Valued at a market cap of almost $12.3 billion, Host Hotels & Resorts, Inc. (HST) is the world's largest publicly traded lodging real estate investment trust (REIT) and one of the largest owners of luxury and upper-upscale hotels. The Maryland-based company is expected to announce its fiscal Q3 earnings results after the market closes on Wednesday, Nov. 6.
Ahead of this event, analysts expect the REIT to report an FFO of $0.36 per share, down 12.2% from $0.41 per share in the year-ago quarter. The company has consistently met or beaten Wall Street's bottom-line estimates in the last four quarters. In Q2, the company’s adjusted FFO of $0.57 outpaced the consensus estimates by 1.8% and increased 7.5% from a year ago.
