Host Hotels & Resorts, Inc. (NASDAQ:HST ) Q4 2024 Earnings Conference Call February 20, 2025 10:00 AM ET Company Participants Jaime Marcus - SVP-IR Jim Risoleo - President and CEO Sourav Ghosh - EVP and CFO Conference Call Participants Michael Bellisario - Baird Smedes Rose - Citigroup Chris Woronka - Deutsche Bank David Katz - Jefferies Duane Pfennigwerth - Evercore ISI Chris Darling - Green Street Robin Farley - UBS Aryeh Klein - BMO Capital Markets Jay Kornreich - Wedbush Securities Floris van Dijkum - Compass Point Operator Good morning, and welcome to the Host Hotels & Resorts Fourth Quarter 2024 Earnings Conference Call. Today's conference is being recorded.
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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