Host Hotels & Resorts Q4 Profit Jumps - Quick Facts

(RTTNews) - Host Hotels & Resorts, Inc. (HST), a lodging real estate investment trust, reported a sharp surge in fourth-quarter 2013 net income attributable to the company to $123 million, or $0.16 per share, from $15 million, or $0.02 per share, last year. Quarterly adjusted FFO per share amounted to $0.33. On average, 23 analysts polled by Thomson Reuters expected earnings per share of $0.31 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, total revenues of $1.33 billion in the quarter were lower than the prior-year figure of $1.67 billion, while 16 analysts estimated revenues of $1.30 billion. The company's owned hotel revenues came in at $1.32 billion, up 7.5%, compared with the corresponding 2012 "As Adjusted" quarterly results. According to Host Hotels, the growth reflects a 6.0% revenue improvement at the firm's comparable hotels for the fourth quarter.