Park Hotels & Resorts Inc. (PK)
Park Hotels & Resorts: Strong Foundation And Long-Term Upside Outweigh Near-Term Headwinds
Park Hotels & Resorts is rated a Buy, supported by solid AFFO, conservative management, and a sustainable nearly double-digit dividend amid industry headwinds. PK's Q3 revenue declined 6% YoY, but the REIT maintains a healthy payout ratio despite AFFO dropping YoY, with a ~9.6% dividend yield. Ongoing divestitures and debt management efforts position Park to strengthen its balance sheet ahead of a large 2026 maturity, potentially offering a solid point of relief for the market.
Park Hotels & Resorts Inc. (PK) Q3 2025 Earnings Call Transcript
Park Hotels & Resorts Inc. ( PK ) Q3 2025 Earnings Call October 31, 2025 11:00 AM EDT Company Participants Ian Weissman - Senior Vice President of Corporate Strategy Thomas Baltimore - Chairman, President & CEO Sean Dell'Orto - Executive VP, CFO & Treasurer Conference Call Participants Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division Bennett Rose - Citigroup Inc., Research Division Chris Woronka - Deutsche Bank AG, Research Division David Katz - Jefferies LLC, Research Division Charles Scholes - Truist Securities, Inc., Research Division Stephen Grambling - Morgan Stanley, Research Division Chris Darling - Green Street Advisors, LLC, Research Division Jay Kornreich - Cantor Fitzgerald & Co., Research Division Cooper Clark - Wells Fargo Securities, LLC, Research Division Daniel Politzer - JPMorgan Chase & Co, Research Division Robin Farley - UBS Investment Bank, Research Division Aryeh Klein - BMO Capital Markets Equity Research Kenneth Billingsley - Compass Point Research & Trading, LLC, Research Division Presentation Operator Greetings, and welcome to the Park Hotels & Resorts Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.
Here's What Key Metrics Tell Us About Park Hotels & Resorts (PK) Q3 Earnings
While the top- and bottom-line numbers for Park Hotels & Resorts (PK) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Park Hotels & Resorts (PK) Q3 FFO Lag Estimates
Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.49 per share a year ago.
Park Hotels & Resorts: Luxury Assets, Fragile Fundamentals
Park Hotels & Resorts focuses on high-end U.S. hotels, prioritizing profitability by divesting non-core assets and concentrating on luxury urban and resort markets. Despite post-pandemic recovery, revenue and operating metrics have stagnated, while leverage remains high and dividend payouts exceed sustainable funds from operations. The REIT's strategy combines renovations, selective buybacks, and a high dividend, but fundamentals have deteriorated, making the yield risky and unsustainable long-term.
Park Hotels & Resorts Inc. (PK) Q2 2025 Earnings Call Transcript
Park Hotels & Resorts Inc. (NYSE:PK ) Q2 2025 Earnings Conference Call August 1, 2025 11:00 AM ET Company Participants Ian C. Weissman - Senior Vice President of Corporate Strategy Sean M.
Here's What Key Metrics Tell Us About Park Hotels & Resorts (PK) Q2 Earnings
Although the revenue and EPS for Park Hotels & Resorts (PK) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Park Hotels & Resorts (PK) Beats Q2 FFO Estimates
Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.64 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to FFO of $0.65 per share a year ago.
Park Hotels & Resorts: Deep Value, High Yield
Park Hotels & Resorts Inc.'s common stock has shed over 30% in market value year-over-year. As a consequence, the REIT has a yield of 13%+ and a P/FFO ratio, which is materially lower than some of its peers. Softer growth is to be expected at this stage of the economic cycle, but PK REIT's core remains resilient, especially if we adjust its P&L for non-core items.
Park Hotels Announces $80M Sale of Hyatt Centric Fisherman's Wharf
PK sells Hyatt Centric Fisherman's Wharf for $80M, advancing its 2025 goal to dispose of $300M-$400M in non-core hotel assets.
Park Hotels & Resorts (PK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Park Hotels & Resorts (PK) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Park Hotels & Resorts (PK) Surpasses Q1 FFO and Revenue Estimates
Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.46 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to FFO of $0.52 per share a year ago.
