--- title: "Host Hotel & Resorts | 10-Q: FY2026 Q1 Revenue: USD 1.645 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285757689.md" datetime: "2026-05-08T17:15:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285757689.md) - [en](https://longbridge.com/en/news/285757689.md) - [zh-HK](https://longbridge.com/zh-HK/news/285757689.md) --- # Host Hotel & Resorts | 10-Q: FY2026 Q1 Revenue: USD 1.645 B 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. ### Segment: Hotel Ownership #### Revenue - **Total Revenues**: Host Hotels & 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. - **Rooms Revenue**: Rooms revenue increased by 0.5% to $943 million in Q1 2026 from $938 million in Q1 2025. - **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. - **Other Revenues**: Other revenues grew by 3.9% to $159 million in Q1 2026 from $153 million in Q1 2025. - **Condominium Sales**: Condominium sales were $26 million in Q1 2026, up from $0 million in Q1 2025. - **Comparable Hotel Revenues**: Comparable hotel revenues increased by 4.7% to $1,544 million in Q1 2026 from $1,474 million in Q1 2025. #### Operational Metrics - **Net Income**: Net income for Host Hotels & Resorts, Inc. was $501 million for the quarter ended March 31, 2026, a 99.6% increase from $251 million in the prior year period. - **Operating Profit**: Operating profit increased by 11.9% to $319 million in Q1 2026 from $285 million in Q1 2025. - **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. - **EBITDAre**: EBITDAre increased by 5.7% to $537 million in Q1 2026 from $508 million in Q1 2025. - **Adjusted EBITDAre**: Adjusted EBITDAre grew by 5.6% to $543 million in Q1 2026 from $514 million in Q1 2025. - **Comparable Hotel EBITDA**: Comparable Hotel EBITDA increased by 7.0% to $505 million in Q1 2026 from $472 million in Q1 2025. - **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. - **Comparable Hotel Total RevPAR**: Comparable Hotel Total RevPAR increased by 4.6% to $418.20 in Q1 2026 from $399.66 in Q1 2025. - **Comparable Hotel RevPAR**: Comparable Hotel RevPAR increased by 4.4% to $244.11 in Q1 2026 from $233.77 in Q1 2025. - **Rooms Expenses**: Rooms expenses saw a -0.4% change, totaling $224 million in Q1 2026 compared to $225 million in Q1 2025. - **Food and Beverage Expenses**: Food and beverage expenses increased by 1.2% to $327 million in Q1 2026 from $323 million in Q1 2025. - **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. - **Management Fees**: Management fees decreased by -2.9% to $67 million in Q1 2026 from $69 million in Q1 2025. - **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. - **Cost of Goods Sold**: Cost of goods sold was $21 million in Q1 2026, up from $0 million in Q1 2025. - **Corporate and Other Expenses**: Corporate and other expenses decreased by -9.7% to $28 million in Q1 2026 from $31 million in Q1 2025. - **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. - **Interest Income**: Interest income was $12 million in Q1 2026, up from $8 million in Q1 2025. - **Interest Expense**: Interest expense increased by 3.5% to $59 million in Q1 2026 from $57 million in Q1 2025. - **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. - **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. - **Capital Expenditures**: Total capital expenditures were $122 million in Q1 2026, down from $146 million in Q1 2025. - **Renewals and Replacements**: Spending on renewals and replacements was - $71 million in Q1 2026 compared to - $100 million in Q1 2025. - **Return on Investment**: Spending on return on investment projects was - $51 million in Q1 2026 compared to - $46 million in Q1 2025. - **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. - **Weighted Average Interest Rate**: The weighted average interest rate was 4.8% as of March 31, 2026. - **Weighted Average Maturity**: The weighted average maturity was 4.9 years as of March 31, 2026. #### Cash Flow - **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. - **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. - **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. - **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. - **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. - **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. - **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. - **Total Interest Paid**: Total interest paid was $41 million in Q1 2026, down from $56 million in Q1 2025. - **Income Taxes Paid**: Income taxes paid were $9 million in Q1 2026, up from $2 million in Q1 2025. #### Unique Metrics and Strategic Summary - **Hotel Portfolio**: As of March 31, 2026, Host Hotels & Resorts, Inc.’s consolidated portfolio consisted of 76 hotels located across the United States (71), Brazil (3), and Canada (2). - **Share Repurchases**: Host Hotels & 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. - **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. - **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. - **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. - **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. - **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. #### Outlook and Strategy Host Hotels & 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. ### Related Stocks - [HST.US](https://longbridge.com/en/quote/HST.US.md) ## Related News & Research - [Host Hotels & Resorts, Inc. 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