Host Hotels & Resorts, Inc. (NASDAQ:HST) Q1 2024 Results Conference Call May 2, 2024 11:00 AM ET Company Participants Jaime Marcus - Senior Vice President of Investor Relations Jim Risoleo - President and Chief Executive Officer Sourav Ghosh - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Bellisario - Baird Shaun Kelley - Bank of America Aryeh Klein - BMO Smedes Rose - Citi Stephen Grambling - Morgan Stanley Bill Crow - Raymond James Duane Pfennigwerth - Evercore ...

Host Hotels & Resorts, Inc. (HST) reported first-quarter adjusted funds from operations (AFFO) per share of 60 cents, surpassing the Zacks Consensus Estimate of 54 cents. Moreover, the figure increased 9.1% from the prior-year quarter.Results reflect year-over-year rise in revenues. However, comparable hotel RevPAR and EBITDA fell in the quarters. The lodging real estate investment trust also raised the 2024 outlook for AFFO per share.Host Hotels generated total revenues of $1.47 billion, beating the Zacks ...

Host Hotels & Resorts, Inc.’s (HST) first-quarter 2024 adjusted funds from operations (AFFO) per share of 60 cents outpaced the Zacks Consensus Estimate of 54 cents. Total revenues of $1.47 billion beat the Zacks Consensus Estimate of $1.43 billion.On a year-over-year basis, AFFO per share reported a 9.1% increase, while the top line rose 6.5%.  Increase in Room & F&B Revenues Boosts Total RevenuesHST’s room revenues grew 4% year over year to $853 million in the first quarter of 2024. The figure was ahead o ...

Host Hotels (HST) reported $1.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.5%. EPS of $0.60 for the same period compares to $0.40 a year ago.The reported revenue represents a surprise of +3.11% over the Zacks Consensus Estimate of $1.43 billion. With the consensus EPS estimate being $0.54, the EPS surprise was +11.11%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

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, ...

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 ...

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 ...

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. ...

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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 ...