Host Hotels Q3 AFFO Meets Estimates, Revenues Up Y/Y, '24 View Lowered
HST's Q3 performance reflects a year-over-year rise in total revenues, backed by higher room, food and beverage and other revenues.
Here's What Key Metrics Tell Us About Host Hotels (HST) Q3 Earnings
The headline numbers for Host Hotels (HST) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Host Hotels (HST) Q3 FFO Meet Estimates
Host Hotels (HST) came out with quarterly funds from operations (FFO) of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.41 per share a year ago.
Host Hotels Gears Up to Report Q3 Earnings: Key Factors to Consider
HST's Q3 earnings are likely to have benefited from its strategic capital allocations. However, high interest expenses raise concerns.
Host Hotels & Resorts: An Undervalued REIT With Growth Potential
Host Hotels & Resorts is significantly undervalued, trading at a single-digit FFO multiple, offering a 4.55% dividend yield, and potential for double-digit total returns. Despite its capital-intensive model and economic sensitivity, Host Hotels benefits from high-end properties, geographic diversification, and a strong balance sheet. Recent acquisitions, including The Ritz-Carlton O'ahu, demonstrate management's ability to add value through strategic purchases and renovations, enhancing long-term growth potential.
Host Hotels & Resorts: Attractive Valuation If You Don't Mind The Conservative Capital Structure
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.
Host Hotels & Resorts, Inc. (HST) Q2 2024 Earnings Call Transcript
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) Beats Q2 AFFO Estimates, Lowers '24 View
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.
Host Hotels (HST) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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) Tops Q2 FFO Estimates
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.
Here's Why Host Hotels (HST) is a Strong Value Stock
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What's in the Offing for Host Hotels (HST) in Q2 Earnings?
Host Hotels' (HST) Q2 earnings are likely to have benefited from the continued improvement in group business and business transient demand. However, high interest rates raise concerns.
