StockWatch
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Real Estate Investment Trusts
Corporate ActionMay 28, 2026, 04:13 PM

Host Hotels Extends $600M Common Stock Distribution Agreement

AI Summary

Host Hotels & Resorts, Inc. amended its distribution agreement, originally established on May 31, 2023, which allows for the offering and sale of up to $600 million of its common stock. The amendment, effective May 27, 2026, extends the agreement's expiration date from May 31, 2026, until the earlier of the full sale of shares or termination by either party. Additionally, the amendment updates the settlement date for shares sold to the next business day (T+1) to conform to current industry practice.

Key Highlights

  • Amended distribution agreement for common stock offering.
  • Original agreement dated May 31, 2023.
  • Allows for sale of up to $600 million in common stock.
  • Amendment dated May 27, 2026.
  • Extends expiration date from May 31, 2026.
  • Updates settlement date to T+1 (next business day).
  • No shares sold under the agreement to date.