Host Hotels & Resorts, Inc. (HST) 10-Year Financial Performance & Capital Metrics

HST • • REIT / Real Estate

Real EstateHotel REITsLuxury & Upper Upscale HotelsLuxury Urban & Resort Hotels

AboutHost Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms. The Company also holds non-controlling interests in six domestic and one international joint ventures. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Swissôtel®, ibis® and Novotel®, as well as independent brands. For additional information, please visit the Company's website at www.hosthotels.com.Show more

Revenue $5.68B +7.0%
FFO $1.46B +1.5%
FFO/Share 2.07 +2.5%
FFO Payout 50.51% +32.7%
FFO per Share 2.07 +2.5%
NOI Margin 53.36% -0.6%
FFO Margin 25.67% -5.1%
ROE 10.25% -5.1%
ROA 5.51% -8.7%
Debt/Assets 43.25% +11.0%
Net Debt/EBITDA 3.11 +30.6%
Book Value/Share 9.60 +0.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 50.5%
✓Healthy dividend yield of 5.7%
✓Trading near 52-week high

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.66%

5Y0.77%

3Y25.29%

TTM8.28%

Profit (Net Income) CAGR

10Y-0.49%

5Y-5.4%

3Y-

TTM-12.13%

EPS CAGR

10Y0.31%

5Y-4.71%

3Y-

TTM-12.15%

ROCE

10Y Avg4.1%

5Y Avg2.33%

3Y Avg7.46%

Latest7.8%

Peer Comparison

Luxury Urban & Resort Hotels

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
XHRXenia Hotels & Resorts, Inc.	1.41B	14.87	99.13	1.33%	5.24%	4.6%	1.64%	1.04
HSTHost Hotels & Resorts, Inc.	12.7B	18.47	18.66	7.02%	11.12%	9.72%	7.48%	0.83
BHRBraemar Hotels & Resorts Inc.	208.07M	3.05	-3.96	-1.48%	-1.04%	-3.25%	32.11%	1.70

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	5.35B	5.43B	5.39B	5.52B	5.47B	1.62B	2.89B	4.91B	5.31B	5.68B
Revenue Growth %	0.01%	0.01%	-0.01%	0.03%	-0.01%	-0.7%	0.78%	0.7%	0.08%	0.07%
Property Operating Expenses	2.62B	2.63B	2.6B	2.65B	2.6B	1.13B	1.4B	2.2B	2.46B	2.65B
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	2.1B	2.12B	2.11B	2.34B	2.07B	1.44B	1.74B	1.94B	2.02B	2.16B
G&A Expenses	98M	106M	97M	104M	107M	89M	99M	107M	115M	117M
EBITDA+	1.34B	1.41B	1.43B	1.47B	1.48B	-288M	512M	1.44B	1.52B	1.64B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	708M	724M	751M	944M	676M	665M	762M	664M	697M	762M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	631M	684M	676M	530M	799M	-953M	-250M	775M	827M	875M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	234M	154M	167M	176M	222M	158M	191M	156M	187M	215M
Interest Coverage	2.70x	4.44x	4.05x	3.01x	3.60x	-6.03x	-1.31x	4.97x	4.42x	4.07x
Non-Operating Income	-151M	-275M	-136M	-947M	-385M	-150M	-339M	-50M	-148M	-61M
Pretax Income+	574M	811M	651M	1.3B	962M	-961M	-102M	669M	788M	721M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	9M	40M	80M	150M	30M	-220M	-91M	26M	36M	14M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	558M	762M	564M	1.09B	920M	-732M	-11M	633M	740M	697M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.24%	0.37%	-0.26%	0.93%	-0.15%	-1.8%	0.98%	58.55%	0.17%	-0.06%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.11%	0.17%	-0.12%	0.54%	-0.21%	-1.04%	12.21%	0.73%	0.11%	0.02%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.74	1.02	0.76	1.47	1.26	-1.05	-0.02	0.88	1.04	0.99
EPS Growth %	-0.23%	0.38%	-0.25%	0.93%	-0.14%	-1.83%	0.99%	57.77%	0.18%	-0.05%
EPS (Basic)	0.74	1.03	0.76	1.47	1.26	-1.05	-0.02	0.89	1.04	0.99
Diluted Shares Outstanding	752.9M	743.7M	739.1M	740.6M	731.1M	705.9M	710.3M	717.5M	712.8M	705.9M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	11.78B	11.41B	11.69B	12.09B	12.3B	12.89B	12.35B	12.27B	12.24B	13.05B
Asset Growth %	-0.03%	-0.03%	0.02%	0.03%	0.02%	0.05%	-0.04%	-0.01%	-0%	0.07%
Real Estate & Other Assets+	10.19B	9.81B	9.43B	9.35B	171M	360M	431M	459M	382M	506M
PP&E (Net)	738M	564M	501M	587M	10.27B	10.01B	10.54B	10.3B	10.17B	11.46B
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	514M	752M	1.44B	2.11B	1.81B	2.5B	1.33B	1.37B	1.56B	911M
Cash & Equivalents	239M	372M	913M	1.54B	1.57B	2.33B	807M	667M	1.14B	554M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	70M	152M	251M	281M	0	139M	414M	200M	217M	242M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	4.56B	4.21B	4.52B	4.4B	4.84B	6.46B	5.78B	5.39B	5.42B	6.27B
Total Debt+	4.02B	3.65B	3.95B	3.84B	4.4B	6.15B	5.46B	4.78B	4.77B	5.64B
Net Debt	3.78B	3.28B	3.04B	2.29B	2.83B	3.82B	4.65B	4.12B	3.63B	5.09B
Long-Term Debt	3.72B	3.65B	3.95B	3.79B	2.81B	4.07B	4.21B	3.22B	3.22B	4.09B
Short-Term Borrowings	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	1M	1M	1M	1M	606M	610M	564M	568M	563M	560M
Total Current Liabilities+	538M	487M	457M	344M	1.25B	1.61B	803M	1.43B	1.46B	1.4B
Accounts Payable	243M	278M	283M	293M	263M	71M	85M	372M	408M	351M
Deferred Revenue	1.29B	1.21B	1.17B	1.05B	0	0	0	0	0	0
Other Liabilities	298M	281M	285M	266M	175M	170M	198M	168M	1.23B	223M
Total Equity+	7.22B	7.2B	7.17B	7.69B	7.47B	6.43B	6.57B	6.88B	6.83B	6.78B
Equity Growth %	-0.05%	-0%	-0%	0.07%	-0.03%	-0.14%	0.02%	0.05%	-0.01%	-0.01%
Shareholders Equity	7.06B	6.99B	6.97B	7.49B	7.32B	6.32B	6.44B	6.71B	6.63B	6.61B
Minority Interest	161M	204M	196M	200M	148M	113M	131M	169M	193M	168M
Common Stock	8M	7M	7M	7M	7M	7M	7M	7M	7M	7M
Additional Paid-in Capital	8.3B	8.08B	8.1B	8.16B	7.67B	7.57B	7.7B	7.72B	7.54B	7.46B
Retained Earnings	-1.14B	-1.01B	-1.07B	-610M	-307M	-1.18B	-1.19B	-939M	-839M	-777M
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.05%	0.07%	0.05%	0.09%	0.08%	-0.06%	-0%	0.05%	0.06%	0.06%
Return on Equity (ROE)	0.08%	0.11%	0.08%	0.15%	0.12%	-0.11%	-0%	0.09%	0.11%	0.1%
Debt / Assets	0.34%	0.32%	0.34%	0.32%	0.36%	0.48%	0.44%	0.39%	0.39%	0.43%
Debt / Equity	0.56x	0.51x	0.55x	0.50x	0.59x	0.96x	0.83x	0.70x	0.70x	0.83x
Net Debt / EBITDA	2.82x	2.33x	2.13x	1.56x	1.92x	-	9.08x	2.86x	2.38x	3.11x
Book Value per Share	9.60	9.68	9.70	10.39	10.21	9.11	9.25	9.59	9.58	9.60

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.17B	1.3B	1.23B	1.3B	1.25B	-307M	292M	1.42B	1.44B	1.5B
Operating CF Growth %	0.02%	0.11%	-0.06%	0.06%	-0.04%	-1.25%	1.95%	3.85%	0.02%	0.04%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	571M	771M	571M	1.15B	932M	-741M	-11M	643M	752M	697M
Depreciation & Amortization	716M	724M	751M	944M	676M	665M	762M	664M	697M	762M
Stock-Based Compensation	11M	12M	11M	14M	15M	17M	18M	26M	30M	24M
Other Non-Cash Items	-113M	-243M	-90M	-867M	-284M	-124M	-283M	14M	50M	-99M
Working Capital Changes	-19M	12M	-51M	54M	-96M	41M	-101M	49M	-114M	106M
Cash from Investing+	-736M	-115M	-267M	100M	58M	-195M	-1.16B	-618M	-183M	-2.04B
Acquisitions (Net)	-336M	-45M	-485M	-1.03B	-607M	-5M	-1.46B	-301M	5M	0
Purchase of Investments	-20M	8M	-30M	-7M	-6M	-5M	-11M	-60M	0	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Investing	272M	480M	495M	1.6B	1.23B	286M	729M	11M	-188M	-2.04B
Cash from Financing+	-865M	-1.04B	-402M	-748M	-1.31B	1.23B	-657M	-874M	-771M	-13M
Dividends Paid	-646M	-596M	-628M	-629M	-623M	-320M	0	-150M	-547M	-737M
Common Dividends	-646M	-596M	-628M	-629M	-623M	-320M	0	-150M	-547M	-737M
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K
Share Repurchases	-675M	-218M	0	0	-482M	-169M	0	-27M	-182M	-107M
Other Financing	-18M	-4M	-54M	-16M	-149M	-53M	-38M	-13M	-36M	-46M
Net Change in Cash+	-445M	151M	565M	647M	-6M	726M	-1.52B	-79M	489M	-565M
Exchange Rate Effect	-1000K	1000K	1000K	-1000K	1000K	-1000K	0	-1000K	1000K	-1000K
Cash at Beginning	684M	221M	544M	1.11B	1.76B	1.75B	2.48B	953M	874M	1.36B
Cash at End	239M	372M	1.11B	1.76B	1.75B	2.48B	953M	874M	1.36B	798M
Free Cash Flow+	499M	753M	953M	826M	692M	-806M	-135M	912M	795M	950M
FCF Growth %	-0.3%	0.51%	0.27%	-0.13%	-0.16%	-2.16%	0.83%	7.76%	-0.13%	0.19%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.68	2	1.78	2.74	2.18	-0.09	1.06	1.81	2.02	2.07
FFO Payout Ratio	51.03%	40.11%	47.76%	30.97%	39.04%	-477.61%	0%	11.57%	38.07%	50.51%
NOI Margin	50.95%	51.66%	51.68%	52.01%	52.51%	30.06%	51.66%	55.23%	53.66%	53.36%
Net Debt / EBITDA	2.82x	2.33x	2.13x	1.56x	1.92x	-	9.08x	2.86x	2.38x	3.11x
Debt / Assets	34.09%	31.99%	33.82%	31.74%	35.76%	47.72%	44.16%	38.98%	38.98%	43.25%
Interest Coverage	2.70x	4.44x	4.05x	3.01x	3.60x	-6.03x	-1.31x	4.97x	4.42x	4.07x
Book Value / Share	9.6	9.68	9.7	10.39	10.21	9.11	9.25	9.59	9.58	9.6
Revenue Growth	0.55%	1.5%	-0.79%	2.54%	-1%	-70.38%	78.4%	69.79%	8.23%	7.02%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Occupancy	-	-	-	3.55B	3.43B	976M	1.86B	3.01B	3.24B	3.43B
Occupancy Growth	-	-	-	-	-3.27%	-71.55%	90.37%	62.22%	7.63%	5.61%
Food And Beverage	-	-	-	1.62B	1.65B	426M	-	-	-	1.72B
Food And Beverage Growth	-	-	-	-	1.92%	-74.13%	-	-	-	-
Hotel Other	-	-	-	361M	391M	218M	-	-	-	542M
Hotel Other Growth	-	-	-	-	8.31%	-44.25%	-	-	-	-
Food and Beverage	-	-	-	-	-	-	674M	1.42B	1.58B	-
Food and Beverage Growth	-	-	-	-	-	-	-	110.39%	11.57%	-
Hotel, Other	-	-	-	-	-	-	358M	475M	485M	-
Hotel, Other Growth	-	-	-	-	-	-	-	32.68%	2.11%	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	5.26B	-	5.42B	5.38B	1.6B	2.87B	4.84B	5.22B	5.58B
UNITED STATES Growth	-	-	-	-	-0.66%	-70.27%	79.13%	68.74%	7.92%	6.97%
Non-US	-	-	-	-	-	-	24M	71M	92M	101M
Non-US Growth	-	-	-	-	-	-	-	195.83%	29.58%	9.78%
CANADA	-	54M	-	67M	65M	13M	16M	54M	-	-
CANADA Growth	-	-	-	-	-2.99%	-80.00%	23.08%	237.50%	-	-
BRAZIL	-	34M	-	19M	23M	7M	8M	17M	-	-
BRAZIL Growth	-	-	-	-	21.05%	-69.57%	14.29%	112.50%	-	-
Non Us	-	-	-	107M	88M	20M	-	-	-	-
Non Us Growth	-	-	-	-	-17.76%	-77.27%	-	-	-	-
MEXICO	-	29M	-	21M	-	-	-	-	-	-
MEXICO Growth	-	-	-	-	-	-	-	-	-	-
AUSTRALIA	-	34M	19M	-	-	-	-	-	-	-
AUSTRALIA Growth	-	-	-44.12%	-	-	-	-	-	-	-
U S	5.17B	-	-	-	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-	-	-	-
C A	58M	-	-	-	-	-	-	-	-	-
C A Growth	-	-	-	-	-	-	-	-	-	-
N Z	45M	-	-	-	-	-	-	-	-	-
N Z Growth	-	-	-	-	-	-	-	-	-	-
A U	34M	-	-	-	-	-	-	-	-	-
A U Growth	-	-	-	-	-	-	-	-	-	-
M X	29M	-	-	-	-	-	-	-	-	-
M X Growth	-	-	-	-	-	-	-	-	-	-
C L	25M	-	-	-	-	-	-	-	-	-
C L Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Host Hotels & Resorts, Inc. (HST) has a price-to-earnings (P/E) ratio of 18.7x. This is roughly in line with market averages.

Growth & Financials

Host Hotels & Resorts, Inc. (HST) reported $5.93B in revenue for fiscal year 2024. This represents a 26% increase from $4.71B in 2011.

Host Hotels & Resorts, Inc. (HST) grew revenue by 7.0% over the past year. This is steady growth.

Yes, Host Hotels & Resorts, Inc. (HST) is profitable, generating $659.0M in net income for fiscal year 2024 (12.3% net margin).

Dividend & Returns

Yes, Host Hotels & Resorts, Inc. (HST) pays a dividend with a yield of 5.65%. This makes it attractive for income-focused investors.

Host Hotels & Resorts, Inc. (HST) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Industry Metrics

Host Hotels & Resorts, Inc. (HST) generated Funds From Operations (FFO) of $1.44B in the trailing twelve months. FFO is the primary profitability metric for REITs.

Host Hotels & Resorts, Inc. (HST) offers a 5.65% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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