Host Hotels & Resorts (HST)

Real Estate · $17.8B market cap · SEC CIK 0001070750

Next reports on Feb 16, 2027, after the close, with analysts expecting $0.22 in earnings per share.

52-week range $16.77 to $26.19. 1% below its 52-week high and 55% above its low.

The case for HST

• Generated $1.2B of free cash flow in FY2025, 20% of revenue.
• Earnings per share up 57.8%.
• Pays a 4.1% dividend while you wait.
• Has compounded revenue at 30.4% a year over five years.
• Return on equity of 16%.
• Gross margin of 97% absorbs cost shocks.

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 62% 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. The score is where that blend places it in the S&P 500. 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 30 Real Estate companies.

The financials

The financials, five years deep

Pulled from Host Hotels & Resorts's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Host Hotels & Resorts says it does

We are the largest publicly traded lodging REIT, with a geographically diverse portfolio of luxury and upper-upscale hotels. As of February 20, 2026, our consolidated lodging portfolio consists of 76 primarily luxury and upper-upscale hotels containing approximately 41,700 rooms, with substantially all located in the United States (five of the hotels are located outside of the U.S. in Brazil and Canada). In addition, we own non-controlling interests in seven domestic joint ventures that focus on the lodging industry, see " - Other Real Estate Interests" for a further description. Host Inc. was incorporated as a Maryland corporation in 1998 and operates as a self-managed and self-administered REIT. Host Inc. owns hotels and conducts operations through Host L.P., of which Host Inc. is the sole general partner and of which it holds approximately 99% of the partnership interests (“OP units”) as of December 31, 2025. The remaining…

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
• We may acquire or develop hotels in joint ventures with third parties that could result in conflicts
• Some potential losses are not covered by insurance
• Applicable REIT laws may restrict certain business activities
• We face possible risks associated with natural disasters and the physical effects of climate change
• Risks of Ownership of Host Inc.’s Common Stock
• There are limitations on the acquisition of Host Inc. common stock and changes in control
• Restrictions on transfer and ownership of Host Inc.’s stock
• Removal of members of the Board of Directors
• Preferred shares; classification or reclassification of unissued shares of capital stock without stockholder approval
• Certain provisions of the MGCL may have the effect of inhibiting a third party from acquiring Host Inc., including
• Adverse tax consequences would occur if Host Inc. or its subsidiary REIT fails to qualify as a REIT
• If our hotel managers do not qualify as “eligible independent contractors,” or if our hotels are not “qualified lodging facilities,” each of Host Inc. and our subsidiary REIT will fail to qualify as a REIT
• The size of our TRS is limited, and our transactions with our TRS will cause us to be subject to a 100% excise tax on certain income or deductions if such transactions are not conducted on arm’s-length terms
• Despite the REIT status of each of Host Inc. and its subsidiary REIT, we remain subject to various taxes
• Legislative or other actions affecting REITs could have a negative effect on us
• A holder who offers its OP units for redemption may have adverse tax consequences
• Shares of Host Inc.’s common stock that are or become available for sale could affect the share price of Host Inc.’s common stock
• Compliance with the Americans with Disabilities Act and other government regulations can be costly
• Litigation judgments or settlements could have a significant adverse effect on our financial condition
• Environmental liabilities are possible and can be costly
• An increased focus on metrics and reporting related to corporate responsibility, specifically related to environmental, social and governance ("ESG") factors, may impose additional costs and expose us to new risks

Filings

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