I rate Park Hotels & Resorts Inc. (NYSE: PK ) a Hold, for income-focused investors interested in real estate investment trusts (REITs). While the dividend yield is very attractive, the risks of owning this REIT may not be worth it long term. TheDavid A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such a ...

Financial Performance - Total revenues for the year ended December 31, 2024, were $2,599 million, a decrease of 3.7% compared to $2,698 million in 2023 [294]. - Net income attributable to stockholders for 2024 was $212 million, significantly up from $97 million in 2023, representing a 118.6% increase [294]. - Earnings per share (EPS) for 2024 were $1.02 (basic) and $1.01 (diluted), compared to $0.44 for both in 2023, marking a 131.8% increase in basic EPS [294]. - Operating income increased to $391 million in 2024, up from $343 million in 2023, reflecting a 14.0% growth [294]. - Net income for the year ended December 31, 2023, was $226 million, an increase from $106 million in 2022, representing a growth of approximately 113.2% [299]. - The company reported a net income of $196.3 million, representing a 1.9% increase from the previous year [408]. Assets and Liabilities - Total assets as of December 31, 2024, were $9,161 million, a decrease from $9,419 million in 2023 [292]. - Total liabilities decreased to $5,567 million in 2024 from $5,651 million in 2023, a reduction of 1.5% [292]. - Cash and cash equivalents at the end of 2024 were $402 million, down from $717 million in 2023, indicating a decrease of 44.0% [292]. - The company had total assets of $9,161 million as of December 31, 2024, down from $9,419 million in 2023 [397]. - The aggregate cost of real estate for U.S. federal income tax purposes was approximately $5,807 billion as of December 31, 2024 [412]. Debt and Financing - The Company has fixed-rate debt with a carrying value of $3,665 million and an average interest rate of 5.11% [258]. - Variable-rate debt amounts to $200 million, with an average interest rate of 6.21% [258]. - As of December 31, 2024, total debt amounted to $3.841 billion, an increase from $3.765 billion in 2023 [350]. - The HHV Mortgage Loan has a principal balance of $1.275 billion with an interest rate of 4.20% and matures in November 2026 [351]. - The 2024 Term Loan of $200 million bears an all-in interest rate of 6.21% and matures on May 14, 2027 [355]. - The contractual maturities of debt as of December 31, 2024, include $60 million due in 2025 and $1.55 billion due in 2026 [365]. Capital Expenditures and Investments - Capital expenditures for property and equipment in 2024 were $227 million, compared to $285 million in 2023, a decrease of 20.4% [296]. - The company had outstanding commitments of approximately $95 million for capital expenditures as of December 31, 2024 [397]. - The company acquired two parcels of land for approximately $18 million during the year ended December 31, 2023 [337]. Dividends and Shareholder Returns - Dividends paid in 2024 totaled $512 million, significantly higher than $152 million in 2023, reflecting a 236.8% increase [296]. - Dividends declared per common share were $1.40 for 2024, $2.15 for 2023, and $0.28 for 2022, indicating a significant increase in dividend payouts [299]. - The company repurchased 8 million shares of common stock for $116 million in 2023, compared to 15 million shares for $180 million in 2022 [299]. - Ordinary dividends per share for 2024 were $1.285731, with capital gain distributions of $0.114269 [379]. Impairment and Depreciation - The Company reported property and equipment, net of $7,398 million as of December 31, 2024, with an impairment loss of approximately $12 million recognized during the year [276]. - The company recognized impairment losses of approximately $12 million related to two hotels in 2024 and $202 million for one hotel in 2023 [345][346]. - Depreciation of property and equipment was $256 million in 2024, compared to $286 million in 2023 [344]. - Accumulated depreciation at the end of 2024 was $2,771 million, up from $2,620 million in 2023 [412]. Revenue Recognition and Operations - The company recognizes revenue primarily from room rentals, food and beverage sales, and ancillary services, with a focus on timely revenue recognition [326]. - Hotel Adjusted EBITDA for 2024 was $683 million, slightly down from $686 million in 2023, but up from $630 million in 2022 [395]. - The company achieved an occupancy rate of 80.2%, which is a 3.4% increase compared to the previous year [408]. Strategic Initiatives and Future Outlook - The company plans to continue operating as a Real Estate Investment Trust (REIT) to maintain tax advantages and optimize capital structure [302]. - Future guidance indicates an expected revenue growth of 5% to 7% for the next fiscal year, driven by increased travel demand [408]. - The company is investing in new technology to enhance guest experience, with a budget allocation of $50 million for the upcoming fiscal year [408]. - Park Hotels & Resorts Inc. plans to expand its portfolio by acquiring additional properties, targeting a growth of 10% in total assets over the next two years [408]. - The company is focusing on sustainability initiatives, aiming to reduce energy consumption by 15% over the next three years [408].

Park (NYSE: PK) is one of the largest publicly-traded lodging real estate investment trusts ("REIT") with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 40 premium-branded hotels and resorts with approximately 25,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information. Forward-Looking Statements This supplement contains forward-lookin ...

Park Hotels & Resorts Inc. (NYSE:PK) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Ian Weissman - SVP, Corporate Strategy Tom Baltimore - Chairman & CEO Sean Dell'Orto - CFO Conference Call Participants Floris Van Dijkum - Compass Point Duane Pfennigwerth - Evercore ISI David Katz - Jefferies Smedes Rose - Citibank Chris Woronka - Deutsche Bank Chris Darling - Green Street Patrick Scholes - Truist Securities Jay Kornreich - Wedbush Securities Robin Farley - UBS Dori Kes ...

Core Insights - Park Hotels & Resorts reported $625 million in revenue for Q4 2024, a year-over-year decline of 4.9% and an EPS of $0.39 compared to $0.88 a year ago, indicating a significant drop in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of $602.92 million by 3.66%, while the EPS fell short of the consensus estimate of $0.40 by 2.50% [1] Financial Performance Metrics - Comparable RevPAR growth was -1.4%, better than the estimated -3.6% by analysts [4] - The occupancy rate was reported at 69.9%, slightly below the average estimate of 70.5% [4] - Room revenues reached $376 million, surpassing the average estimate of $361.10 million, but represented a year-over-year decline of 5.3% [4] - Ancillary hotel revenues were $60 million, exceeding the average estimate of $56.66 million, with a year-over-year decline of 1.6% [4] - Food and beverage revenues totaled $167 million, above the estimated $162.22 million, reflecting a year-over-year decrease of 6.2% [4] - Other revenues were reported at $22 million, slightly above the average estimate of $21.71 million, showing a year-over-year increase of 4.8% [4] - Diluted EPS was reported at $0.32, significantly higher than the average estimate of $0.07 [4] Stock Performance - Shares of Park Hotels & Resorts have returned -4.4% over the past month, contrasting with the Zacks S&P 500 composite's +2.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.39 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.50%. A quarter ago, it was expected that this company would post FFO of $0.49 per share when it actually produced FFO of $0.49, delivering no surprise.Over the last four quarters, the company has su ...

Exhibit 99.2 About Park and Safe Harbor Disclosure About Park Hotels & Resorts Inc. Park (NYSE: PK) is one of the largest publicly-traded lodging real estate investment trusts ("REIT") with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 40 premium-branded hotels and resorts with approximately 25,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for ...

– ACTIVATE-Kids is the First Study to Demonstrate Efficacy of an Oral Therapy for Children with PK Deficiency Who Are Not Regularly Transfused – – Safety Results Consistent with Safety Profile for Mitapivat Previously Observed in Adults with PK Deficiency Who Are Not Regularly Transfused – – First Mitapivat Pediatric Clinical Program for a Rare Hemolytic Anemia; Double-blind Period Completed for Both PK Deficiency Trials ACTIVATE-Kids and ACTIVATE-KidsT – CAMBRIDGE, Mass., Feb. 13, 2025 (GLOBE NEWSWIRE) -- ...

Albert Anthony is the pen name / stage name of markets analyst, contributor & host of The Future Investor, on the global investor platform Seeking Alpha, where he has covered over +200 companies, provides general markets commentary, and rates stocks in multiple sectors, while having grown a fan base of over +1K followers since 2023. Going beyond the investor platform, he is also a hobby investor of his own home-based fund called The Future Investor Fund, and talks investor topics on his Future Investor Chan ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...