HST's Q4 results reflect higher revenues due to better comparable hotel total RevPAR, driven by improved food and beverage revenues from the group business.
While the top- and bottom-line numbers for Host Hotels (HST) give a sense of how the business performed in the quarter ended December 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 $0.44 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.44 per share a year ago.
James Risoleo, Host Hotels CEO, joins 'Closing Bell Overtime' to talk quarterly results, consumer travel trends, and more.
Beyond analysts' top -and-bottom-line estimates for Host Hotels (HST), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
HST's Q4 earnings are likely to have benefited from its group business demand and strategic capital allocations. However, high interest expenses raise concerns.
Host Hotels' stock is undervalued, with potential for a rebound as weather impacts ease and margin expansion is expected in 2025. Q3'24 results were strong, with revenue growth and strategic share buybacks, despite challenges from Maui wildfires and higher wages. The company's diversified portfolio and solid balance sheet provide flexibility for acquisitions and buybacks, enhancing shareholder value.
Solid dividend payouts remain the biggest attraction for REIT investors, and HST's special dividend helps reach the total dividend figure for the year to 90 cents.
Host Hotels (HST) reported earnings 30 days ago. What's next for the stock?
Improvement in group travel demand and business transient demand, and capital-recycling moves are likely to aid HST's performance in the quarters ahead.
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Host Hotels & Resorts, Inc. (NASDAQ:HST ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Jamie Marcus - Senior Vice President-Investor Relations Jim Risoleo - President & Chief Executive Officer Sourav Ghosh - Executive Vice President & Chief Financial Officer Conference Call Participants Stephen Grambling - Morgan Stanley Michael Bellisario - Baird Smedes Rose - Citi David Katz - Jefferies Chris Darling - Green Street Ari Klein - BMO Capital Markets Chris Woronka - Deutsche Bank Robin Farley - UBS Duane Pfennigwerth - Evercore ISI Operator Good morning, and welcome to the Host Hotels & Resorts Third Quarter 2024 Earnings Conference Call. Today's conference is being recorded.