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Host Hotels & Resorts (HST) Q1 FFO Beats Estimates

Zacks Equity Research
Updated

Have you been eager to see how Host Hotels & Resorts Inc. HST performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Bethesda, Maryland – based hotel real estate investment trust’s (REIT) earnings release this morning:

A FFO Beat

Host Hotels came out with adjusted funds from operations ("FFO") of 41 cents per share, beating the Zacks Consensus Estimate of 38 cents.

Results reflect increase in comparable revenue per available room (“RevPAR”) backed by an uptick in average room rate and occupancy.

How Was the Earnings Surprise Trend?

Host Hotels has a decent earnings surprise history. Before posting earnings beat in Q1, the company delivered a positive surprise in the prior quarter. Overall, the company surpassed the Zacks Consensus Estimate by an average of 6.49% in the trailing four quarters.

Revenues Came In Lower Than Expected    

Host Hotels posted total revenues of $1.34 billion, which marginally missed the Zacks Consensus Estimate of $1.36 billion but exceeded the year-ago number of $1.30 billion.

Key Developments to Note:

For 2016, Host Hotels expects its adjusted FFO per share in a range of $1.65–$1.69, backed by comparable hotel RevPAR (constant U.S. dollar basis) growth of 3–4%.

What Zacks Rank Says

Host Hotels currently has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

Note: FFO, a widely accepted and reported measure of the performance of REITs, is derived by adding depreciation, amortization and other non-cash expenses to net income.

Check back later for our full write up on this HST earnings report later!

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HOST HOTEL&RSRT (HST): Free Stock Analysis Report
 
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Zacks Investment Research