Host Hotels & Resorts, Inc.

HST

US44107P1049

Specialized REITs

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
18.42 ^USD	+1.04%		-0.16%	-5.39%

May. 08	Wedbush Adjusts Price Target on Host Hotels & Resorts to $22 From $23	MT
May. 03	Deutsche Bank Adjusts Price Target on Host Hotels & Resorts to $24 From $25, Buy Rating Kept	MT

Host Hotels & Resorts : Second Quarter 2023 Supplemental Financial Information

August 02, 2023 at 05:22 pm EDT

SUPPLEMENTAL FINANCIAL INFORMATION

June 30, 2023

TABLE OF CONTENTS

3	OVERVIEW
	About Host Hotels & Resorts	4

	Analyst Coverage	5

	Forward-Looking Statements	6

	Non-GAAP Financial Measures	7
8	PROPERTY LEVEL DATA
	Comparable Hotel Results by Location	9
	Historical Comparable Hotel Results	17
	Comparable Hotel Results 2023 Forecast	18
	Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre and Diluted Earnings per Common Share to NAREIT and Adjusted Funds From	20
	Operations per Diluted Share for Full Year 2023 Forecasts
	Ground Lease Summary as of December 31, 2022	21
22	CAPITALIZATION
	Comparative Capitalization	23
	Consolidated Debt Summary as of June 30, 2023 and December 31, 2022	24
	Consolidated Debt Maturity as of June 30, 2023	25
26	FINANCIAL COVENANTS
	Credit Facility and Senior Notes Financial Performance Tests	27
	Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio	28
	Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Unsecured Interest Coverage Ratio	29
	Reconciliation of GAAP Interest Coverage Ratio to Credit Facility Fixed Charge Coverage Ratio	30
	Reconciliation of GAAP Indebtedness Test to Senior Notes Indenture Indebtedness Test	31
	Reconciliation of GAAP Secured Indebtedness Test to Senior Notes Indenture Secured Indebtedness Test	32
	Reconciliation of GAAP Interest Coverage Ratio to Senior Notes Indenture EBITDA-to-Interest Coverage Ratio	33
	Reconciliation of GAAP Assets to Indebtedness Test to Senior Notes Unencumbered Assets to Unsecured Indebtedness Test	34

35 NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

Forecast	36
Comparable Hotel Operating Statistics and Results	37
Non-GAAP Financial Measures	37

OVERVIEW

PROPERTY LEVEL DATA

CAPITALIZATION

FINANCIAL COVENANTS

NOTES TO SUPPLEMENTAL FINANCIAL INFORMATION

ABOUT HOST HOTELS & RESORTS

PREMIER U.S. LODGING REIT

S&P 500	$12.1B	$15.7B
COMPANY	MARKET CAP(1)	ENTERPRISE VALUE(1)

LUXURY & UPPER UPSCALE CONSOLIDATED HOTELS PORTFOLIO(2)

77	41,900	20
HOTELS	ROOMS	TOP U.S. MARKETS

Based on market cap as of June 30, 2023. See Comparative Capitalization for calculation.
At June 30, 2023.

ANALYST COVERAGE

BAIRD	DEUTSCHE BANK SECURITIES	OPPENHEIMER & CO. INC.
Mike Bellisario	Chris Woronka	Tyler Batory
414-298-6130	212-250-9376	212-667-7230
mbellisario@rwbaird.com	chris.woronka@db.com	tyler.batory@opco.com

BOFA SECURITIES, INC.	EVERCORE ISI	RAYMOND JAMES & ASSOCIATES
Shaun Kelley	Duane Pfennigwerth	Bill Crow
646-855-1005	212-497-0817	727-567-2594
shaun.kelley@baml.com	duane.pfennigwerth@evercoreisi.com	bill.crow@raymondjames.com

BARCLAYS CAPITAL	GREEN STREET ADVISORS	STIFEL, NICOLAUS & CO.
Anthony Powell	Chris Darling	Simon Yarmak
212-526-8768	949-640-8780	443-224-1345
anthony.powell@barclays.com	cdarling@greenst.com	yarmaks@stifel.com

BMO CAPITAL MARKETS	JEFFERIES	TRUIST
Ari Klein	David Katz	C. Patrick Scholes
212-885-4103	212-323-3355	212-319-3915
ari.klein@bmo.com	dkatz@jefferies.com	patrick.scholes@suntrust.com

CITI INVESTMENT RESEARCH	J .P. MORGAN SECURITIES	UBS SECURITIES LLC
Smedes Rose	Joe Greff	Robin Farley
212-816-6243	212-622-0548	212-713-2060
smedes.rose@citi.com	joseph.greff@jpmorgan.com	robin.farley@ubs.com

COMPASS POINT RESEARCH &	MORGAN STANLEY & CO.	WELLS FARGO SECURITIES LLC
TRADING, LLC	Stephen Grambling	Dori Kesten
Floris van Dijkum	212-761-1010	617-603-4233
646-757-2621	stephen.grambling@morganstanley.com	dori.kesten@wellsfargo.com
fvandijkum@compasspointllc.com

The Company is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding the Company's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of the Company or its management. The Company does not by its reference above imply its endorsement of or concurrence with any of such analysts' information, conclusions or recommendations.

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Host Hotels & Resorts Inc. published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 21:21:09 UTC.

Latest news about Host Hotels & Resorts, Inc.

Wedbush Adjusts Price Target on Host Hotels & Resorts to $22 From $23	May. 08	MT
Deutsche Bank Adjusts Price Target on Host Hotels & Resorts to $24 From $25, Buy Rating Kept	May. 03	MT
JPMorgan Trims Host Hotels & Resorts' Price Target to $20 From $21	May. 02	MT
Stifel Adjusts Host Hotels & Resorts' Price Target to $22 From $21.50	May. 02	MT
Hotels & Resorts Seeks Acquisition Opportunities	May. 02	CI
Transcript : Host Hotels & Resorts, Inc., Q1 2024 Earnings Call, May 02, 2024	May. 02
Host Hotels & Resorts Q1 Adjusted FFO, Revenue Rise; Company Buys 1 Hotel Nashville, Embassy Suites For $530 Million	May. 01	MT
Host Hotels & Resorts beats Q1 estimates on higher business travel demand	May. 01	RE
Host Hotels & Resorts, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 01	CI
Earnings Flash (HST) HOST HOTELS & RESORTS Posts Q1 Revenue $1.47B	May. 01	MT
Host Hotels & Resorts, Inc. Revises Earnings Guidance for the Full Year 2024	May. 01	CI
Host Hotels & Resorts, Inc. acquired 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown from Starwood Capital Operations, LLC, Crescent Real Estate LLC and High Street Real Estate Partners for approximately $530 million.	Apr. 30	CI
Host Hotels & Resorts to Buy 1 Hotel Nashville, Embassy Suites in Over $500 Million Deal	Apr. 29	MT
BMO Capital Adjusts Host Hotels & Resorts' Price Target to $23 From $24, Keeps Outperform Rating	Apr. 22	MT
UBS Lowers Host Hotels & Resorts Price Target to $20 from $21, Neutral Rating Kept	Apr. 19	MT
Lodging REIT Quarterly Results Likely Benefitted From Upper Upscale Chain Strength, Oppenheimer Says	Apr. 05	MT
Host Hotels & Resorts Insider Sold Shares Worth $3,116,535, According to a Recent SEC Filing	Mar. 22	MT
Host Hotels & Resorts Insider Sold Shares Worth $591,959, According to a Recent SEC Filing	Mar. 22	MT
Wells Fargo Adjusts Price Target on Host Hotels & Resorts to $23 From $22, Maintains Overweight Rating	Mar. 21	MT
Raymond James Raises Price Target on Host Hotels & Resorts to $23 From $19, Keeps Outperform Rating	Mar. 15	MT
Barclays Raises Price Target on Host Hotels & Resorts to $25 From $23, Maintains Overweight Rating	Mar. 15	MT
Truist Securities Adjusts Price Target on Host Hotels & Resorts to $24 From $21, Maintains Hold Rating	Mar. 14	MT
UBS Adjusts Host Hotels & Resorts Price Target to $21 From $18, Maintains Neutral Rating	Mar. 11	MT
Transcript : Host Hotels & Resorts, Inc., Q4 2023 Earnings Call, Feb 22, 2024	Feb. 22
Host Hotels & Resorts forecasts 2024 revenue above estimates on business travel recovery	Feb. 21	RE

Chart Host Hotels & Resorts, Inc.

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Company Profile

Host Hotels & Resorts, Inc. specializes in owning, operating, and managing hotels. Net sales break down by activity as follows: - hospitality services (61.1%); - restaurant services (29.8%); - other (9.1%): primarily real estate leasing. As of 23/02/2024, the group had a portfolio composed of 77 hotels (41,972 rooms) located in the United States (72), Brazil (3), and Canada (2). Net sales are distributed geographically as follows: the United States (98.3%), Canada (1,3%), and Brazil (0.4%).

Sector

Specialized REITs

Calendar

2024-05-15 - Annual General Meeting

Related indices

S&P 500

More about the company

Income Statement Evolution

More financial data

Ratings for Host Hotels & Resorts, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

18.23 USD

Average target price

22.8 USD

Spread / Average Target

+25.07%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Hospitality REITs

Host Hotels & Resorts, Inc.

Equities

HST

US44107P1049

Specialized REITs

Host Hotels & Resorts : Second Quarter 2023 Supplemental Financial Information

EPS Revisions