$HST · HOST HOTELS & RESORTS, INC.
Host Hotels & Resorts reported Q3 FY2026 results: revenue $1.347B (up 1.2% YoY), GAAP net income $71M (down 56.4% on lower asset-sale gains), diluted EPS $0.10, and Adjusted FFO per share $0.39. Comparable hotel RevPAR rose 8.8% and Total RevPAR 7.3%. The company raised full-year 2026 guidance for comparable RevPAR to 6.75% and Total RevPAR to 6.0%. It also announced two post-quarter acquisitions and a recast $2.5B credit facility.
- Comparable hotel RevPAR rose 8.8% to $219.50, driven by 5.7% rate growth and 2.1-point occupancy gain.
- Adjusted FFO per diluted share was $0.39, up 11.4% YoY; NAREIT FFO was $0.38.
- GAAP net income fell 56.4% to $71M on lower gains on asset sales.
- Acquired 1 Hotel Brooklyn Bridge for $202M and Renaissance Dallas at Plano Legacy West for $172M.
- Recast $2.5B credit facility, extending maturities to 2031/2032 and cutting pricing.
Extended-hours last trade $26.10, essentially flat (-0.04%) vs the $26.11 regular close, suggesting the raised guidance and acquisitions were largely priced in or met expectations.
A guidance raise plus accretive acquisitions and balance-sheet strengthening from the largest lodging REIT signals durable industry demand.
As the largest lodging REIT, Host's RevPAR strength and guidance raise signal resilient leisure, group, and business transient demand across the sector.
Active hurricane season in Hawaii and wildfire-related closure of Alila Ventana Big Sur pressured results; GAAP net income fell sharply on lower asset-sale gains.