Lodging real-estate investment trust Host Hotels & Resorts Inc. (HST) reported first-quarter net income attributable to the company of $56 million, versus a loss of $2 million last year. On a per share basis, the company recorded earnings of $0.08, compared with a breakeven a year earlier.
Adjusted funds from operations or FFO stood at $0.28 per share for the recent period. On average, analysts polled by Thomson Reuters expected earnings per share of $0.23 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly total revenues of $1.26 billion, were higher than the prior year's $952 million. Analysts estimated revenues of $1.19 billion for the quarter.
For 2013, the firm now anticipates that earnings per share would range from around $0.31 - $0.39; net income to be between $238 million and $298 million; as well as adjusted FFO per share to range from about $1.25 to $1.33. Analysts project annual earnings of $1.26 per share. Comparable hotel RevPAR is expected to increase 5.0% to 7.0% for the year.
On an "as Adjusted" basis, the improvements in the company's results were driven by a 5.1% growth in comparable hotel RevPAR and strong performances at its luxury and resort and conference center properties, the company said in a statement.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.