Core Viewpoint - Host Hotels & Resorts, Inc. has released an updated investor presentation for the first quarter of 2025, highlighting its position as the largest lodging real estate investment trust in the United States [1]. Company Overview - Host Hotels & Resorts, Inc. is an S&P 500 company and the largest lodging real estate investment trust, owning 76 properties in the United States and five properties internationally, totaling approximately 43,400 rooms [2]. - The company also holds non-controlling interests in seven domestic and one international joint ventures [2]. Contact Information - The Chief Financial Officer and Investor Relations contacts are provided for further inquiries [3].

Core Viewpoint - Host Hotels & Resorts, Inc. (HST) reported strong first-quarter results, with adjusted funds from operations (AFFO) per share of 64 cents, exceeding expectations and reflecting a year-over-year increase of 4.9% [1][2] Financial Performance - Total revenues for Host Hotels reached $1.59 billion, surpassing the Zacks Consensus Estimate of $1.54 billion, and showing an 8.4% increase year-over-year [2] - Comparable hotel RevPAR was $240.18, up 7% from the previous year, primarily due to increased room rates [3] - Comparable hotel EBITDA was $504 million, reflecting a 5.9% increase from the prior year, driven by improved rates [3] Operational Metrics - The average room rate increased to $345.86 from $327.11 year-over-year [3] - Comparable average occupancy percentage rose to 69.4%, an increase of 80 basis points from the prior year [4] - Transient and group room nights declined by 0.8% and 0.6%, respectively, while contract business increased by 11.4% [4] Balance Sheet and Liquidity - As of March 31, 2025, Host Hotels had cash and cash equivalents of $428 million, down from $554 million at the end of 2024 [5] - Total liquidity stood at $2.2 billion, including $264 million in FF&E escrow reserves and $1.5 billion available under the credit facility [5] Share Repurchase and Capital Expenditure - In the first quarter, the company repurchased 6.3 million shares at an average price of $15.79, totaling $100 million, with approximately $585 million remaining under the repurchase program [6] - Capital expenditures totaled $146 million, with allocations for return on investment projects, renewal and replacement expenditures, and property damage reconstruction [7] 2025 Outlook - Host Hotels revised its full-year AFFO per share guidance to a range of $1.88-$1.97, higher than the previous guidance and the Zacks Consensus Estimate of $1.84 [8] - Expected comparable hotel RevPAR is projected between $221-$225 million, with adjusted EBITDAre estimated between $1.61 billion and $1.68 billion [8] - Total capital expenditure for 2025 is anticipated to be in the range of $580-$670 million [9]

Financial Data and Key Metrics Changes - Adjusted EBITDAre for the first quarter was $514 million, a 5.1% increase year-over-year, while adjusted FFO per share was $0.64, up 4.9% from last year [6] - Comparable hotel total RevPAR improved by 5.8% compared to the previous year, with a 7% increase driven by strong rate growth [6][7] - Comparable hotel EBITDA margin improved by 30 basis points year-over-year to 31.8% as revenue growth outpaced expenses [6][27] Business Line Data and Key Metrics Changes - Transient RevPAR grew by 6%, particularly strong in resorts due to a late Easter, with Maui's transient rooms sold up approximately 70% year-over-year [8][9] - Group RevPAR increased by 7% year-over-year, driven by special events and strong corporate group bookings [10][25] - Food and beverage RevPAR grew by 5%, with solid growth in both banquet and outlet revenues [11][20] Market Data and Key Metrics Changes - Strong performance noted in Washington DC, New York, New Orleans, Los Angeles, and Maui, with Maui showing a 16% RevPAR growth [9][10] - Business transient RevPAR was up 2%, driven by rate growth, while group room nights were down slightly compared to the previous year [10][25] - Total group revenue pace increased by 3.3% compared to the same time last year [10][26] Company Strategy and Development Direction - The company is focused on capital allocation, including share repurchases and property renovations, with $585 million remaining under the share repurchase program [14][15] - Continued investment in portfolio reinvestment, with comprehensive renovations completed at several properties [14][16] - The company maintains a cautious outlook for 2025, with guidance reflecting potential economic uncertainties [18][28] Management's Comments on Operating Environment and Future Outlook - Management remains cautious due to heightened macroeconomic uncertainty, maintaining comparable hotel RevPAR guidance with slight reductions to total RevPAR [18][28] - The company is well-positioned to weather economic fluctuations, supported by a strong balance sheet and diversified portfolio [19][31] - Future guidance includes expectations for a $32 million to $37 million change in adjusted EBITDAre for every 100 basis point change in RevPAR [29][30] Other Important Information - The company expects to complete the mid-rise condominium building at the Four Seasons Resort Orlando by the fourth quarter of this year [15] - Total property damage and remediation costs at the Don Cesar are estimated between $100 million and $110 million, with $10 million collected in business interruption proceeds [13][30] - The company has a weighted average maturity of five years at a 4.7% interest rate, with $2.2 billion in total available liquidity [31] Q&A Session Summary Question: Recent trends in April from a demand standpoint - Management noted that top markets are performing well, with international inbound travel affecting only a small portion of total room nights [36] Question: Outlook for Maui for the remainder of the year - Maui's EBITDA projection has improved, with expectations for continued improvement throughout the year [46] Question: Opportunities for acquisitions in the current market - Management expressed uncertainty about the transaction market but remains opportunistic in capital deployment [51][54] Question: Consumer environment and off-peak periods - No significant changes in trends were observed, with consistent performance across weekdays and weekends [64] Question: CapEx budget risks due to tariffs - Management is maintaining CapEx guidance and does not anticipate significant impacts from tariffs at this time [72][73] Question: Impact of administration policies on labor supply - No pressure on labor supply has been observed, with a strong recovery in staffing levels post-COVID [85][86] Question: Performance of the Rich Carlton, Turtle Bay - Turtle Bay's RevPAR was up 13% in the quarter, with positive performance expected [100]

Host Hotels & Resorts (HST) Q1 2025 Earnings Call May 01, 2025 11:00 AM ET Speaker0 Good morning, and welcome to the Host Hotels and Resorts First Quarter twenty twenty five Earnings Conference Call. Today's call is being recorded. At this time, I would like to turn the call over to Jamie Marcus, Senior Vice President of Investor Relations. Please go ahead. Thank you, and good morning, everyone. Speaker1 Before we begin, please note that many of the comments made today are considered to be forward looking s ...

Core Insights - Host Hotels (HST) reported a revenue of $1.59 billion for Q1 2025, marking an 8.4% year-over-year increase and a 3.00% surprise over the Zacks Consensus Estimate of $1.55 billion [1] - The earnings per share (EPS) for the same period was $0.64, compared to $0.38 a year ago, resulting in a 14.29% surprise over the consensus EPS estimate of $0.56 [1] Financial Performance Metrics - Average Occupancy Percentage was 69.4%, exceeding the two-analyst average estimate of 69.1% [4] - Revenue per Available Room (RevPAR) was $240.18, surpassing the two-analyst average estimate of $221.87 [4] - The number of properties remained at 79, matching the two-analyst average estimate [4] - The total number of rooms was 42,982, consistent with the average estimate from two analysts [4] - Average Room Rate was $345.86, compared to the $321.16 average estimate based on two analysts [4] - Room Revenues reached $938 million, exceeding the estimated $889.80 million by six analysts, representing a 10% year-over-year change [4] - Other Revenues were reported at $153 million, slightly below the $163.76 million average estimate, but reflecting a 5.5% year-over-year increase [4] - Food and Beverage Revenues totaled $503 million, surpassing the six-analyst average estimate of $499.76 million, with a year-over-year change of 6.3% [4] - Diluted Earnings per Share was $0.35, exceeding the five-analyst average estimate of $0.28 [4] Stock Performance - Shares of Host Hotels have returned -2.8% over the past month, compared to the Zacks S&P 500 composite's -0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Host Hotels (HST) came out with quarterly funds from operations (FFO) of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 14.29%. A quarter ago, it was expected that this lodging real estate investment trust would post FFO of $0.40 per share when it actually produced FFO of $0.44, delivering a surprise of 10%.Over the last four qu ...

Exhibit 99.2 Supplemental Financial Information MARCH 31, 2025 FOUR SEASONS RESORT AND RESIDENCES JACKSON H TABLE OF CONTENTS | 3 | OVERVIEW | | | --- | --- | --- | | | About Host Hotels & Resorts | 4 | | | Analyst Coverage | 5 | | | Forward-Looking Statements | 6 | | | Non-GAAP Financial Measures | 6 | | 7 | PROPERTY LEVEL DATNAD CORPORATE MEASURES | | | | Comparable Hotel Results by Location | 8 | | | Historical Comparable Hotel Results | 12 | | | Comparable Hotel Results 2025 Forecast and Full Year 2024 ...

Comparable Hotel RevPAR Growth of 7.0% and Comparable Hotel Total RevPAR Growth of 5.8%BETHESDA, Md., April 30, 2025 (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 2025. OPERATING RESULTS(unaudited, in millions, except per share and hotel statistics) Quarter ended March 31, 2025 2024 Percent Change Revenues$1,594 $1,471<td style="max-width:1%; width:1%; min-wi ...

Host Hotels & Resorts Inc. (HST) is expected to witness a stable operating environment due to a continuous improvement in the group business, a gradual recovery in business transient and steady leisure demand. This is likely to support its revenue growth. Also, a strategic capital-recycling program and a healthy balance sheet augur well. However, macroeconomic uncertainty and high interest rates are its concerns. What's Supporting Host Hotels? Solid dividend payouts are the biggest attraction for REIT inves ...

Group 1 - The core idea revolves around the strategy of purchasing assets at a price lower than their intrinsic value, which is considered a reliable method for generating profit [1] - The article emphasizes that the movement of an asset's price towards its intrinsic value does not rely on luck or chance [1] Group 2 - The content is intended solely for informational purposes and does not serve as a solicitation for buying or selling securities [2] - It is advised that individuals conduct their own research or consult a financial advisor before making investment decisions [2]