HOST HOTELS & RESORTS, INC. HST

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived Nasdaq

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 partnership interests are owned by various unaffiliated limited partners. Host Inc. has the exclusive and complete responsibility for Host L.P.'s day-to-day management and control.

Last close 24.72 2026-10-23
Market cap $16.94B 2026-06-30 share count
52-week range 15.61 - 25.71

Valuation FY2025 figures against the last close

P/S2.8x
P/E22.5x
P/FCF13.8x
EV/EBITDA20.4x
Dividend yield3.7%
Diluted EPS1.10

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.11B$5.68B$5.31B$4.91B$2.89B$1.62B$5.47B$5.52B$5.39B$5.43B
SG&A $124.0M$123.0M$132.0M$107.0M$99.0M$89.0M$107.0M$104.0M$98.0M$106.0M
Total operating expenses $5.26B$4.81B$4.48B$4.13B$3.14B$2.57B$4.67B$4.99B$4.71B$4.75B
Operating income $855.0M$875.0M$827.0M$775.0M-$250.0M-$953.0M$799.0M$530.0M$676.0M$684.0M
Interest expense $235.0M$215.0M$191.0M$156.0M$191.0M$194.0M$222.0M$176.0M$167.0M$154.0M
Pre-tax income $818.0M$721.0M$788.0M$669.0M-$102.0M-$961.0M$962.0M$1.30B$651.0M$811.0M
Income tax $42.0M$14.0M$36.0M$26.0M$91.0M$220.0M$30.0M$150.0M$80.0M$40.0M
Net income $776.0M$707.0M$752.0M$643.0M-$11.0M-$732.0M$920.0M$1.09B$564.0M$762.0M
EPS, basic 1.110.991.040.89-0.02-1.041.261.470.761.03
EPS, diluted 1.100.991.040.88-0.02-1.041.261.470.761.02
Shares, diluted (wtd. avg.) 694.1M704.0M712.8M717.5M710.3M706731741739743.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $768.0M$554.0M$1.14B$667.0M$807.0M$2.33B$1.57B$1.54B$913.0M$372.0M
Property, plant and equipment $10.64B$10.91B$9.62B$9.75B$9.99B$9.42B$9.67B$9.76B$9.69B$10.14B
Total assets $13.05B$13.05B$12.24B$12.27B$12.35B$12.89B$12.30B$12.09B$11.69B$11.41B
Long-term debt $1.27B$896.0M$746.0M$758.0M$436.0M$442.0M$445.0M$455.0M$1.50B$1.22B
Total liabilities $6.32B$6.27B$5.42B$5.39B$5.78B$6.46B$4.84B$4.40B$4.52B$4.21B
Retained earnings -$670.0M-$777.0M-$839.0M-$939.0M-$1.19B-$1.18B-$307.0M-$610.0M-$1.07B-$1.01B
Total equity $6.56B$6.61B$6.64B$6.71B$6.45B$6.33B$7.32B$7.49B$6.97B$6.99B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.51B$1.50B$1.44B$1.42B$292.0M-$307.0M$1.25B$1.30B$1.23B$1.30B
Stock-based compensation $26.0M$24.0M$30.0M$26.0M$18.0M$17.0M$15.0M$14.0M$11.0M$12.0M
Capital expenditure $282.0M$260.0M$195.0M$307.0M$293.0M$343.0M$336.0M$200.0M$72.0M$293.0M
Investing cash flow -$507.0M-$2.04B-$183.0M-$618.0M-$1.16B-$195.0M$58.0M$100.0M-$267.0M-$99.0M
Financing cash flow -$868.0M-$13.0M-$771.0M-$874.0M-$657.0M$1.23B-$1.31B-$748.0M-$402.0M-$1.04B
Dividends paid $623.0M$737.0M$547.0M$150.0M$0$320.0M$623.0M$629.0M$628.0M$596.0M
Buybacks $205.0M$107.0M$182.0M$27.0M$0$147.0M$482.0M——$218.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001070750-26-000062.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B 8B Revenue, FY2016: 5.4B Net income, FY2016: 762M Revenue, FY2017: 5.4B Net income, FY2017: 564M Revenue, FY2018: 5.5B Net income, FY2018: 1.1B Revenue, FY2019: 5.5B Net income, FY2019: 920M Revenue, FY2020: 1.6B Net income, FY2020: -732M Revenue, FY2021: 2.9B Net income, FY2021: -11M Revenue, FY2022: 4.9B Net income, FY2022: 643M Revenue, FY2023: 5.3B Net income, FY2023: 752M Revenue, FY2024: 5.7B Net income, FY2024: 707M Revenue, FY2025: 6.1B Net income, FY2025: 776M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.43B $5.39B $5.52B $5.47B $1.62B $2.89B $4.91B $5.31B $5.68B $6.11B
Gross profit — — — — — — — — — —
Net income $762.0M $564.0M $1.09B $920.0M -$732.0M -$11.0M $643.0M $752.0M $707.0M $776.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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