Bethesda, Maryland-based Host Hotels & Resorts, Inc. (HST) is a leading lodging real estate investment trust (REIT) based in the United States. With a market cap of $9.4 billion, it primarily owns luxury and upper-upscale hotels located in key urban and resort markets, managed under well-known global brands such as Marriott, Ritz-Carlton, Westin, Hyatt, and Hilton.
The company is all set to unveil its Q1 earnings results after the market closes on Wednesday, Apr. 30. Ahead of this event, analysts expect the REIT to report an AFFO of $0.55 per share, down 8.3% from $0.60 per share in the year-ago quarter. The company has a track record of either surpassing or meeting Wall Street's AFFO estimates in the last four quarters. Its AFFO of $0.44 per share in the previous quarter beat the consensus estimate by 10%.
