO of equity investments
Consolidated partnership adjustments:
FFO adjustment for non-controlling
partnerships
FFO adjustments for non-controlling interests of Host L.P.
NAREIT FFO
Adjustments to NAREIT FFO:
Loss on debt extinguishment
$
2019
752 $
932
(12)
(12)
740
920
(70)
(334)
(6)
(3)
(4)
695
657
J
6
(6)
(14)
20
(1)
20
(9)
1,366
(3)
1,242
Loss attributable to non-controlling interests
Adjusted FFO
4
57
(1)
$
1,370
$
1,298
For calculation on a per share basis:
Diluted weighted average shares outstanding - EPS, NAREIT FFO and Adjusted FFO
712.8
731.1
Diluted earnings per common share
$
1.04
$
1.26
NAREIT FFO per diluted share
$
1.92
$
1.70
Adjusted FFO per diluted share
$
1.92
$
1.78
2024 Host Hotels & Resorts, Inc.
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