Host Hotels Covers $0.80 Dividend More Than 2x With 2026 Adjusted FFO Guidance

24/7 Wall St·23 Sep 2026·

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Earnings Corporate Action Hotel & Resort REITs

HST ▲

Summary · why it matters

Host Hotels & Resorts guides 2026 adjusted FFO per diluted share to $2.10 to $2.16, raised from $2.03 to $2.11, covering its $0.80 annualized regular dividend more than 2x over. The largest lodging landlord in the country owns 76 properties and roughly 41,700 rooms under premium flags including Marriott, Ritz-Carlton, Westin, Hyatt and Hilton. The trailing 12-month payout of $1.67 per share looks larger only because it includes the $0.72 special dividend paid July 15, 2026, distributing roughly $500 million of taxable gain from the Four Seasons Orlando and Jackson Hole sales, a one-time REIT distribution requirement rather than a run-rate. At $22.28, the stated yield of 3.59% reflects the $0.80 regular rate, and liquidity after the July special dividend stood at $3 billion with leverage at 2.2 times and a Baa2 Moody's rating upgraded in 2025. CEO James Risoleo said affluent consumers are continuing to prioritize spending on travel and group demand remains steady, though management flagged weaker short-term transient bookings at the low end of guidance and 5% wage growth.

Host Hotels & Resorts Inc ▲