Host Hotels' (HST) Q4 FFO Meets Estimates, Occupancy Up Y/Y

Zacks02-23

Host Hotels & Resorts, Inc. HST reported fourth-quarter adjusted funds from operations (AFFO) per share of 44 cents, which was in line with the Zacks Consensus Estimate. Moreover, the figure remained ...

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Moreover, the figure remained ...</p>\n\n<a href=\"https://finance.yahoo.com/news/host-hotels-hst-q4-ffo-164300747.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Host Hotels' (HST) Q4 FFO Meets Estimates, Occupancy Up Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHost Hotels' (HST) Q4 FFO Meets Estimates, Occupancy Up Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-23 00:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/host-hotels-hst-q4-ffo-164300747.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Host Hotels & Resorts, Inc. HST reported fourth-quarter adjusted funds from operations (AFFO) per share of 44 cents, which was in line with the Zacks Consensus Estimate. Moreover, the figure remained ...</p>\n\n<a href=\"https://finance.yahoo.com/news/host-hotels-hst-q4-ffo-164300747.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/host-hotels-hst-q4-ffo-164300747.html","article_id":"2413824718","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ShfhwtDyA2WzDBKdAL7M8Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6f2cab89bf2cbad1966358e04258e202"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2413824718","pubTimestamp":1708620180,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Host Hotels & Resorts, Inc. HST reported fourth-quarter adjusted funds from operations  per share of 44 cents, which was in line with the Zacks Consensus Estimate. Moreover, the figure remained unchanged from the prior-year quarter.Results reflect higher revenues, driven by year-over-year occupancy growth. The lodging real estate investment trust also issued a better-than-anticipated 2024 outlook for AFFO per share.Per James F. Risoleo, president and CEO of the company, “Our results during the quarter were driven by rate increases of 0.4% and continued occupancy improvements at our convention and downtown hotels.”Host Hotels generated total revenues of $1.32 billion, beating the Zacks Consensus Estimate of $1.30 billion. The top line rose 4.8% on a year-over-year basis.In 2023, HST reported AFFO per share of $1.92, up from the prior year’s $1.79. The reported figure was in line with the Zacks Consensus Estimate. Total revenues of $5.31 billion increased 8.2% year over year and beat the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"主办酒店（HST）第四季度FFO符合预期，入住率同比上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DOC":1,"HST":1,"PEAK":1,"VTR":1},"content_text":"Host Hotels & Resorts, Inc. HST reported fourth-quarter adjusted funds from operations (AFFO) per share of 44 cents, which was in line with the Zacks Consensus Estimate. Moreover, the figure remained unchanged from the prior-year quarter.\nResults reflect higher revenues, driven by year-over-year occupancy growth. The lodging real estate investment trust also issued a better-than-anticipated 2024 outlook for AFFO per share.\nPer James F. Risoleo, president and CEO of the company, “Our results during the quarter were driven by rate increases of 0.4% and continued occupancy improvements at our convention and downtown hotels.”\nHost Hotels generated total revenues of $1.32 billion, beating the Zacks Consensus Estimate of $1.30 billion. The top line rose 4.8% on a year-over-year basis.\nIn 2023, HST reported AFFO per share of $1.92, up from the prior year’s $1.79. The reported figure was in line with the Zacks Consensus Estimate. Total revenues of $5.31 billion increased 8.2% year over year and beat the consensus mark of $5.29 billion.\nBehind the Headlines\nHost Hotels’ comparable hotel RevPAR was $202.92 in the reported quarter, climbing 1.5% from the year-ago quarter’s $199.97 and 4.4% from the fourth-quarter 2019 tally of $194.32. The rise was mainly backed by occupancy and rate growth in the quarter. We projected the same to be $205.15.\nComparable hotel EBITDA came in at $355 million, falling 5.3% from $375 million reported a year ago. The figure, however, surpassed the fourth-quarter 2019 tally of $337 million.\nThe average room rate of $301.84 in the fourth quarter increased from $300.71 reported in the year-ago quarter. The figure compared favorably with the $256.94 reported in fourth-quarter 2019.\nThe comparable average occupancy percentage in the quarter was 67.2%, up 70 basis points from the prior-year quarter. However, the figure was lower than the comparable average occupancy of 75.6% in fourth-quarter 2019.\nThe room nights for its transient business declined 2.5% year over year. The group business and contract businesses witnessed growth of 4.7% and 11.4%, respectively, from the prior-year period. Host Hotels’ transient, group and contract businesses accounted for roughly 61%, 35% and 4% of its 2023 room sales, respectively.\nBalance Sheet Position\nHost Hotels exited the fourth quarter with cash and cash equivalents of $1.14 billion, up from $916 million as of Sep 30, 2023.\nHST’s liquidity totaled $2.9 billion, including FF&E escrow reserves of $217 million as of Dec 31, 2023. It had $1.5 billion available under the revolver portion of the credit facility as of the same date.\nDuring the reported quarter, the company repurchased 1.9 million shares at an average price of $16.50 per share through its common share repurchase program for $31 million.\nCapital Expenditure\nAs of Dec 31, 2023, Host Hotels’ capital expenditure aggregated $646 million. Of this, $195 million was the total return on investment project spend, $274 million was renewal and replacement expenditure, and $177 million was renewal and replacement insurable reconstruction.\n2024 Outlook\nHost Hotels issued its outlook for 2024.\nIt projects full-year AFFO to be in the range of $1.92-$2.04. This is higher than the Zacks Consensus Estimate of $1.89.\nIt expects comparable hotel RevPAR to be in the range of $217-$233 million while adjusted EBITDAre is estimated between $1.590 billion and $1.680 billion.\nFor 2024, management anticipates total capital expenditure in the range of $500-$605 million.\nHost Hotels currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\n\nHost Hotels & Resorts, Inc. Price, Consensus and EPS Surprise\n\nHost Hotels & Resorts, Inc. price-consensus-eps-surprise-chart | Host Hotels & Resorts, Inc. Quote\n\nPerformance of Other REITs\nVentas, Inc. VTR reported a fourth-quarter 2023 normalized funds from operations (FFO) per share of 76 cents, in line with the Zacks Consensus Estimate. The reported figure increased 4.1% from the prior-year quarter’s tally.\nResults reflect better-than-anticipated revenues. Also, Ventas’ same-store cash NOI increased year over year on strong performance across the portfolio.\nHealthpeak Properties, Inc. PEAK reported fourth-quarter 2023 FFO as adjusted per share of 46 cents, beating the Zacks Consensus Estimate by a whisker. The reported figure rose 4.5% year over year.\nResults reflected better-than-anticipated revenues. Moreover, growth in same-store portfolio cash (adjusted) net operating income was witnessed across the portfolio. The company also issued its 2024 outlook.\nNote: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nHost Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report\nVentas, Inc. (VTR) : Free Stock Analysis Report\nHealthpeak Properties, Inc. (PEAK) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2413824718"}