Host Hotels & Resorts forecasts 2025 funds from operations below estimates

Host Hotels & Resorts

19/02/2025 22:20

Feb 19 (Reuters) - Host Hotels & Resorts  HST.O  forecast 2025 adjusted funds from
operations (FFO) below analysts' estimates on Wednesday, as the real estate investment trust
navigates adverse weather conditions and headwinds from the Maui wildfires.    
    Shares of the company fell about 1.5% in extended trading. 
    After the Maui wildfires, in August 2023, tourists have been hesitant to return to the
island. Maui dragged down revenue per available room by 160 basis points during 2024. 
    Host said last year that there remains a perception among travelers that Maui is not ready
to welcome back guests to the island. Poor sentiment from tourists has also led to airlines
cutting seating capacity to the island, it added. 
    The Maryland-based REIT reported a quarterly adjusted FFO of 44 cents per share, compared
with the analysts' estimate of 40 cents per share. 
    It expects full-year adjusted FFO between $1.82 and $1.91 per share, compared with estimate
of $1.97 apiece.     

 (Reporting by Aishwarya Jain and Utkarsh Shetti in Bengaluru; Editing by Alan Barona)
 ((Aishwarya.Jain@thomsonreuters.com))