Host Hotels (HST) Beats Q2 AFFO Estimates, Lowers '24 View
Host Hotels & Resorts(HST) ZACKS·2024-08-02 00:36
Host Hotels & Resorts, Inc. (HST) reported second-quarter adjusted funds from operations (AFFO) per share of 57 cents, surpassing the Zacks Consensus Estimate by a penny. Moreover, the figure increased 7.5% from the prior-year quarter. Results reflect a year-over-year rise in revenues. Group and contract business witnessed growth in room revenues. However, the lodging real estate investment trust lowered its 2024 guidance. Per James F. Risoleo, president and CEO of the company, "Host delivered comparable ho ...