8-K
filed February 21, 2024, 6:59 PM ET
ticker HST
CIK 0001070750
earnings
confidence high
sentiment positive
materiality 0.75
Host Hotels full-year 2023 RevPAR grows 8.1% to $211.71, exceeds guidance midpoint; declares $0.20 Q1 dividend
HOST HOTELS & RESORTS, INC.
2023-FY EPS reported
$1.04
revenue$5,311,000,000
- Full-year comparable hotel RevPAR $211.71, up 8.1% YoY; net income $752M (+17%) and diluted EPS $1.04.
- Q4 RevPAR $202.92 (+1.5%); net income $134M (-10.1%) due to Maui wildfire impact of ~$15M.
- 2024 guidance: RevPAR growth 2.5%-5.5%; net income $708-794M; FFO/sh $1.92-2.04.
- Returned over $700M to stockholders; repurchased $181M stock; increased quarterly dividend 11% to $0.20/sh.
- Completed Marriott Transformational Capital Program; received credit rating upgrades to BBB/BBB-.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HOST HOTELS & RESORTS, INC. reported fourth quarter ended December 31, 2023 results: revenue $ 1,323, net income $ 134, EPS 0.19. Guidance initiated.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- $ 1,323
- Net income
- $ 134
- EPS
- 0.19
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
(unaudited, in millions, except per share and hotel statistics) Quarter ended December 31, Year ended December 31, 2023 2022 Percent Change 2023 2022 Percent Change Revenues $ 1,323 $ 1,263 4.8 % $ 5,311 $ 4,907 8.2 % Comparable hotel revenues(1) 1,260 1,251 0.7 % 5,169 4,773 8.3 % Comparable hotel Total RevPAR(1) 333.43 331.14 0.7 % 344.63 318.25 8.3 %
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HOST HOTELS & RESORTS, INC. reported year ended December 31, 2023 results: revenue $ 5,311, net income $ 752, EPS 1.04. Guidance initiated.
- Period
- year ended December 31, 2023
- Revenue
- $ 5,311
- Net income
- $ 752
- EPS
- 1.04
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
except per share and hotel statistics) Quarter ended December 31, Year ended December 31, 2023 2022 Percent Change 2023 2022 Percent Change Revenues $ 1,323 $ 1,263 4.8 % $ 5,311 $ 4,907 8.2 % Comparable hotel revenues(1) 1,260 1,251 0.7 % 5,169 4,773 8.3 % Comparable hotel Total RevPAR(1) 333.43 331.14 0.7 % 344.63 318.25 8.3 % Comparable hotel RevPAR(1)
View on SEC.gov
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