NASDAQ : HST
Host Hotels & Resorts, Inc. — Financial statements
Real Estate · REIT - Hotel & Motel · United States
Last price 25.7 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 17.86B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 3.62B | 3.61B | 3.43B | 3.24B | 3.01B | 1.86B |
| Other Revenue | 2.62B | 2.52B | 2.27B | 2.07B | 1.90B | 1.06B |
| Total Revenue | 6.23B | 6.13B | 5.69B | 5.32B | 4.91B | 2.92B |
| Property Expenses | 4.41B | 4.36B | 4.03B | 3.74B | 3.38B | 2.29B |
| Selling, General & Administrative | 125.00M | 124.00M | 117.00M | 132.00M | 107.00M | 99.00M |
| Depreciation & Amortization | 787.00M | 795.00M | 762.00M | 697.00M | 664.00M | 670.00M |
| Total Operating Expenses | 5.33B | 5.28B | 4.91B | 4.57B | 4.15B | 3.06B |
| Operating Income | 908.00M | 849.00M | 778.00M | 747.00M | 761.00M | -135.00M |
| Interest Expense | -237.00M | -235.00M | -215.00M | -191.00M | -156.00M | -191.00M |
| Interest & Investment Income | 47.00M | 32.00M | 54.00M | 75.00M | 30.00M | 2.00M |
| Other Non-Operating Income | 220.00M | 5.00M | 2.00M | 17.00M | 306.00M | |
| EBT Excluding Unusual Items | 938.00M | 651.00M | 617.00M | 633.00M | 652.00M | -18.00M |
| Gain (Loss) on Sale of Assets | 143.00M | 143.00M | 69.00M | |||
| Total Insurance Settlements | 12.00M | 24.00M | 110.00M | 86.00M | 17.00M | 8.00M |
| Asset Writedown | -92.00M | |||||
| Total Legal Settlements | -6.00M | |||||
| Pretax Income | 1.09B | 818.00M | 721.00M | 788.00M | 669.00M | -102.00M |
| Income Tax Expense | 51.00M | 42.00M | 14.00M | 36.00M | 26.00M | -91.00M |
| Earnings From Continuing Operations | 1.04B | 776.00M | 707.00M | 752.00M | 643.00M | -11.00M |
| Minority Interest in Earnings | -15.00M | -11.00M | -10.00M | -12.00M | -10.00M | |
| Net Income | 1.03B | 765.00M | 697.00M | 740.00M | 633.00M | -11.00M |
| Net Income to Common | 1.03B | 765.00M | 697.00M | 740.00M | 633.00M | -11.00M |
| Basic Shares Outstanding | 686.90M | 691.40M | 702.10M | 709.70M | 714.70M | 710.30M |
| Diluted Shares Outstanding | 689.80M | 694.10M | 704.00M | 712.80M | 717.50M | 710.30M |
| EPS (Basic) | 1.50 | 1.11 | 0.99 | 1.04 | 0.89 | -0.02 |
| EPS (Diluted) | 1.49 | 1.10 | 0.99 | 1.04 | 0.88 | -0.02 |
| Dividend Per Share | 0.80 | 0.80 | 0.80 | 0.65 | 0.33 | |
| Operating Margin | 14.56% | 13.84% | 13.67% | 14.05% | 15.50% | -4.62% |
| Profit Margin | 16.47% | 12.48% | 12.25% | 13.92% | 12.89% | -0.38% |
| EBITDA | 1.70B | 1.64B | 1.54B | 1.44B | 1.43B | 535.00M |
| EBITDA Margin | 27.19% | 26.81% | 27.06% | 27.16% | 29.02% | 18.32% |
| D&A For Ebitda | 787.00M | 795.00M | 762.00M | 697.00M | 664.00M | 670.00M |
| EBIT | 908.00M | 849.00M | 778.00M | 747.00M | 761.00M | -135.00M |
| EBIT Margin | 14.56% | 13.84% | 13.67% | 14.05% | 15.50% | -4.62% |
| Funds From Operations (FFO) | 1.46B | 1.41B | 1.39B | 1.37B | 1.29B | 424.00M |
| FFO Per Share | 2.11 | 2.03 | 1.97 | 1.92 | 1.79 | 0.60 |
| Adjusted Funds From Operations (AFFO) | 1.49B | 1.44B | 1.41B | 1.37B | 1.29B | 437.00M |
| AFFO Per Share | 2.16 | 2.07 | 2.00 | 1.92 | 1.79 | 0.61 |
| FFO Payout Ratio | 44.72% | 44.18% | 53.14% | 40.04% | 11.66% | |
| Effective Tax Rate | 4.67% | 5.13% | 1.94% | 4.57% | 3.89% | |
| Revenue as Reported | 6.22B | 6.11B | 5.68B | 5.31B | 4.91B | 2.89B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 10.20B | 11.20B | 11.46B | 10.17B | 10.30B | 10.54B |
| Cash & Equivalents | 1.95B | 768.00M | 554.00M | 1.14B | 667.00M | 807.00M |
| Other Receivables | 110.00M | 39.00M | 36.00M | 128.00M | 94.00M | 113.00M |
| Restricted Cash | 2.00M | 2.00M | 2.00M | 2.00M | 7.00M | 2.00M |
| Other Current Assets | 34.00M | 270.00M | ||||
| Other Long-Term Assets | 875.00M | 896.00M | 912.00M | 723.00M | 784.00M | 615.00M |
| Total Assets | 13.25B | 13.05B | 13.05B | 12.24B | 12.27B | 12.35B |
| Current Portion of Long-Term Debt | 500.00M | 2.00M | 899.00M | |||
| Current Portion of Leases | 40.00M | |||||
| Long-Term Debt | 4.58B | 5.08B | 4.18B | 4.21B | 4.21B | 4.89B |
| Long-Term Leases | 563.00M | 523.00M | 560.00M | 563.00M | 568.00M | 564.00M |
| Accounts Payable | 736.00M | 355.00M | 351.00M | 408.00M | 372.00M | 85.00M |
| Other Long-Term Liabilities | 254.00M | 322.00M | 277.00M | 237.00M | 235.00M | 240.00M |
| Total Liabilities | 6.63B | 6.32B | 6.27B | 5.42B | 5.39B | 5.78B |
| Common Stock | 7.00M | 7.00M | 7.00M | 7.00M | 7.00M | 7.00M |
| Additional Paid-In Capital | 7.16B | 7.29B | 7.46B | 7.54B | 7.72B | 7.70B |
| Retained Earnings | -712.00M | -670.00M | -777.00M | -839.00M | -939.00M | -1.19B |
| Comprehensive Income & Other | -66.00M | -68.00M | -83.00M | -70.00M | -75.00M | -76.00M |
| Total Common Equity | 6.39B | 6.56B | 6.61B | 6.63B | 6.71B | 6.44B |
| Minority Interest | 230.00M | 174.00M | 168.00M | 193.00M | 169.00M | 131.00M |
| Shareholders' Equity | 6.62B | 6.73B | 6.78B | 6.83B | 6.88B | 6.57B |
| Total Liabilities & Equity | 13.25B | 13.05B | 13.05B | 12.24B | 12.27B | 12.35B |
| Total Debt | 5.64B | 5.64B | 5.64B | 4.77B | 4.78B | 5.46B |
| Net Cash (Debt) | -3.69B | -4.87B | -5.09B | -3.63B | -4.12B | -4.65B |
| Net Cash Per Share | -5.35 | -7.02 | -7.23 | -5.09 | -5.74 | -6.54 |
| Filing Date Shares Outstanding | 685.12M | 687.80M | 699.11M | 703.62M | 713.48M | 714.15M |
| Total Common Shares Outstanding | 685.00M | 687.80M | 699.10M | 703.60M | 713.40M | 714.10M |
| Book Value Per Share | 9.33 | 9.53 | 9.45 | 9.43 | 9.41 | 9.02 |
| Tangible Book Value | 6.39B | 6.56B | 6.61B | 6.63B | 6.71B | 6.44B |
| Tangible Book Value Per Share | 9.33 | 9.53 | 9.45 | 9.43 | 9.41 | 9.02 |
| Land | 2.27B | 2.43B | 2.46B | 1.98B | 2.02B | 2.31B |
| Buildings | 15.06B | 15.74B | 15.50B | 14.25B | 13.85B | 13.64B |
| Construction In Progress | 269.00M | 271.00M | 299.00M | 237.00M | 313.00M | 278.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.03B | 765.00M | 697.00M | 740.00M | 633.00M | -11.00M |
| Depreciation & Amortization | 787.00M | 795.00M | 762.00M | 697.00M | 664.00M | 670.00M |
| Other Amortization | 11.00M | 11.00M | 10.00M | 9.00M | 10.00M | 10.00M |
| Gain (Loss) on Sale of Assets | -363.00M | -148.00M | -71.00M | -17.00M | -306.00M | |
| Asset Writedown | 92.00M | |||||
| Stock-Based Compensation | 27.00M | 26.00M | 24.00M | 30.00M | 26.00M | 18.00M |
| Income (Loss) on Equity Investments | 11.00M | 6.00M | 11.00M | 25.00M | 27.00M | -10.00M |
| Change in Other Net Operating Assets | -27.00M | 13.00M | 106.00M | -114.00M | 49.00M | -101.00M |
| Other Operating Activities | 4.00M | -29.00M | -112.00M | 125.00M | 24.00M | -70.00M |
| Operating Cash Flow | 1.61B | 1.51B | 1.50B | 1.44B | 1.42B | 292.00M |
| Acquisition of Real Estate Assets | -589.00M | -644.00M | -548.00M | -646.00M | -504.00M | -427.00M |
| Sale of Real Estate Assets | 1.14B | 125.00M | 34.00M | 236.00M | 729.00M | |
| Net Sale / Acq. of Real Estate Assets | 546.00M | -519.00M | -548.00M | -612.00M | -268.00M | 302.00M |
| Cash Acquisition | -2.00M | -2.00M | -1.50B | -301.00M | -1.46B | |
| Investment in Marketable & Equity Securities | -66.00M | -94.00M | -55.00M | -20.00M | -60.00M | -11.00M |
| Other Investing Activities | 19.00M | 29.00M | 74.00M | 36.00M | 11.00M | |
| Investing Cash Flow | 497.00M | -507.00M | -2.04B | -183.00M | -618.00M | -1.16B |
| Short-Term Debt Issued | 890.00M | |||||
| Long-Term Debt Issued | 892.00M | 1.28B | 443.00M | |||
| Total Debt Issued | 398.00M | 892.00M | 2.17B | 443.00M | ||
| Short-Term Debt Repaid | -890.00M | |||||
| Long-Term Debt Repaid | -902.00M | -402.00M | -7.00M | -685.00M | -1.20B | |
| Total Debt Repaid | -402.00M | -902.00M | -1.29B | -7.00M | -685.00M | -1.20B |
| Net Debt Issued (Repaid) | -4.00M | -10.00M | 877.00M | -7.00M | -685.00M | -757.00M |
| Issuance of Common Stock | 138.00M | |||||
| Repurchase of Common Stock | -75.00M | -205.00M | -107.00M | -182.00M | -27.00M | |
| Common Dividends Paid | -652.00M | -623.00M | -737.00M | -547.00M | -150.00M | |
| Other Financing Activities | -30.00M | -30.00M | -46.00M | -35.00M | -12.00M | -38.00M |
| Foreign Exchange Rate Adjustments | -2.00M | 4.00M | -10.00M | 2.00M | -3.00M | |
| Net Cash Flow | 1.34B | 139.00M | -565.00M | 489.00M | -79.00M | -1.52B |
| Levered Free Cash Flow | 1.69B | 1.18B | 1.18B | 1.09B | 1.65B | 147.25M |
| Unlevered Free Cash Flow | 1.83B | 1.32B | 1.31B | 1.20B | 1.74B | 256.62M |
| Cash Interest Paid | 234.00M | 241.00M | 172.00M | 183.00M | 142.00M | 183.00M |
| Cash Income Tax Paid | 18.40M | 11.40M | 11.20M | 11.60M | -19.00M | 34.00M |
| Change in Working Capital | 102.00M | 84.00M | 106.00M | -114.00M | 49.00M | -101.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.77B | 12.19B | 12.25B | 13.73B | 11.48B | 12.42B |
| Enterprise Value | 21.46B | 17.45B | 17.49B | 17.76B | 15.55B | 17.62B |
| Last Close Price | 25.57 | 16.74 | 15.62 | 16.52 | 12.95 | 13.58 |
| Price/FFO Ratio | 11.12 | 8.25 | 7.93 | 8.61 | 7.23 | 22.62 |
| Price/AFFO Ratio | 10.89 | 8.09 | 7.81 | 8.61 | 7.23 | 22.25 |
| PE Ratio | 17.19 | 15.94 | 17.57 | 18.56 | 18.13 | |
| PS Ratio | 2.85 | 1.99 | 2.15 | 2.58 | 2.34 | 4.25 |
| PB Ratio | 2.74 | 1.81 | 1.81 | 2.01 | 1.67 | 1.89 |
| P/OCF Ratio | 11.06 | 8.07 | 8.18 | 9.53 | 8.11 | 42.52 |
| EV/Sales Ratio | 3.44 | 2.85 | 3.07 | 3.34 | 3.17 | 6.03 |
| EV/EBITDA Ratio | 12.66 | 10.61 | 11.36 | 12.30 | 10.91 | 32.94 |
| EV/EBIT Ratio | 23.63 | 20.55 | 22.48 | 23.77 | 20.43 | |
| Debt / Equity Ratio | 0.85 | 0.84 | 0.83 | 0.70 | 0.69 | 0.83 |
| Debt / EBITDA Ratio | 3.18 | 3.28 | 3.49 | 3.14 | 3.21 | 9.34 |
| Net Debt / Equity Ratio | 0.56 | 0.72 | 0.75 | 0.53 | 0.60 | 0.71 |
| Net Debt / EBITDA Ratio | 2.18 | 2.96 | 3.31 | 2.51 | 2.89 | 8.69 |
| Asset Turnover | 0.48 | 0.47 | 0.45 | 0.43 | 0.40 | 0.23 |
| Quick Ratio | 1.67 | 2.03 | 0.47 | 3.12 | 2.05 | 10.82 |
| Current Ratio | 1.67 | 2.12 | 0.47 | 3.12 | 2.06 | 14.02 |
| Return on Equity (ROE) | 15.56% | 11.49% | 10.39% | 10.97% | 9.56% | -0.17% |
| Return on Assets (ROA) | 4.33% | 4.07% | 3.84% | 3.81% | 3.86% | -0.67% |
| Return on Invested Capital (ROIC) | 6.95% | 6.50% | 6.35% | 6.13% | 6.17% | -1.10% |
| Earnings Yield | 5.82% | 6.27% | 5.69% | 5.39% | 5.52% | -0.09% |
| Dividend Yield | 3.72% | 4.51% | 4.57% | 3.33% | 2.05% | |
| Payout Ratio | 112.27% | 81.44% | 105.74% | 73.92% | 23.70% | |
| Buyback Yield / Dilution | 1.38% | 1.41% | 1.23% | 0.66% | -1.01% | -0.62% |
| Total Shareholder Return | 5.10% | 5.92% | 5.80% | 3.98% | 1.04% | -0.62% |