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Host Hotels (HST) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-31 23:30
Host Hotels (HST) reported $1.47 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 5.2%. EPS of $0.57 for the same period compares to $0.29 a year ago. The reported revenue represents no surprise over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $0.56, the EPS surprise was +1.79%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...
Host Hotels (HST) Tops Q2 FFO Estimates
ZACKS· 2024-07-31 22:46
Host Hotels (HST) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.53 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 1.79%. A quarter ago, it was expected that this lodging real estate investment trust would post FFO of $0.54 per share when it actually produced FFO of $0.60, delivering a surprise of 11.11%. Over the last fou ...
Host Hotels & Resorts(HST) - 2024 Q2 - Quarterly Results
2024-07-31 20:43
OPERATING RESULTS (unaudited, in millions, except per share and hotel statistics) 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 Second Quarter 2024 Acquisitions of 1 Hotel Central Park and The Ritz-Carlton O'ahu, Turtle Bay BETHESDA, Md; July 31, 2024 – Host Hotels & Resorts, Inc. (NASDAQ: HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), today an ...
Host Hotels & Resorts Acquires 1 Hotel Central Park and Completes Acquisition of The Ritz-Carlton O'ahu, Turtle Bay
Newsfilter· 2024-07-31 20:30
BETHESDA, Md., July 31, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ:HST) ("Host" or the "Company"), the nation's largest lodging real estate investment trust, today announced that it has acquired the fee simple interest in the 234-room 1 Hotel Central Park (the "Property") for approximately $265 million in cash. The acquisition price represents an 11.1x EBITDA multiple or a cap rate of approximately 8.1% on the Property's 2024 estimated results1. The Property is expected to be among Host's ...
Host Hotels & Resorts Acquires 1 Hotel Central Park and Completes Acquisition of The Ritz-Carlton O'ahu, Turtle Bay
GlobeNewswire News Room· 2024-07-31 20:30
BETHESDA, Md., July 31, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) ("Host" or the "Company"), the nation's largest lodging real estate investment trust, today announced that it has acquired the fee simple interest in the 234-room 1 Hotel Central Park (the "Property") for approximately $265 million in cash. The acquisition price represents an 11.1x EBITDA multiple or a cap rate of approximately 8.1% on the Property's 2024 estimated results1. The Property is expected to be among Host's ...
Host Hotels & Resorts, Inc. Reports Results for the Second Quarter 2024
GlobeNewswire News Room· 2024-07-31 20:30
BETHESDA, Md., July 31, 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 second quarter of 2024. OPERATING RESULTS (unaudited, in millions, except per share and hotel statistics) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------|---------------------------------------------|--------------------|-----------------------|-------|------- ...
Host Hotels & Resorts Publishes 2024 Corporate Responsibility Report
Newsfilter· 2024-07-30 12:30
BETHESDA, Md., July 30, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ:HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), released its 2024 Corporate Responsibility (CR) Report, which details the Company's CR program and strategy along with its environmental, social and governance initiatives and industry-leading accomplishments. Additionally, the 2024 CR Report provides an update on the Company's performance and progress toward its 2030 environmental and ...
Host Hotels & Resorts Publishes 2024 Corporate Responsibility Report
GlobeNewswire News Room· 2024-07-30 12:30
BETHESDA, Md., July 30, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), released its 2024 Corporate Responsibility (CR) Report, which details the Company's CR program and strategy along with its environmental, social and governance initiatives and industry-leading accomplishments. Additionally, the 2024 CR Report provides an update on the Company's performance and progress toward its 2030 environmental an ...
Ynvisible Expands Market Reach in Asia Through Strategic Distribution Agreement with Taiwan's HST
Newsfile· 2024-07-30 07:00
. . . Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (OTCQB: YNVYF) (the "Company" or "Ynvisible"), a leading provider of printed e-paper display products, is pleased to announce that it signed a new distribution agreement with Hardware & Software Technology Co., Ltd. ("HST"), a leading technology provider in the Greater China region. Through this partnership, Ynvisible expands its presence in China, Taiwan, Hong Kong and Macau, making its ...
Is It Wise to Retain Host Hotels (HST) Stock in Your Portfolio?
ZACKS· 2024-06-27 16:20
Host Hotels has a strong Sunbelt exposure and presence in the top 20 U.S. markets. Its properties are advantageously located in central business districts of major cities with close proximity to airports and resort/conference destinations, thus driving demand. In the second half of 2024, the company is expected to witness a stable operating environment due to the continuous improvement in the group business and a gradual recovery in business transient. We expect comparable revenue per available room (RevPAR ...