Revenue: As of FY2026 Q1, the actual value is USD 1.645 B.EPS: As of FY2026 Q1, the actual value is USD 0.72, beating the estimate of USD 0.3584.EBIT: As of FY2026 Q1, the actual value is USD 366 M.<h3>Segment: Hotel Ownership</h3><h4>Revenue</h4><ul><li>Total Revenues: Host Hotels &amp; Resorts, Inc. reported total revenues of $1,645 million for the quarter ended March 31, 2026, an increase of 3.2% compared to $1,594 million for the same period in 2025. <ul><li>Rooms Revenue: Rooms revenue increased by 0.5% to $943 million in Q1 2026 from $938 million in Q1 2025. </li><li>Food and Beverage Revenue: Food and beverage revenue saw a 2.8% increase, reaching $517 million in Q1 2026 compared to $503 million in Q1 2025. </li><li>Other Revenues: Other revenues grew by 3.9% to $159 million in Q1 2026 from $153 million in Q1 2025. </li><li>Condominium Sales: Condominium sales were $26 million in Q1 2026, up from $0 million in Q1 2025. </li></ul></li><li>Comparable Hotel Revenues: Comparable hotel revenues increased by 4.7% to $1,544 million in Q1 2026 from $1,474 million in Q1 2025. </li></ul><h4>Operational Metrics</h4><ul><li>Net Income: Net income for Host Hotels &amp; Resorts, Inc. was $501 million for the quarter ended March 31, 2026, a 99.6% increase from $251 million in the prior year period. </li><li>Operating Profit: Operating profit increased by 11.9% to $319 million in Q1 2026 from $285 million in Q1 2025. </li><li>Operating Profit Margin (under GAAP): The operating profit margin improved by 150 basis points, reaching 19.4% in Q1 2026 compared to 17.9% in Q1 2025. </li><li>EBITDAre: EBITDAre increased by 5.7% to $537 million in Q1 2026 from $508 million in Q1 2025. </li><li>Adjusted EBITDAre: Adjusted EBITDAre grew by 5.6% to $543 million in Q1 2026 from $514 million in Q1 2025. </li><li>Comparable Hotel EBITDA: Comparable Hotel EBITDA increased by 7.0% to $505 million in Q1 2026 from $472 million in Q1 2025. </li><li>Comparable Hotel EBITDA Margin: The Comparable Hotel EBITDA Margin increased by 70 basis points to 32.7% in Q1 2026 from 32.0% in Q1 2025. </li><li>Comparable Hotel Total RevPAR: Comparable Hotel Total RevPAR increased by 4.6% to $418.20 in Q1 2026 from $399.66 in Q1 2025. </li><li>Comparable Hotel RevPAR: Comparable Hotel RevPAR increased by 4.4% to $244.11 in Q1 2026 from $233.77 in Q1 2025. </li><li>Rooms Expenses: Rooms expenses saw a -0.4% change, totaling $224 million in Q1 2026 compared to $225 million in Q1 2025. </li><li>Food and Beverage Expenses: Food and beverage expenses increased by 1.2% to $327 million in Q1 2026 from $323 million in Q1 2025. </li><li>Other Departmental and Support Expenses: Other departmental and support expenses increased by 2.5% to $373 million in Q1 2026 from $364 million in Q1 2025. </li><li>Management Fees: Management fees decreased by -2.9% to $67 million in Q1 2026 from $69 million in Q1 2025. </li><li>Other Property-Level Expenses: Other property-level expenses saw a -7.2% change, totaling $103 million in Q1 2026 compared to $111 million in Q1 2025. </li><li>Cost of Goods Sold: Cost of goods sold was $21 million in Q1 2026, up from $0 million in Q1 2025. </li><li>Corporate and Other Expenses: Corporate and other expenses decreased by -9.7% to $28 million in Q1 2026 from $31 million in Q1 2025. </li><li>Net Gain on Insurance Settlements: Net gain on insurance settlements decreased by -30.0% to $7 million in Q1 2026 from $10 million in Q1 2025. </li><li>Interest Income: Interest income was $12 million in Q1 2026, up from $8 million in Q1 2025. </li><li>Interest Expense: Interest expense increased by 3.5% to $59 million in Q1 2026 from $57 million in Q1 2025. </li><li>Other Gains: Other gains saw a significant increase of 5950.0% to $242 million in Q1 2026 from $4 million in Q1 2025, primarily due to hotel sales. </li><li>Benefit (Provision) for Income Taxes: The benefit (provision) for income taxes changed by -1800.0%, resulting in - $17 million in Q1 2026 compared to $1 million in Q1 2025. </li><li>Capital Expenditures: Total capital expenditures were $122 million in Q1 2026, down from $146 million in Q1 2025. <ul><li>Renewals and Replacements: Spending on renewals and replacements was - $71 million in Q1 2026 compared to - $100 million in Q1 2025. </li><li>Return on Investment: Spending on return on investment projects was - $51 million in Q1 2026 compared to - $46 million in Q1 2025. </li></ul></li><li>Total Debt: Total debt was $5,079 million as of March 31, 2026, a slight increase from $5,077 million as of December 31, 2025. </li><li>Weighted Average Interest Rate: The weighted average interest rate was 4.8% as of March 31, 2026. </li><li>Weighted Average Maturity: The weighted average maturity was 4.9 years as of March 31, 2026. </li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Net cash provided by operating activities was $342 million in Q1 2026, an increase from $305 million in Q1 2025. </li><li>Net Cash Provided by (Used in) Investing Activities: Net cash provided by investing activities was $914 million in Q1 2026, a significant increase from - $83 million used in Q1 2025. </li><li>Net Cash Used in Financing Activities: Net cash used in financing activities was - $337 million in Q1 2026, compared to - $327 million in Q1 2025. </li><li>Cash and Cash Equivalents (End of Period): Cash and cash equivalents at the end of the period were $1,703 million as of March 31, 2026, compared to $768 million as of December 31, 2025. </li><li>Restricted Cash (End of Period): Restricted cash at the end of the period was $2 million as of March 31, 2026, remaining consistent with March 31, 2025. </li><li>Cash included in Furniture, Fixtures and Equipment Replacement Fund (End of Period): Cash included in the Furniture, Fixtures and Equipment Replacement Fund was $151 million as of March 31, 2026, down from $264 million as of March 31, 2025. </li><li>Total Cash and Cash Equivalents and Restricted Cash (End of Period): Total cash and cash equivalents and restricted cash amounted to $1,856 million as of March 31, 2026, compared to $694 million as of March 31, 2025. </li><li>Total Interest Paid: Total interest paid was $41 million in Q1 2026, down from $56 million in Q1 2025. </li><li>Income Taxes Paid: Income taxes paid were $9 million in Q1 2026, up from $2 million in Q1 2025. </li></ul><h4>Unique Metrics and Strategic Summary</h4><ul><li>Hotel Portfolio: As of March 31, 2026, Host Hotels &amp; Resorts, Inc.’s consolidated portfolio consisted of 76 hotels located across the United States (71), Brazil (3), and Canada (2). </li><li>Share Repurchases: Host Hotels &amp; Resorts, Inc. repurchased 4.0 million shares of common stock for $75 million during Q1 2026, with $405 million remaining under the repurchase program as of March 31, 2026. </li><li>Dividends: A regular quarterly cash dividend of $0.20 per share was announced on February 18, 2026, and paid on April 15, 2026. A second quarter cash dividend of $0.92 per share, comprising a regular quarterly dividend of $0.20 per share and a special dividend of $0.72 per share, was authorized on May 6, 2026, for payment on July 15, 2026. </li><li>Dispositions: During Q1 2026, the company sold The St. Regis Houston for $51 million and the Four Seasons Resort Orlando at Walt Disney World® Resort and the Four Seasons Resort and Residences Jackson Hole for $1.1 billion, resulting in an aggregate gain on sale of $242 million. </li><li>Capital Projects: Approximately $51 million was spent on return on investment (ROI) capital projects and $71 million on renewal and replacement projects in Q1 2026. The company anticipates investing $125 million to $200 million per year on its transformational capital program with Hyatt through 2027, with about 83% of total estimated costs spent by March 31, 2026. A second transformational capital program with Marriott International is projected to cost between $300 million and $350 million through 2029. </li><li>Condominium Development: Construction continued on 40 Four Seasons-branded condominiums adjacent to the Four Seasons Resort Orlando, with $8 million spent on development costs in Q1 2026. </li><li>Insurance Proceeds: As of March 31, 2026, $81 million in insurance proceeds related to Hurricanes Helene and Milton claims had been received, including $31 million recognized as business interruption gains. </li></ul><h4>Outlook and Strategy</h4>Host Hotels &amp; Resorts, Inc. projects comparable hotel RevPAR growth for the full year 2026 to be between 3.0% and 4.5%. Total capital expenditures for full year 2026 are estimated at $545 million to $655 million, including $250 million to $300 million for ROI projects and $275 million to $325 million for renewal and replacement expenditures. The company expects wage and benefit rate inflation to be approximately 5% in 2026 and will continue to evaluate potential cash uses for remaining proceeds from asset sales, such as acquisitions, additional common stock repurchases, or increased dividends.

Host Hotel & Resorts | 10-Q: FY2026 Q1 Revenue: USD 1.645 B