secwatch.observer — SEC 8-K summary
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Issuer:     HOST HOTELS & RESORTS, INC. (HST)
CIK:        0001070750
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001070750-24-000075
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Host Hotels full-year 2023 RevPAR grows 8.1% to $211.71, exceeds guidance midpoint; declares $0.20 Q1 dividend
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- 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-.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070750/000107075024000075/0001070750-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070750/000107075024000075/hst-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001070750-24-000075

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