Host Hotels & Resorts Q4 Earnings Beat Estimates, Revenue Surpasses Forecasts
BETHESDA, Md. (AP) - Host Hotels & Resorts Inc. (HST) reported strong profitability metrics in its fourth quarter, exceeding Wall Street expectations.
* Funds from operations (FFO): $312 million, or $0.44 per share
* Consensus estimate: $0.40 per share
* Net income: $108 million, or $0.15 per share
* Revenue: $1.43 billion
* Consensus estimate: $1.38 billion
For the full year, Host Hotels reported:
* FFO: $1.39 billion
* Revenue: $5.68 billion
Forward Guidance
Host Hotels anticipates full-year 2023 FFO between $1.82 and $1.91 per share, with revenue ranging from $6 billion to $6.1 billion.