Host Hotels raises annual FFO forecast on luxury segment strength
Host Hotels & Resorts, Inc. HST | 0.00 |
May 6 (Reuters) - Real estate investment trust Host Hotels & Resorts HST.O raised its forecast for 2026 adjusted funds from operations on Wednesday, helped by strong bookings for luxury hotels.
The Bethesda, Maryland-based REIT has benefited from its luxury portfolio as affluent travelers, who remain largely insulated from broader economic uncertainty, continue to spend on premium experiences.
Shares of the company rose 2% in extended trading.
It now expects a full-year adjusted FFO per share in the range of $2.10 to $2.16, compared with $2.03 to $2.11 previously.
The REIT reported a first-quarter quarterly adjusted FFO of 67 cents per share, compared with estimates of 59 cents per share, according to data compiled by LSEG.
Total revenue for the quarter ended March 31 was $1.65 billion, up 3.2% from a year earlier.
