Overview

* Host Hotels Q3 revenue grows 0.9%, beating analyst expectations

* Net income for Q3 rises 94%, benefitting from asset sale gains

* Company completes sale of Washington Marriott at Metro Center

Outlook

* Host Hotels raises full-year comparable hotel RevPAR growth guidance to ~3.0%

* Company increases 2025 net income guidance to $780 mln

* Host Hotels anticipates 2025 Adjusted EBITDAre of $1,730 mln

Result Drivers

* TRANSIENT DEMAND - Strong transient demand drove improvements in room revenues and ancillary spend, contributing to RevPAR growth

* ROOM RATE INCREASES - Higher room rates across the portfolio and improving leisure transient trends in Maui supported RevPAR growth

* ASSET SALE - Sale of Washington Marriott at Metro Center contributed to a significant increase in net income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.33 $1.31

Revenue bln bln (11

Analysts

)

Q3 EPS $0.23

Q3 Net $163 mln

Income

Q3 7.60%

Operatin

g profit

margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Host Hotels & Resorts Inc ( HST ) is $18.50, about 13.2% above its November 4 closing price of $16.05

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)