Logo

HST

Host Hotels & Resorts, Inc.

HST

Host Hotels & Resorts, Inc. • NASDAQ
$17.63 ▼ -0.62% (-0.11)
Market Cap $12.12 B
52w High $19.36
52w Low $12.22
Dividend Yield 0.90%
P/E 16.63
Volume 3.22M
Outstanding Shares 687.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.331B ▼ $575M ▼ $161M ▼ 12.096% ▼ $0.23 ▼ $428M ▼
Q2-2025 $1.586B ▼ $586M ▲ $221M ▼ 13.934% ▼ $0.32 ▼ $505M ▲
Q1-2025 $1.594B ▲ $581M ▼ $248M ▲ 15.558% ▲ $0.35 ▲ $503M ▲
Q4-2024 $1.428B ▲ $606M ▲ $108M ▲ 7.563% ▲ $0.15 ▲ $359M ▲
Q3-2024 $1.319B $538M $82M 6.217% $0.12 $346M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $539M ▲ $13.04B ▲ $6.227B ▲ $6.661B ▲
Q2-2025 $490M ▲ $12.96B ▲ $6.183B ▲ $6.638B ▼
Q1-2025 $428M ▼ $12.947B ▼ $6.161B ▼ $6.65B ▲
Q4-2024 $554M ▼ $13.048B ▼ $6.271B ▲ $6.609B ▼
Q3-2024 $564M $13.08B $6.198B $6.712B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $225M ▼ $444M ▲ $-115M ▼ $-256M ▲ $77M ▲ $292M ▲
Q1-2025 $248M ▲ $305M ▼ $-83M ▲ $-327M ▼ $-104M ▼ $159M ▲
Q4-2024 $108M ▲ $331M ▼ $-189M ▲ $-142M ▼ $-8M ▲ $158M ▼
Q3-2024 $84M ▼ $349M ▼ $-1.076B ▼ $482M ▲ $-243M ▲ $198M ▼
Q2-2024 $239M $447M $-675M $-303M $-533M $326M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Food And Beverage
Food And Beverage
 $430.00M ▲$500.00M ▲$480.00M ▼$360.00M ▼
Hotel Other
Hotel Other
 $130.00M ▲$150.00M ▲$160.00M ▲$140.00M ▼
Occupancy
Occupancy
 $860.00M ▲$940.00M ▲$950.00M ▲$830.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Host’s income statement shows a company that has worked its way out of the pandemic shock and back into steady profitability. Revenue has climbed for several years in a row as travel and group business recovered, with profits moving from deep losses in 2020 to solid earnings more recently. Operating income is consistently positive again, and net income has been healthy for several years, suggesting the portfolio is performing well overall. One thing to note: profitability appears to have stepped up notably in the most recent year, indicating better pricing, occupancy, or cost control, though hotel demand remains cyclical and sensitive to the broader economy.

Balance Sheet

Balance Sheet The balance sheet looks relatively stable and conservative for a lodging REIT. Total assets and equity have held in a fairly narrow range, suggesting the company has not overextended itself despite market volatility. Debt levels have trended down from the pandemic peak, though they remain meaningful, as is typical for real estate. Cash balances have come down from very elevated crisis levels to more normal territory, implying less of a liquidity cushion but a more efficient use of capital. Overall, the company appears to have maintained financial flexibility while funding investments and managing its obligations.

Cash Flow

Cash Flow Cash flow has transitioned from stress to strength. During the pandemic the business burned cash, but operating cash flow has since recovered sharply and remained solid, showing that the underlying hotels are again generating healthy cash earnings. After covering ongoing property investments, free cash flow has been consistently positive for several years, giving management room to reinvest, reduce debt, or return capital. Capital spending remains meaningful, which signals continued focus on upgrading and repositioning properties rather than simply harvesting cash.

Competitive Edge

Competitive Edge Host occupies a leading position in the hotel REIT space, anchored by a large, high-end portfolio in major markets and deep relationships with top brands like Marriott and Hyatt. Its focus on luxury and upper-upscale properties in hard-to-replicate locations provides a degree of insulation from lower-tier competition. Scale brings advantages in data, negotiations, and access to deals, and an investment-grade balance sheet is a differentiator in a capital-intensive, cyclical industry. The flip side is exposure to swings in travel demand, corporate budgets, and interest rates, all of which can affect hotel performance and asset values. Still, within its niche, Host appears to be one of the better-positioned owners.

Innovation and R&D

Innovation and R&D While it is not a technology company, Host is quite active in using innovation to strengthen its assets. It leans heavily on data analytics, including tools developed with IBM, to guide which hotels to buy, sell, renovate, or expand, and to fine-tune performance. At the property level, it is investing in smart-building systems, energy and water efficiency, and guest-facing technologies like mobile keys and contactless services, usually in partnership with the brands that operate its hotels. The company is also experimenting with generative AI for both internal decision-making and guest experience, and weaving more “experiential” elements into redevelopments. Its strong emphasis on sustainability and a stated goal of being “net positive” help differentiate the brand and may matter more over time to customers, partners, and capital providers.

Summary

Host Hotels & Resorts now looks like a mature hotel REIT that has successfully navigated a severe downturn and emerged with healthier earnings, solid cash generation, and a still-strong competitive position. Its core strengths are a high-quality, hard-to-replace portfolio, scale advantages, and a relatively strong balance sheet for a lodging owner. The company appears disciplined in capital allocation, consistently recycling assets and reinvesting in higher-potential properties. Key risks are the inherent cyclicality of travel, sensitivity to economic slowdowns and interest rates, and ongoing capital needs to keep properties competitive. At the same time, Host’s use of data, focus on sustainability, and push into more experiential, tech-enabled hospitality suggest it is actively working to keep its portfolio relevant and valuable over the long term.

NEWS

November 12, 2025 · 4:30 PM UTC

Host Hotels & Resorts, Inc. Announces Pricing Of $400 Million Of 4.250% Senior Notes Due 2028, By Host Hotels & Resorts, L.P.

Read more

November 6, 2025 · 4:30 PM UTC

Host Hotels & Resorts Provides Updated Third Quarter 2025 Investor Presentation

Read more

November 5, 2025 · 4:30 PM UTC

Host Hotels & Resorts, Inc. Reports Results for the Third Quarter 2025

Read more

September 25, 2025 · 4:30 PM UTC

Host Hotels & Resorts Recommends that Holders of Operating Partnership Units of Host Hotels & Resorts, L.P. Reject “Mini-Tender” Offer by MacKenzie Capital Management, LP

Read more

September 11, 2025 · 4:30 PM UTC

Host Hotels & Resorts Announces Third Quarter Dividend

Read more