Host Hotels & Resorts Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - Host Hotels & Resorts, Inc. (HST), the nation's largest lodging real estate investment trust, reported second quarter net income attributable to company of $212 million or $0.28 per share compared to $155 million or $0.21 per share last year.

NAREIT FFO per share was $0.43, flat with prior year. Adjusted FFO per share was $0.46, for the quarter.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.46 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $1.45 billion compared to $1.43 billion, a year ago. Analysts expected revenue of $1.46 billion for the quarter. Comparable RevPAR on a constant dollar basis improved 4.8% for the quarter.

Host Hotels & Resorts said, given its strong operating outlook, the company is committed to sustaining a meaningful dividend, subject to approval by the company's Board.

For 2015, the company expects: total comparable hotel RevPAR to increase between 4.5% to 5.0% on a constant dollar basis, and adjusted FFO per share to be in the range of $1.52 to $1.55. Analysts expect the company to report earnings per share of $1.55.