- Adjusted Funds From Operations (AFFO) per share: 57 cents, higher than the estimated 56 cents and last year’s 53 cents.
- Revenue reached $1.47 billion, a 5.2% increase year over year, meeting estimates.
- Hotel occupancy rate was 74.4%, slightly up from 74.2% last year but below the estimated 75.2%.
- Operating profit margins for 2024 are expected to be similar to 2023.
- Comparable hotel EBITDA margins are predicted to decline due to impacts from the Maui wildfires, wage growth, real estate taxes, and insurance costs.
- Comparable hotel RevPAR (Revenue Per Available Room) grew by 0.1% for the quarter, impacted by a slow recovery in Maui and a shift in leisure demand to international destinations.
- Analyst recommendations: 17 buys, 3 holds, and 2 sells.
A look at Host Hotels & Resorts Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Host Hotels & Resorts Inc., a real estate trust with a diverse portfolio of upscale and luxury full-service hotel properties across various international locations, presents a promising long-term outlook according to Smartkarma’s Smart Scores. With a high Growth score of 5, Host Hotels & Resorts is positioned for robust expansion and development opportunities in the hospitality sector. Additionally, a solid Dividend score of 4 indicates the company’s strong ability to provide stable returns to its investors over time. Although the Value score of 3 suggests fair valuation, the company’s Resilience and Momentum scores of 3 each imply a steady performance in navigating market challenges and maintaining a consistent growth trajectory.
Overall, Host Hotels & Resorts seems well-equipped to capitalize on growth prospects and deliver attractive dividends to shareholders, supported by its solid standings in Growth and Dividend scores. Its diverse international presence in key markets enhances its resilience, while maintaining decent momentum in its operations. Investors may find Host Hotels & Resorts a compelling long-term investment option based on its favorable Smart Scores evaluation.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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