Brief: Host Hotels & Resorts Reports Results For 2022

Host Hotels & Resorts

15/02/2023 22:55

Feb 15 (Reuters) - Host Hotels & Resorts Inc  HST.O :
    * HOST HOTELS & RESORTS, INC. REPORTS RESULTS FOR 2022;
REVPAR
EXCEEDS 2019 FOR THIRD CONSECUTIVE QUARTER; FULL YEAR
PERFORMANCE FINISHES AT HIGH END OF Q3 GUIDANCE
    * QTRLY NAREIT FFO PER DILUTED SHARE $0.44
    * QTRLY ADJUSTED FFO PER DILUTED SHARE $0.44
    * ESTIMATES THAT HURRICANE IAN NEGATIVELY IMPACTED FULL YEAR
REVENUES BY ABOUT $39 MILLION, OF WHICH $33 MILLION WAS IN Q4
    * SEES FY TOTAL CAPITAL EXPENDITURES BETWEEN $600 MILLION TO
$725
MILLION
    * FULL YEAR FORECAST IS BOLSTERED BY Q1 REVPAR GROWTH WHICH
IS
ANTICIPATED TO BE BETWEEN 24% AND 27%
    * SEES FY TOTAL REVENUES UNDER GAAP BETWEEN $4,977 MILLION
TO
$5,265 MILLION
    * SEES FY NAREIT FFO PER DILUTED SHARE BETWEEN $1.60 TO
$1.82
    * SEES FY ADJUSTED FFO PER DILUTED SHARE BETWEEN $1.60 TO
$1.83
    * Q4 FFO PER SHARE VIEW $0.42 -- REFINITIV IBES DATA
    * FY2023 FFO PER SHARE VIEW $1.87 -- REFINITIV IBES DATA

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