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  "documentTitle": "2026 02 Investor Presentation",
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  "authorName": "Host Hotels & Resorts",
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      "text": "Adjusted Credit Facility EBITDA: 1,729",
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      "text": "2. The following presents the reconciliation of net income to EBITDA, EBITDAre, Adjusted EBITDAre, and Adjusted EBITDA per our credit facility definition in determining leverage ratio (unaudited, in millions, except ratios):",
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      "text": "Net income: 776; Interest expense: 235; Depreciation and amortization: 787; Income taxes: 42; EBITDA: 1,840; Gain on dispositions: (143); Non-cash impairment expense: 8; Equity in earnings of affiliates: (18); Pro rata EBITDAre of equity investments: 44; EBITDAre: 1,731; Non-cash stock-based compensation expense: 26; Adjusted EBITDAre: 1,757; Pro forma EBITDA - Dispositions: (8); Non-cash partnership adjustments: (20); Adjusted Credit Facility EBITDA: 1,729",
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      "text": "Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio",
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