Host Hotels Q3 RevPAR +1.8%; raises FY guidance; announces $550-600M Hyatt capital program

HOST HOTELS & RESORTS, INC.

2023-Q3 EPS reported $0.85 revenue$3,988,000,000

Comparable hotel RevPAR $201.32, +1.8% YoY; Total RevPAR -0.6% due to Maui wildfires.
Net income $113M (vs $116M YoY); Adj EBITDAre $361M +10.1%; FFO $0.41/sh +7.9%.
Repurchased 6.3M shares for $100M; paid $0.18/sh dividend, +20% QoQ.
Announced $550-600M Hyatt reinvestment at six hotels; Hyatt provides priority returns and $40M profit guarantees.
Raised full-year net income guidance to $741-781M and Adj EBITDAre to $1.60-1.64B; RevPAR growth midpoint held at 8%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HOST HOTELS & RESORTS, INC. reported the third quarter ended September 30, 2023 results: revenue $ 1,214, net income $ 113, EPS 0.16. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $ 1,214
Net income: $ 113
EPS: 0.16
Guidance: reaffirmed
Result: reported results

Exact text from the filing

in millions, except per share and hotel statistics) Quarter ended September 30, Year-to-date ended September 30, 2023 2022 Percent Change 2023 2022 Percent Change Revenues $ 1,214 $ 1,189 2.1 % $ 3,988 $ 3,644 9.4 % Comparable hotel revenues(1) 1,181 1,188 (0.6 %) 3,909 3,522 11.0 % Comparable hotel Total RevPAR(1) 312.35 314.25 (0.6 %) 348.41 313.90 11.0 %

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accession 0001070750-23-000128

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