Host Hotels & Resorts (HST)

Real Estate · $15.3B market cap · SEC CIK 0001070750

Next reports on Nov 4, 2026, with analysts expecting $0.10 in earnings per share.

The case for HST

• Earnings per share up 57.8%.
• Pays a 4.1% dividend while you wait.
• Reasonably priced at 14.9× earnings.
• A PEG of 0.26: a P/E of 14.9× is low for EPS growing 58%.
• Has compounded revenue at 30.4% a year over five years.
• Return on equity of 16%.

The case against

• Growth is slowing: revenue up 4.9% this year against 30.4% a year over five.
• Weakest against its peers: net margin of 17% is thinner than 63% of Real Estate companies.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Real Estate companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.

• Each factor except momentum is half fixed thresholds, half rank among the 31 Real Estate companies.

Key numbers

Five years of financials, as filed

Pulled from Host Hotels & Resorts's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.

Share count is essentially flat over 4 years.

What Host Hotels & Resorts says it does

– Our Customers". Understanding Our Performance Our Revenues and Expenses. Our hotels are operated by third-party managers under long-term agreements, pursuant to which they typically earn base and incentive management fees based on the levels of revenues and profitability of each hotel. We provide operating funds, or working capital, which the managers use to purchase inventory and to pay wages, utilities, property taxes and other hotel-level expenses. We generally receive a cash distribution from our hotel managers each month, which distribution reflects hotel-level sales less property-level operating expenses (excluding depreciation). Hotel revenues represented approximately 98% of our total 2025 revenues, while the remaining 2% related to condominium sales. Operations from our domestic portfolio account for approximately 98% of our total hotel revenues and 2% relate to our five hotels in Canada and Brazil. The following table…

Risk factors HST lists in its 10-K

• Financial Risks and Risks of Operation
• Our revenues and the value of our hotels are subject to conditions affecting the lodging industry
• We operate in a highly competitive industry
• There are inherent risks with investments in real estate, including their relative illiquidity
• We have significant indebtedness and may incur additional indebtedness
• The terms of our indebtedness place restrictions on us and on our subsidiaries, and these restrictions reduce our operational flexibility and create default risks
• Our expenses may not decrease if our revenues decrease
• Our acquisition of hotels may have a significant effect on our business, liquidity, financial condition and/or results of operations
• We may not achieve the value we anticipate from new hotel developments or value enhancement projects at our existing hotels
• We do not control our hotel operations, and we are dependent on the managers of our hotels
• The hotels managed by Marriott International account for most of our revenues and operating income. Adverse developments in Marriott’s business and affairs or financial condition could have a material adverse effect on us
• We are subject to risks associated with the employment of hotel personnel, particularly with hotels that employ unionized labor
• We may be deemed to be a joint employer with our third-party hotel managers under certain new laws, rules and regulations
• A large proportion of our hotels are located in a limited number of large urban cities and, accordingly, we could be disproportionately harmed by adverse changes to these markets or events impacting these markets

Filings

Other Real Estate companies