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TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it will release its financial results for the second quarter 2025 after the stock market closes on Thursday, July 31, 2025. Park will hold a conference call on Friday, August, 1, 2025 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook. The conference call will be accessible by telephone and through the internet. Interested indiv.
Share buyback activity by US equity real estate investment trusts more than doubled in the first quarter, according to an analysis by S&P Global Market Intelligence. The US REIT sector bought back around $993.2 million in common stock in the period, more than twice as much as the $456.2 million in the fourth quarter of 2024 and up 15.5% year over year. More than a dozen REITs announced new share repurchase programs during the first quarter.
PK sells Hyatt Centric Fisherman's Wharf for $80M, advancing its 2025 goal to dispose of $300M-$400M in non-core hotel assets.
TYSONS, Va.--(BUSINESS WIRE)---- $PK--Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it has closed on the sale of the 316-room Hyatt Centric Fisherman's Wharf located in San Francisco, CA for $80 million, or $253,000 per key. The sale price represents 64.0x 2024 EBITDA of the hotel. Proceeds from the sale will be used for ongoing return on investment (“ROI”) projects in Park's portfolio and for other general corporate purposes. “Despite a challenging transaction market, I am ve.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Park Hotels & Resorts Inc. (NYSE:PK ) Q1 2025 Earnings Conference Call May 5, 2025 10:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman & CEO Sean Dell'Orto - CFO Conference Call Participants Floris Van Dijkum - Compass Point David Katz - Jefferies Duane Pfennigwerth - Evercore ISI Patrick Scholes - Truist Securities Smedes Rose - Citi Chris Woronka - Deutsche Bank Jay Kornreich - Wedbush Securities Robin Farley - UBS Chris Darling - Green Street Dany Asad - Bank of America Operator Greetings and welcome to the Park, Hotels and Resorts First Quarter 2025 Earnings Conference Call. At this time, all participants are in the listen-only mode.
While the top- and bottom-line numbers for Park Hotels & Resorts (PK) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.46 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to FFO of $0.52 per share a year ago.
TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2025 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data) Three Months Ended March 31, 2025 2024 Change(1) Comparable RevPAR $ 177.67 $ 178.94 (0.7 )% Comparable Occupancy 69.2 % 71.3 % (2.1).
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