Host Hotels & Resorts(HST)
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Host Hotels & Resorts(HST) - 2024 Q1 - Quarterly Results
2024-05-01 20:50
Exhibit 99.1 SOURAV GHOSH Chief Financial Officer (240) 744-5267 JAIME MARCUS Investor Relations (240) 744-5117 ir@hosthotels.com Host Hotels & Resorts, Inc. Reports Results for the First Quarter 2024 Acquired 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown BETHESDA, MD; May 1, 2024 – Host Hotels & Resorts, Inc. (NASDAQ: HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), today announced results for first quarter of 2024. OPERATING RESULTS (unaudited, ...
Host Hotels & Resorts, Inc. Reports Results for the First Quarter 2024
Newsfilter· 2024-05-01 20:30
BETHESDA, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ:HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), today announced results for first quarter of 2024. OPERATING RESULTS(unaudited, in millions, except per share and hotel statistics) Quarter ended March 31, 2024 2023 Percent Change Revenues $1,471 $1,381 6.5%Comparable hotel revenues⁽¹⁾ 1,398 1,375 1.7%Comparable hotel Total RevPAR⁽¹⁾ 369.58 367.56 0.5%Comparable hote ...
What's in the Offing for Host Hotels (HST) in Q1 Earnings?
Zacks Investment Research· 2024-04-29 18:31
Host Hotels & Resorts, Inc. (HST) is scheduled to release first-quarter 2024 earnings results on May 5, after market close. While the quarterly results are likely to display year-over-year growth in revenues, funds from operations (FFO) per share may decline.In the previous quarter, the Bethesda, MD-based lodging real estate investment trust (REIT) met the Zacks Consensus Estimate in terms of adjusted FFO per share. Results reflected higher revenues, driven by year-over-year occupancy growth.Over the traili ...
Countdown to Host Hotels (HST) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Zacks Investment Research· 2024-04-29 14:21
Wall Street analysts expect Host Hotels (HST) to post quarterly earnings of $0.54 per share in its upcoming report, which indicates a year-over-year decline of 1.8%. Revenues are expected to be $1.43 billion, up 3.3% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. ...
Why Host Hotels (HST) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-04-23 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zack ...
Host Hotels & Resorts: Probably The Best House In A Bad Neighborhood
Seeking Alpha· 2024-04-22 14:05
Thomas Barwick The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. - Warren Buffett In general, we do not like the travel industry, particularly the airlines (JETS), which Warren Buffett has even warned can be bad for your investment health. More generally, we are also not big fans of the travel sector as ...
Host Hotels & Resorts(HST) - 2023 Q4 - Annual Report
2024-02-28 18:41
Financial Reporting Structure - Host Inc. and Host L.P. have combined their Management's Discussion and Analysis of Financial Condition and Results of Operations, with separate discussions for material differences in liquidity and capital resources[14]. - The financial statements are presented separately, but the notes to the financial statements are generally combined, except for discussions of differences between equity of Host Inc. and capital of Host L.P.[14]. Forward-Looking Statements - The 2023 Annual Report includes forward-looking statements regarding anticipated results based on management's plans and assumptions, indicating a focus on future performance[24]. - The company does not undertake an obligation to publicly update forward-looking statements, advising stakeholders to consult additional disclosures in Form 10-Q and Form 8-K[26]. Risk Factors - Risks and uncertainties that could affect future results are discussed in Item 1A "Risk Factors," highlighting the potential for actual results to differ materially from projections[25].
Host Hotels & Resorts(HST) - 2023 Q4 - Earnings Call Presentation
2024-02-22 14:25
Financial Covenants - The company's credit facility has financial covenants including leverage ratio (maximum 725x), unsecured interest coverage ratio (minimum 175x), and fixed charge coverage ratio (minimum 125x) [80, 179] - The company's senior notes indentures contain financial covenants including indebtedness test, secured indebtedness to total assets, EBITDA-to-interest coverage and unencumbered assets to unsecured indebtedness [82] - As of December 31, 2023, the GAAP leverage ratio was 56x, while the covenant ratio was 19x [4] - As of December 31, 2023, the GAAP unsecured interest coverage ratio was 39x, while the covenant ratio was 88x [7] - As of December 31, 2023, the GAAP fixed charge coverage ratio was 39x, while the credit facility fixed charge coverage ratio was 67x [11] - As of December 31, 2023, the GAAP total indebtedness to total assets was 34%, while the total indebtedness to total assets per senior notes indenture was 20% [14] - As of December 31, 2023, the GAAP secured indebtedness to total assets was less than 1%, and the secured indebtedness to total assets per senior notes indenture was also less than 1% [16] - As of December 31, 2023, the GAAP interest coverage ratio was 39x, while the EBITDA to interest coverage ratio per senior notes indenture was 86x [18] - As of December 31, 2023, the GAAP total assets / total debt was 291%, while the unencumbered assets / unsecured debt per senior notes indenture was 496% [22] Comparable Hotel Results (Year Ended December 31, 2023) - Comparable hotel revenues were $51691 million [152] - Comparable hotel EBITDA was $15570 million [152]
Host Hotels & Resorts(HST) - 2023 Q4 - Annual Results
2024-02-21 21:57
Exhibit 99.1 SOURAV GHOSH Chief Financial Officer (240) 744-5267 JAIME MARCUS Investor Relations (240) 744-5117 ir@hosthotels.com Host Hotels & Resorts, Inc. Reports Results for 2023 Full Year Comparable Hotel RevPAR Growth of 8.1% Exceeded Midpoint of Guidance Returned More Than $700 Million of Capital to Stockholders in 2023 and Announces $0.20 First Quarter Dividend Completed Multi-Year Transformational Reinvestment Programs and Development Projects BETHESDA, MD; February 21, 2024 – Host Hotels & Resorts ...
Host Hotels & Resorts(HST) - 2023 Q3 - Quarterly Report
2023-11-06 16:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________________________________________________________________________________________________ Maryland (Host Hotels & Resorts, Inc.) 53-0085950 Delaware (Host Hotels & Resorts, L.P.) 52-2095412 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2023 ...