Host Hotels forecasts upbeat annual FFO aided by luxury portfolio strength

Reuters
02/19
Host Hotels forecasts upbeat annual FFO aided by luxury portfolio strength

Feb 18 (Reuters) - Real estate investment trust Host Hotels & Resorts HST.O forecast 2026 adjusted funds from operations above Wall Street estimates on Wednesday, helped by strong luxury hotel bookings.

Shares of the Bethesda, Maryland-based REIT rose 1.7% in extended trading.

Host Hotels has benefitted from its luxury portfolio as affluent travelers continue to spend on premium experiences, even as budget and mid-scale hotels across the U.S. record weak occupancy and room revenue.

The REIT now expects annual adjusted FFO per share of $2.03 to $2.11 for 2026, compared with analysts' estimates of $1.97, according to data compiled by LSEG.

Adjusted quarterly FFO for the three months ended December 31 came in at 51 cents per share, compared with estimates of 43 cents per share.

Total revenue for the quarter was $1.6 billion, compared with estimates of $1.5 billion.

(Reporting by Anshuman Tripathy in Bengaluru; Editing by Jonathan Ananda)

((Anshuman.Tripathy@thomsonreuters.com;))

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