Host Hotels & Resorts, Inc. (HST) in Bethesda, Md., is the largest lodging REIT and one of the major owners of luxury and upper-upscale hotels. The company currently owns 75 facilities in the United States and five properties outside of the United States, totaling around 44,400 rooms. It also has non-controlling interests in seven domestic joint ventures and one foreign joint venture.
It reported $998 million in revenue for the quarter ended Dec. 31, 2021, compared to $267 million in the prior year. Furthermore, the hotel real estate investment trust was expected to report a $0.14 per share FFO but in fact earned an FFO of $0.20, representing a 42.86% surprise. The company's shares have gained 8.3% in price over the past six months to close yesterday's trading session at $17.95.
