Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________________________________________________________________________________________________ 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, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commi ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDAre of $324 million for Q3 2024, a 10% decrease year-over-year due to $54 million in business interruption insurance proceeds received in the previous year [11] - Adjusted FFO per share was $0.36, with a year-over-year increase of 9% when excluding the business interruption proceeds [11] - Comparable hotel total RevPAR improved by 3.1% year-over-year, with comparable hotel RevPAR up 80 basis points [12] Business Line Data and Key Metrics Changes - Group room night revenue increased by 1% in Q3, driven by rate growth, while group room nights were flat [19] - Business transient revenue grew by 5% in Q3, supported by strong rate growth [19] - Comparable hotel food and beverage revenue grew by 6%, with banquet and catering revenue achieving the strongest third quarter in the company's history [31] Market Data and Key Metrics Changes - The company noted a year-over-year decline in RevPAR for Maui, which negatively impacted overall portfolio results by approximately 190 basis points [15] - Transient room nights sold at comparable resorts were up 4%, driven by recovery in Maui [20] - The sales and marketing efforts in Maui resulted in a revenue pace increase of over 35% for Thanksgiving and over 65% for the festive period compared to the previous year [18] Company Strategy and Development Direction - The company plans to continue prioritizing resiliency investments across its portfolio following the success of enhancements made at the Ritz-Carlton, Naples [10] - The updated capital expenditure guidance for 2024 is between $485 million and $580 million, focusing on redevelopment and ROI projects [25] - The company aims to maintain a strong balance sheet and is likely to test the market with non-core assets while remaining opportunistic in acquisitions [52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the labor market, noting that staffing levels have returned to optimal levels post-pandemic [76] - The company anticipates a comparable hotel total RevPAR growth of approximately 1% for 2024, despite the impact of recent hurricanes [39] - Management highlighted that the group business in Maui is expected to take longer to recover, with a focus on improving group booking activity in 2025 [58] Other Important Information - The company repurchased 3.5 million shares at an average price of $16.33 per share, totaling $57 million in repurchases for the quarter [22] - The company completed the issuance of $700 million of Series L senior notes at 5.5%, enhancing its liquidity position [44] - The anticipated returns for the residential condo development at Four Seasons Resort Orlando are projected to be in the mid to high-teens cash on cash [86] Q&A Session Summary Question: Thoughts on the transaction market and future buying/selling strategy - Management noted that both buyers and sellers had been on the sidelines due to a wide bid-ask spread but expects increased activity in the market next year as conditions improve [49][50] Question: Clarification on underlying EBITDA and Maui recovery - Management confirmed that the underlying EBITDA remains at $1.75 billion, factoring in expected recovery in Maui [54][56] Question: Current performance of the portfolio and growth rates - Management indicated that the portfolio would have seen closer to 3% RevPAR growth without the drag from Maui, with total expenses up 2.8% [68] Question: Expectations for group and transient recovery in Maui - Management highlighted that transient revenue is recovering well, while group bookings are lagging and expected to improve in 2025 [91][92] Question: Commentary on leisure rates and demand - Management reported that leisure transient ADRs are up 50% compared to 2019, with expectations for stabilization in 2025 [80][102]

BETHESDA, Md., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today provided an updated investor presentation for third quarter 2024 results. The investor presentation can be found on the Investor Relations section on the Company’s website at https://www.hosthotels.com/#key-investors-materials. ABOUT HOST HOTELS & RESORTS Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real e ...

Host Hotels & Resorts, Inc. (HST) reported third-quarter adjusted funds from operations (AFFO) per share of 36 cents, in line with the Zacks Consensus Estimate. However, the figure decreased by 12.2% from the prioryear quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results reflect a year-over-year rise in revenues triggered by higher room, food and beverages and other revenues. However, the lodging real estate investment trust lowered its 2024 guidance. Host Hotels genera ...

For the quarter ended September 2024, Host Hotels (HST) reported revenue of $1.32 billion, up 8.7% over the same period last year. EPS came in at $0.36, compared to $0.16 in the year-ago quarter.The reported revenue represents a surprise of +2.22% over the Zacks Consensus Estimate of $1.29 billion. With the consensus EPS estimate being $0.36, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Host Hotels (HST) came out with quarterly funds from operations (FFO) of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.41 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this lodging real estate investment trust would post FFO of $0.56 per share when it actually produced FFO of $0.57, delivering a surprise of 1.79%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.Host ...

OPERATING RESULTS (unaudited, in millions, except per share and hotel statistics) 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 Third Quarter 2024 Strong Group Contribution Leads to Total RevPAR Growth of 3.1% BETHESDA, Md; November 6, 2024 – Host Hotels & Resorts, Inc. (NASDAQ: HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), today ...

Host Hotels & Resorts, Inc. (HST) is scheduled to release third-quarter 2024 earnings results on Nov. 6, after market close. While the company’s quarterly results are likely to display a year over year rise in revenues, funds from operations (FFO) per share might display a decline.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the previous quarter, this Bethesda, MD-based lodging real estate investment trust (REIT) reported an adjusted FFO per share of 57 cents, surpassing the Z ...

It's not always easy to do what's not popular, but that's where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized. - John NeffAnalyst’s Disclosure: I/we have a beneficial long position in the shares of HST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with ...