The Ritz-Carlton, Naples ReopensCompletion of the Marriott Transformational Capital Program(unaudited, in millions, except per share and hotel statistics)20232022711.4 million shares and 713.4 million shares issued and
outstanding, respectivelypartnershipsJune 30,June 30,settlements(1) Dilutive securities may include shares granted under comprehensive stock plans, preferred operating partnership units (“OP Units”) held by non-controlling limited partners and other non-controlling interests that have the option to convert their limited partnership interests to common OP Units. No effect is shown for any securities that were anti-dilutive for the period.Hotel Operating Data for Consolidated Hotels^{(1)PropertiesRoomsRoom RateOccupancy
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Total RevPARComparable Hotel Results by LocationPropertiesRoomsRoom RateOccupancy
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Total RevPARPropertiesPropertiesRoom RateOccupancy
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Total RevPARResults by Location – actual, based on ownership periodPropertiesPropertiesRoom RateOccupancy
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Total RevPAR(1) Represents the results of the portfolio for the time period of our ownership, including the results of non-comparable properties, dispositions through their date of disposal and acquisitions beginning as of the date of acquisition.income/expense(1) See the Notes to Financial Information for a discussion of comparable hotel results, which are non-GAAP measures, and the limitations on their use. For additional information on comparable hotel EBITDA by location, see the Second Quarter 2023 Supplemental Financial Information posted on our website.
(2) Profit margins are calculated by dividing the applicable operating profit by the related revenue amount. GAAP profit margins are calculated using amounts presented in the unaudited condensed consolidated statements of operations. Comparable hotel margins are calculated using amounts presented in the following tables, which include reconciliations to the applicable GAAP results:beveragebeverageand
amortizationother
expensesinsurance and
business
interruption
settlementshotel EBITDAbeveragebeverageand
amortizationother
expensesinsurance and
business
interruption
settlementshotel EBITDA(4) Non-comparable hotel results, net, includes the following items: (i) the results of operations of our non-comparable hotels, which operations are included in our consolidated statements of operations as continuing operations, and (ii) gains on business interruption proceeds relating to events that occurred while the hotels were classified as non-comparable.Reconciliation of Net Income toEBITDA, EBITDAre(unaudited, in millions)(1) See the Notes to Financial Information for discussion of non-GAAP measures.
(2) Reflects the sale of one hotel in 2023 and three hotels in 2022.
(3) Unrealized gains of our unconsolidated investments are not recognized in our EBITDAre, Adjusted EBITDAre, NAREIT FFO or Adjusted FFO until they have been realized by the unconsolidated partnership.Reconciliation of Diluted Earnings per Common Share toNAREIT and Adjusted Funds From Operations per Diluted Share (1)(unaudited, in millions, except per share amounts)of Host L.P.(1-3) Refer to corresponding footnote on the Reconciliation of Net Income to EBITDA, EBITDAreReconciliation of Net Income toEBITDA, EBITDAreNAREIT and Adjusted Funds From Operations per Diluted Share for Full Year 2023 Forecasts (1)(unaudited, in millions)Schedule of Comparable Hotel Results for Full Year 2023 Forecasts (1)(unaudited, in millions)(2) Profit margins are calculated by dividing the applicable operating profit by the related revenue amount. GAAP profit margins are calculated using amounts presented in the unaudited condensed consolidated statements of operations. Comparable hotel margins are calculated using amounts presented in the following tables, which include reconciliations to the applicable GAAP results:Notes to Financial InformationChief Financial Officer
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