HST Stock Recent News

One year ago, I selected a portfolio of 10 REITs for their double-digit dividend growth, believing they would outperform on share price and deliver superior total return. In this article, I hold myself accountable.  The World Beaters portfolio underperformed in share price, contrary to expectations, achieving a total return of (-3.48)%. The portfolio ended the year out yielding the VNQ by 12 bps, but did not achieve the anticipated share price outperformance, despite sterling operating results.

HST is well-poised to benefit from the improvement in the group business. However, macroeconomic uncertainty adds to its woes.

BETHESDA, Md., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation's largest lodging real estate investment trust, today announced that Host Hotels & Resorts, L.P. ("Host L.P."), for whom the Company acts as sole general partner, has priced its offering (the "Offering") of $700 million aggregate principal amount of 5.500% Senior Notes due 2035 (the "Notes"). The Notes are the Company's senior unsecured obligations. The Offering is expected to close on August 12, 2024, subject to the satisfaction or waiver of customary closing conditions.

Host Hotels & Resorts is a lodging REIT focused on luxury and upper upscale hotels, primarily under the Marriott and Hyatt brands. The company has significantly underperformed the Vanguard Real Estate Index Fund ETF in 2024. Q2 2024 results showed 7.5% Y/Y adjusted FFO growth thanks to expense control, higher occupancy, and share repurchases.

BETHESDA, Md., Aug. 01, 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 second 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.

Host Hotels & Resorts, Inc. (NASDAQ:HST ) Q2 2024 Results Conference Call August 1, 2024 10:00 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 David Katz - Jefferies Chris Darling - Green Street Chris Woronka - Deutsche Bank Dori Kesten - Wells Fargo Michael Bellisario - Baird Shaun Kelley - Bank of America Duane Pfennigwerth - Evercore ISI Smedes Rhodes - Citi Robin Farley - UBS Stephen Grambling - Morgan Stanley Bill Crow - Raymond James Operator Good morning, and welcome to the Host Hotels & Resorts Second Quarter 2024 Earnings Conference Call. Today's conference is being recorded.

Host Hotels (HST) posts better-than-expected Q2 AFFO on higher revenues, aided by improvements in group and contract business. However, it lowers its 2024 guidance.

While the top- and bottom-line numbers for Host Hotels (HST) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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.

Acquisitions of 1 Hotel Central Park and The Ritz-Carlton O'ahu, Turtle Bay Acquisitions of 1 Hotel Central Park and The Ritz-Carlton O'ahu, Turtle Bay