Host Hotels' (HST) Q1 AFFO Beat Estimates, Revenues Up Y/Y

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 ...