Quarterly ResultMay 6, 2026, 04:32 PM
Host Hotels Q1 RevPAR +4.4%; Raises FY26 Guidance; Declares $0.92 Dividend
AI Summary
Host Hotels & Resorts reported strong first quarter 2026 results, exceeding expectations with comparable hotel RevPAR growth of 4.4% and a 99.6% increase in net income. The company raised its full-year 2026 comparable hotel RevPAR guidance range to 3.0% to 4.5% and its Adjusted EBITDAre guidance. Additionally, the Board of Directors authorized a second quarter cash dividend of $0.92 per share, comprising a regular dividend of $0.20 and a special dividend of $0.72, primarily from the taxable gain on recent asset sales.
Key Highlights
- Q1 2026 Comparable Hotel RevPAR increased 4.4% to $244.11.
- Q1 2026 Net income was $501 million, up 99.6% year-over-year.
- Q1 2026 Diluted earnings per common share was $0.72, up 105.7% year-over-year.
- Raised Full Year 2026 Comparable Hotel RevPAR guidance to 3.0% to 4.5% growth.
- Raised Full Year 2026 Adjusted EBITDAre guidance to $1,785 million to $1,835 million.
- Declared a Q2 cash dividend of $0.92 per share, including a $0.72 special dividend.
- Repurchased 4.0 million shares for $75 million in Q1 2026.
- Sold three hotels for a total of $1.151 billion in Q1 2026.