Wednesday, Host Hotels & Resorts, Inc. (HST) announced its first-quarter financial results, reporting a net income of $501 million, or $0.72 a share, compared to $251 million, or $0.35 a share, last year.
Revenues rose 3.2 percent, to $1.645 billion from $1.594 billion in the prior year.
NAREIT FFO for the quarter stood at $454 million compared to $440 million in the earlier year.
Adjusted FFO increased to $460 million from $446 million in the previous year.
Looking forward to full-year 2026, the company now expects net income of $908 to $955 million, or $1.30 to $1.37 per share, instead of the previously announced $836 to $891 million, or $1.19 to $1.27 per share.
The company anticipates NAREIT FFO of $2.06 to $2.12 per share, and Adjusted FFO of $2.10 to $2.16 per share for the full year.
In the after-hours trading, HST is trading at $21.68 on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.