Financial Performance - The company reported a market capitalization of $12.4 billion as of December 31, 2024[8]. - The enterprise value of the company is $17.2 billion[9]. - Total revenues for domestic properties reached $1,347.9 million, with hotel EBITDA of $378.1 million[25]. - The company reported a net income of $134.0 million for the quarter, indicating strong profitability[34]. - Total revenues for comparable hotels reached $5,545.9 million, with an average room rate of $306.81 and an occupancy percentage of 70.4%[40]. - Hotel net income for all locations was $707.4 million, with an EBITDA of $1,698.0 million[46]. - The company reported a total EBITDA of $370.3 million for comparable hotels, with significant contributions from locations such as New York and San Diego[36]. - The total EBITDA for the company, including all adjustments, was reported at $1,726.2 million for the year[63]. - Net income for the year ended December 31, 2024, was $707 million, projected to be $516 million for 2025[69]. - Total revenues for the year ended December 31, 2024, reached $5,684 million, with comparable hotel revenues at $5,732 million[67]. Operational Metrics - The average room rate across domestic properties was $320.79 with an occupancy percentage of 67.2%[25]. - The RevPAR (Revenue per Available Room) for domestic properties was $215.59[25]. - The average daily room rate (ADR) across all locations was $307.05, contributing to a RevPAR of $206.67[34]. - The average RevPAR (Revenue per Available Room) for comparable hotels was $216.06, indicating effective revenue management strategies[44]. - The average occupancy rate for the top 40 hotels was 72.8%, while the remaining 41 hotels had an occupancy rate of 67.2%[61]. - The average revenue per available room (RevPAR) for the top 40 hotels was $391.15, indicating strong performance[61]. - The average occupancy rate for the San Francisco/San Jose area was 65.3%, with a hotel net income of $(17.0) million, highlighting challenges in that market[44]. Market Presence and Expansion - The company operates 73 properties with a total of 41,009 rooms in the domestic market[25]. - The company plans to expand its market presence by separating the Oahu and Maui markets starting Q3 2024[32]. - The company plans to continue expanding its market presence, focusing on both domestic and international properties[49]. - The company anticipates continued recovery in the travel and lodging industry, influenced by external factors such as the Maui wildfires[18]. - The company plans to continue expanding its market presence and enhancing its portfolio through strategic acquisitions and new developments[54]. Financial Ratios and Debt - As of December 31, 2024, the company has a total debt of $5,083 million, an increase from $4,209 million in the previous year[88]. - The leverage ratio is at 7.2x, which is below the maximum permitted level of 7.25x[95]. - The consolidated fixed charge coverage ratio stands at 3.3x, exceeding the minimum requirement of 1.25x[95]. - The weighted average interest rate on the company's debt is 4.7%, with 80% of the debt being fixed rate[88]. - The company has a weighted average debt maturity of 5.2 years, an increase from 4.2 years in the previous year[88]. - The GAAP total indebtedness to total assets ratio is 39%, while the total indebtedness to total assets per senior notes indenture is 23%[103]. Non-GAAP Measures - The company utilizes non-GAAP financial measures, including Funds From Operations (FFO) and EBITDA, to assess performance[19]. - The company presents NAREIT FFO and NAREIT FFO per diluted share as non-GAAP measures, which are useful for evaluating operating performance[122]. - Adjusted EBITDA is presented to provide additional performance measures, facilitating comparisons with other REITs[131]. - The company emphasizes that non-GAAP measures should not be considered alternatives to GAAP measures like net income or cash from operations[135]. - The company excludes property insurance gains and losses from Adjusted EBITDA to reflect ongoing asset performance accurately[133]. Challenges and Future Outlook - Non-comparable hotels reported a loss of $2.2 million, highlighting challenges in certain segments[34]. - The company is focusing on enhancing operational strategies to improve overall performance and profitability in the upcoming quarters[34]. - Future guidance indicates a focus on enhancing user data analytics to improve operational efficiency and customer experience[49]. - The company acknowledges that renovations are a regular part of the business, impacting the comparability of hotel performance[117]. - The company forecasts potential changes in overall economic outlook, which may affect RevPAR and interest expense[114].

Core Insights - Host Hotels & Resorts, Inc. reported a total revenue of $5.684 billion for the full year 2024, reflecting a 7.0% increase compared to 2023, with fourth-quarter revenue reaching $1.428 billion, a 7.9% increase year-over-year [2][3][29] - The company completed $1.5 billion in acquisitions during 2024, enhancing its portfolio with four properties, three of which are in new markets [4][5] - Comparable hotel Total RevPAR for 2024 was $355.88, representing a 2.1% increase from 2023, driven by improvements in food and beverage revenues from group business [4][7] Financial Performance - Net income for the full year 2024 was $707 million, a decrease of 6.0% from 2023, while fourth-quarter net income was $109 million, down 18.7% year-over-year [3][10][30] - Comparable hotel EBITDA for 2024 was $1.622 billion, a slight increase of 0.3% compared to 2023, with a comparable hotel EBITDA margin of 29.2% [7][13] - The company repurchased 6.3 million shares at an average price of $16.99 per share, totaling $107 million, with approximately $685 million remaining under the repurchase program as of December 31, 2024 [5][10] Capital Expenditures and Investments - Host Hotels invested $548 million in capital expenditures in 2024, including resiliency investments and progress on the Hyatt Transformational Capital Program [4][5] - The company issued $1.3 billion in senior notes and repaid $400 million of senior notes at maturity, maintaining a balanced maturity schedule with a total debt of $5.1 billion [4][14] Market and Operational Insights - The company anticipates a comparable hotel Total RevPAR growth of 1.0% to 3.0% in 2025, supported by a stable operating environment and recovery in group business [4][17] - The impact of Hurricanes Helene and Milton in 2024 is estimated to have negatively affected net income by $21 million and Adjusted EBITDAre by $15 million [8][18] - The company’s customer mix for 2024 included approximately 60% transient, 36% group, and 4% contract business, with transient room nights increasing by 2.8% year-over-year [11][12]

Core Insights - Host Hotels & Resorts, Inc. reported a total revenue of $5.684 billion for the full year 2024, reflecting a 7.0% increase compared to 2023 [3][7] - The company completed $1.5 billion in acquisitions during 2024, enhancing its portfolio with four properties, three of which are in new markets [4][5] - Comparable hotel Total RevPAR for 2024 was $355.88, representing a 2.1% increase from 2023, driven by improvements in food and beverage revenues [4][7] Financial Performance - For Q4 2024, revenues reached $1.428 billion, a 7.9% increase from Q4 2023 [3][13] - Net income for Q4 2024 was $109 million, down 18.7% from the previous year, while full-year net income was $707 million, a decrease of 6.0% [3][7] - Adjusted EBITDAre for the full year was $1.656 billion, a 1.7% increase compared to 2023 [3][7] Operational Highlights - Comparable hotel RevPAR for Q4 2024 was $212.86, a 3.0% increase year-over-year, while full-year comparable hotel RevPAR increased by 0.9% [3][7] - The company returned $844 million to shareholders through dividends and share repurchases in 2024 [4][5] - The company maintained a balanced maturity schedule with a net issuance of $900 million in senior notes in 2024 [4][5] Capital Expenditures and Investments - Host Hotels invested $548 million in capital expenditures and resiliency investments in 2024 [4][5] - The company anticipates capital expenditures of approximately $580 million for 2025 [13][15] Market and Business Outlook - The company expects comparable hotel Total RevPAR growth of 1.0% to 3.0% in 2025, indicating a stable operating environment [4][17] - The anticipated impact of the Maui wildfires and hurricanes on operating results is expected to continue into 2025, affecting margins and income [18][19] - The company projects net income for 2025 to be between $486 million and $546 million, with Adjusted EBITDAre expected to range from $1.590 billion to $1.650 billion [19]

Host Hotels & Resorts, Inc. (HST) is scheduled to release fourth-quarter and full-year 2024 earnings results on Feb. 19, after market close. While the company’s quarterly results are likely to display a year-over-year rise in revenues, adjusted funds from operations (AFFO) per share might display a decline.See the Zacks Earnings Calendar to stay ahead of market-making news.In the previous quarter, this Bethesda, MD-based lodging real estate investment trust (REIT) reported an AFFO per share of 36 cents, in ...

Host Hotels (NASDAQ: HST ) owns a portfolio of 81 hotels consisting of 43,400 rooms in 21 top U.S. markets in the United States. The company is focused on luxury and upper-upscale hotels and resorts in primeI'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their invested capital over ...

Company Recognition and Sustainability Leadership - Host Hotels & Resorts has been named to the Dow Jones Sustainability World Index (DJSI World) for the sixth consecutive year, solidifying its position as a global sustainability leader [1] - The company has also been included in the DJSI North America for the eighth consecutive year [1] - Host Hotels & Resorts is one of only four U S real estate investment trusts to make the DJSI World list, which tracks the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on sustainability performance [1] Corporate Responsibility Achievements - The company has expanded sustainable financing to nearly $5 billion to support investments in sustainable projects and green building certifications [4] - Over the past five years, Host Hotels & Resorts has completed 720 projects with sustainability attributes, resulting in $23 million in estimated annual utility savings and 13-20% average cash-on-cash returns [4] - The company has achieved four new LEED certifications, bringing the total to 20 properties with LEED certification, with another 17 projects in the pipeline [4] - Host Hotels & Resorts has reached its annual target of at least 90% employee participation in charitable giving and/or volunteerism [4] - The company has tripled the number of employees participating in development programs through targeted learning and development opportunities [4] - Host Hotels & Resorts exceeded its annual target of 85% employee engagement, with 88% of employees noted as highly engaged in the most recent employee engagement survey [4] Company Overview - Host Hotels & Resorts is the largest lodging real estate investment trust in the U S and one of the largest owners of luxury and upper-upscale hotels [4] - The company currently owns 76 properties in the U S and five properties internationally, totaling approximately 43,400 rooms [5] - Host Hotels & Resorts holds non-controlling interests in seven domestic and one international joint ventures [5]

BETHESDA, Md., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ:HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), has been named to the Dow Jones Sustainability World Index (DJSI World) for the sixth consecutive year, maintaining its position as a global sustainability leader. Additionally, the Company has been included in the DJSI North America for the eighth consecutive year.  The DJSI World is comprised of corporate leaders in global sustainabi ...

BETHESDA, Md., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ:HST) (the "Company"), the nation's largest lodging real estate investment trust, will report fourth quarter 2024 financial results on Wednesday, February 19, 2025, after the market close. The Company will hold a conference call to discuss its fourth quarter 2024 results and business outlook on Thursday, February 20, 2025, at 10:00 a.m. ET. Conference call access information is as follows: Conference Call: USA/Canada Toll Fr ...

BETHESDA, Md., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, will report fourth quarter 2024 financial results on Wednesday, February 19, 2025, after the market close. The Company will hold a conference call to discuss its fourth quarter 2024 results and business outlook on Thursday, February 20, 2025, at 10:00 a.m. ET. Conference call access information is as follows: Conference Call: USA/Canada Toll F ...

Host Hotels & Resorts Inc.’s (HST) board of directors announced a special dividend of 10 cents per share. This is in addition to a quarterly cash dividend of 20 cents per share. The total dividend will be paid out on Jan. 15, 2025, to shareholders of record as of Dec. 31, 2024.Including the special dividend, the total dividends declared for the year now come to 90 cents per share. At this new rate, the annualized yield reaches 4.75% based on the stock’s closing price of $18.93 on Dec. 11.Solid dividend payo ...