host hotels & resorts inc (HST) Key Developments
Host Hotels & Resorts, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015
Apr 30 15
Host Hotels & Resorts, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported total revenues of $1,317 million against $1,309 million a year ago. Operating profit was $144 million against $134 million a year ago. Income before income taxes was $95 million against $181 million a year ago. Net income attributable to company was $98 million or $0.13 per diluted share against $179 million or $0.24 per diluted share a year ago. EBITDA was $321 million against $411 million a year ago. Adjusted EBITDA was $321 million against $308 million a year ago. Adjusted FFO was $271 million or $0.35 per diluted share against $250 million or $0.33 per diluted share a year ago. NAREIT FFO per diluted share was $0.35 against $0.32 a year ago. The Company invested approximately $125 million in renewal and replacement capital expenditures during the first quarter 2015, an increase of approximately 65% over the first quarter of 2014 and approximately 35% of the forecast expenditures for the year.
The company provided earnings guidance for the full year of 2015. For the period, the company expects net income in the range of $483 million to $512 million, interest expenses in the range of $199 million to $199 million, EBITDA in the range of $1,401 million to $1,431 million, adjusted EBITDA in the range of $1,420 million to $1,450 million, NAREIT and Adjusted FFO in the range of $1,171 million to $1,200 million, earnings per diluted share in the range of $0.62 to $0.66 and NAREIT and Adjusted FFO per diluted share in the range of $1.52 to $1.55. For 2015, the Company anticipates completing several large-scale redevelopment projects which entail the closure of hotels and meeting spaces. The Company expects that redevelopment projects, ROI, and acquisition capital expenditures for 2015 will range from $270 million to $285 million.
Host Hotels & Resorts, Inc. Presents at Nomura 2015 2nd Annual Gaming, Leisure and Lodging Conference, May-19-2015
Apr 17 15
Host Hotels & Resorts, Inc. Presents at Nomura 2015 2nd Annual Gaming, Leisure and Lodging Conference, May-19-2015 . Venue: World Wide Plaza, 309 Wear 49th Street, New York, NY 10019, United States. Speakers: Gee Lingberg, Vice President, Investor Relations, Gregory J. Larson, Chief Financial Officer and Executive Vice President.
Host Hotels & Resorts Announces Leadership Restructuring of its Investment Team
Apr 15 15
Host Hotels & Resorts, Inc. announced that as part of a leadership reorganization of its investment team, James F. Risoleo, currently executive vice president and managing director Europe, has also assumed managing director responsibilities for all the company's West Coast investment activities. Nathan S. Tyrrell, currently senior vice president and treasurer, has become managing director of investment activities in the East. Mr. Risoleo and Mr. Tyrrell will report directly to the company's chief executive officer, W. Edward Walter. Jay L. Johnson, currently vice president and assistant treasurer has been elected senior vice president and treasurer and will report directly to the company's chief financial officer, Gregory J. Larson. Mr. Risoleo, who has been with the company since 1996, has overseen investments in Europe since the inception of the company's activities in 2006. Previously, he served as executive vice president and chief investment officer from 2000 to 2011. Mr. Tyrrell, who joined the company in 2005, has served as senior vice president and treasurer of the company since 2010. He has led the company's strategic planning efforts and has been a member of the investment committee since 2012. Mr. Johnson, currently vice president and assistant treasurer, joined the company in 2010. Mr. Johnson led the efforts related to the company's new credit facility in 2014 and handled all mortgage loans related to foreign investments. Prior to joining Host, Mr. Johnson was a vice president at KeyBank Real Estate Capital. Struan B. Robertson, who has acted as chief investment officer since 2013, will remain with the Company until May 1, 2015. He will continue to serve as an executive vice president reporting to W. Edward Walter.
Host Hotels & Resorts, Inc., Annual General Meeting, May 14, 2015
Apr 6 15
Host Hotels & Resorts, Inc., Annual General Meeting, May 14, 2015., at 11:00 US Eastern Standard Time. Location: The Hyatt Regency Hotel, Reston. Agenda: To consider the election of nine directors; to consider the ratification of the appointment of KPMG LLP as the company's independent registered public accountants for 2015; to consider the advisory resolution to approve executive compensation; to consider stockholder proposal, if properly presented at the meeting; and to transaction of any other business that may be properly brought before the annual meeting.
Host Hotels & Resorts, Inc. to Report Q1, 2015 Results on Apr 30, 2015
Mar 23 15
Host Hotels & Resorts, Inc. announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on Apr 30, 2015