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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Host Hotels & Resorts L.P. and Subsidiaries - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
Total revenues $ 1,586 $ 1,466 $ 3,180 $ 2,937
EXPENSES        
Other property-level expenses 107 101 218 205
Depreciation and amortization 195 188 391 368
Corporate and other expenses 25 29 56 56
Net gain on insurance settlements (9) (56) (19) (87)
Total operating costs and expenses 1,309 1,174 2,618 2,354
OPERATING PROFIT 277 292 562 583
Interest income 7 14 15 32
Interest expense (58) (50) (115) (97)
Other gains 22 0 26 0
Equity in earnings of affiliates 4 2 14 10
INCOME BEFORE INCOME TAXES 252 258 502 528
Provision for income taxes (27) (16) (26) (14)
NET INCOME 225 242 476 514
Less: Net income attributable to non-controlling interests (4) (3) (7) (7)
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 221 $ 239 $ 469 $ 507
Basic earnings per common unit (in dollars per unit) $ 0.32 $ 0.34 $ 0.68 $ 0.72
Diluted earnings per common unit (in dollars per unit) $ 0.32 $ 0.34 $ 0.67 $ 0.72
HOST HOTELS & RESORTS L.P.        
REVENUES        
Total revenues $ 1,586 $ 1,466 $ 3,180 $ 2,937
EXPENSES        
Other property-level expenses 107 101 218 205
Depreciation and amortization 195 188 391 368
Corporate and other expenses 25 29 56 56
Net gain on insurance settlements (9) (56) (19) (87)
Total operating costs and expenses 1,309 1,174 2,618 2,354
OPERATING PROFIT 277 292 562 583
Interest income 7 14 15 32
Interest expense (58) (50) (115) (97)
Other gains 22 0 26 0
Equity in earnings of affiliates 4 2 14 10
INCOME BEFORE INCOME TAXES 252 258 502 528
Provision for income taxes (27) (16) (26) (14)
NET INCOME 225 242 476 514
Less: Net income attributable to non-controlling interests 0 0 0 0
NET INCOME ATTRIBUTABLE TO HOST HOTELS & RESORTS, INC. $ 225 $ 242 $ 476 $ 514
Basic earnings per common unit (in dollars per unit) $ 0.33 $ 0.35 $ 0.69 $ 0.73
Diluted earnings per common unit (in dollars per unit) $ 0.33 $ 0.35 $ 0.69 $ 0.73
Rooms        
REVENUES        
Total revenues $ 949 $ 885 $ 1,887 $ 1,738
EXPENSES        
Expenses 233 214 458 416
Rooms | HOST HOTELS & RESORTS L.P.        
REVENUES        
Total revenues 949 885 1,887 1,738
EXPENSES        
Expenses 233 214 458 416
Food and beverage        
REVENUES        
Total revenues 478 447 981 920
EXPENSES        
Expenses 313 286 636 581
Food and beverage | HOST HOTELS & RESORTS L.P.        
REVENUES        
Total revenues 478 447 981 920
EXPENSES        
Expenses 313 286 636 581
Other        
REVENUES        
Total revenues 159 134 312 279
EXPENSES        
Expenses 375 343 739 677
Other | HOST HOTELS & RESORTS L.P.        
REVENUES        
Total revenues 159 134 312 279
EXPENSES        
Expenses 375 343 739 677
Management fees        
EXPENSES        
Expenses 70 69 139 138
Management fees | HOST HOTELS & RESORTS L.P.        
EXPENSES        
Expenses $ 70 $ 69 $ 139 $ 138