Feed / HST

Host Hotels & Resorts, Inc.

HST

Real Estate · 22.24 +0.4% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Host Hotels & Resorts, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

What changed
  • Revenue increased 3.4% versus the comparable filing period.
Company+0.4% todayVolume comparison unavailable
Market group0 of 37 activeNo Coherent Theme · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Monitor reported comparable hotels average room rate change and transient revenue growth (Q1 2026: avg rate +3.9%, transient rev +5.5%).

Invalidation: The isolated read changes if HST's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · REIT - Hotel & Motel

The latest filing evidence is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 3.4% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Monitor reported comparable hotels average room rate change and transient revenue growth (Q1 2026: avg rate +3.9%, transient rev +5.5%).

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements194
Verified relationships4
Evidence supporting the case
  • Latest annual revenue changed +7.6% year over year.
  • Credit and interest rates has repeated favorable evidence across 5 filings.
  • Demand and volume has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Operating margin changed -1.4 percentage points in the latest annual period.
Questions before a position
  • P/E is 26% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

22.24
6m+18.9%12m+26.4%24m+32.9%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.9B+78.4%$-0.02+0.6%
2022-12-31$4.9B+69.8%$0.88+1.0%
2023-12-31$5.3B+8.2%$1.04-0.7%
2024-12-31$5.7B+7.0%$0.99-1.2%
2025-12-31$6.1B+7.6%$1.10-1.4%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 5 filings
Adjusted FFO per diluted share increased $0.03 to $0.67 for the first quarter, reflecting the improvement in Adjusted EBITDA re and the impact of share repurchases in 2025 and 2026, partially offset by an increase in interest expense and income taxes, which a…
10-Q · May 8, 2026
Demand and volumepositive · 5 filings
In addition, group revenue 35 increased by 7.4% and 4.8% for the second quarter and year-to-date, respectively, due to a combination of rate growth and an increase in room nights, driven by strong event-related demand and recently completed renovations.
10-Q · Aug 7, 2026
Restructuring and cost reductionsmixed · 5 filings
Because of the elimination of corporate-level costs and expenses, gains or losses on disposition, certain severance expenses and depreciation and amortization expense, the comparable hotel operating results we present do not represent our total revenues, expe…
10-Q · Aug 7, 2026
Legal and regulatory exposuremixed · 1 filings
Corporate and other expenses increased for the year ended December 31, 2025, due primarily to an increase in compensation expense, partially offset by a decrease in litigation accruals.
10-K · Feb 25, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 2.5× · EV/sales 2.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

22.24+0.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for HST. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

The latest filing has limited comparable evidence

10-Q filed 2026-08-07 against the comparable filing from 2025-08-01.

limited evidence
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationwithheld

Capital and cash conversion

Reported investment and cash context

Stock compensation / revenue
+0.7%

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 3.4% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

Other property-level expenses decreased $13 million, or 12.1%, and $21 million, or 9.6%, for the quarter and year-to-date, respectively, primarily due to a reduction in expenses resulting from our 2025 and 2026 dispositions and a $5 million, or 4.8%, and $7 million, or 3.6%, decrease at our comparable hotels for the quarter and year-to-date, respectively, driven by decreases in property insurance premiums.

1%, and $21 million, or 9.6%, for the quarter and year-to-date, respectively, primarily due to a reduction in expenses resulting from our 2025 and 2026 dispositions and a $5 million, or 4.8%, and $7 million, or 3.6%, decrease at our comparable hotels for the quarter and year-to-date, respectively, driven by decreases in property insurance premiums.

In the quarter, growth in revenues reflects a comparable hotel RevPAR increase of 7.0%, primarily due to an increase in room rates and a slight increase in occupancy, reflecting strong transient leisure business, particularly at resorts and in connection with the FIFA World Cup matches, and robust group business.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind HST

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

HHyatt Hotels CorporationpartnerMay 8, 2026

In collaboration with Hyatt, we initiated a transformational capital program in 2023 on six properties in our portfolio.

TFCTruist Financial CorporationlenderNov 7, 2025

LLC, Scotia Capital (USA) Inc., Truist Securities, Inc.

JPMJPMorgan Chase & Co.lenderFeb 25, 2026

On January 4, 2023, we entered into the sixth amended and restated senior revolving credit and term loan facility, with Bank of America, N.A., as administrative agent, Wells Fargo Bank, N.A.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

HST is currently a Participant in the organic co-movement group No Coherent Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for HST; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.