Host Hotels & Resorts, Inc. Files 10-Q for Period Ending March 31, 2024
Ticker: HST · Form: 10-Q · Filed: May 3, 2024 · CIK: 1070750
Sentiment: neutral
Topics: 10-Q, Host Hotels & Resorts, Financial Report, REIT, Quarterly Filing
TL;DR
<b>Host Hotels & Resorts, Inc. has submitted its quarterly report (10-Q) for the period ending March 31, 2024, detailing financial performance and operational segments.</b>
AI Summary
HOST HOTELS & RESORTS, INC. (HST) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Host Hotels & Resorts, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing pertains to Host Hotels & Resorts, Inc. (CIK: 0001070750) and its subsidiary Host Hotels & Resorts L.P. (CIK: 0001061937). The report covers the fiscal quarter from January 1, 2024, to March 31, 2024. Key financial data points such as occupancy, food & beverage, and hotel other revenue segments are referenced. The company's principal executive offices are located at 4747 Bethesda Avenue, Suite 1300, Bethesda, MD.
Why It Matters
For investors and stakeholders tracking HOST HOTELS & RESORTS, INC., this filing contains several important signals. This filing provides investors with an updated view of the company's financial health and operational performance for the first quarter of 2024. The 10-Q report is crucial for understanding the REIT's revenue streams, including occupancy and food & beverage, and how they compare to the previous year.
Risk Assessment
Risk Level: low — HOST HOTELS & RESORTS, INC. shows low risk based on this filing. The risk is low as this is a standard quarterly filing (10-Q) providing routine financial updates, not indicating any immediate or significant adverse events.
Analyst Insight
Monitor future filings for detailed financial results and operational performance trends in the hotel real estate sector.
Key Numbers
- 2024-03-31 — Period of Report (Quarterly filing)
- 2024-05-03 — Filing Date (10-Q submission)
- 0001070750 — Central Index Key (Host Hotels & Resorts, Inc.)
- 0001061937 — Central Index Key (Host Hotels & Resorts L.P.)
Key Players & Entities
- HOST HOTELS & RESORTS, INC. (company) — Filer
- 0001070750 (company) — Central Index Key for Host Hotels & Resorts, Inc.
- HOST HOTELS & RESORTS L.P. (company) — Filer
- 0001061937 (company) — Central Index Key for Host Hotels & Resorts L.P.
- 2024-03-31 (date) — Period of report
- 2024-05-03 (date) — Filing date
- 4747 BETHESDA AVENUE (address) — Business address
- BETHESDA (location) — City of business address
FAQ
When did HOST HOTELS & RESORTS, INC. file this 10-Q?
HOST HOTELS & RESORTS, INC. filed this Quarterly Report (10-Q) with the SEC on May 3, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by HOST HOTELS & RESORTS, INC. (HST).
Where can I read the original 10-Q filing from HOST HOTELS & RESORTS, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by HOST HOTELS & RESORTS, INC..
What are the key takeaways from HOST HOTELS & RESORTS, INC.'s 10-Q?
HOST HOTELS & RESORTS, INC. filed this 10-Q on May 3, 2024. Key takeaways: Host Hotels & Resorts, Inc. filed a 10-Q report for the period ending March 31, 2024.. The filing pertains to Host Hotels & Resorts, Inc. (CIK: 0001070750) and its subsidiary Host Hotels & Resorts L.P. (CIK: 0001061937).. The report covers the fiscal quarter from January 1, 2024, to March 31, 2024..
Is HOST HOTELS & RESORTS, INC. a risky investment based on this filing?
Based on this 10-Q, HOST HOTELS & RESORTS, INC. presents a relatively low-risk profile. The risk is low as this is a standard quarterly filing (10-Q) providing routine financial updates, not indicating any immediate or significant adverse events.
What should investors do after reading HOST HOTELS & RESORTS, INC.'s 10-Q?
Monitor future filings for detailed financial results and operational performance trends in the hotel real estate sector. The overall sentiment from this filing is neutral.
Key Dates
- 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
- 2024-05-03: Filing Date — Date the 10-Q was officially submitted to the SEC.
Filing Stats: 4,677 words · 19 min read · ~16 pages · Grade level 9.9 · Accepted 2024-05-03 15:50:47
Key Financial Figures
- $0.01 — st Hotels & Resorts, Inc. Common Stock, $0.01 par value HST The Nasdaq Stock Market L
Filing Documents
- hst-20240331.htm (10-Q) — 1579KB
- hst-10qxexx311.htm (EX-31.1) — 10KB
- hst-10qxexx312.htm (EX-31.2) — 10KB
- hst-10qxexx313.htm (EX-31.3) — 12KB
- hst-10qxexx314.htm (EX-31.4) — 11KB
- hst-10qxexx321.htm (EX-32.1) — 6KB
- hst-10qxexx322.htm (EX-32.2) — 6KB
- 0001070750-24-000128.txt ( ) — 6815KB
- hst-20240331.xsd (EX-101.SCH) — 40KB
- hst-20240331_cal.xml (EX-101.CAL) — 68KB
- hst-20240331_def.xml (EX-101.DEF) — 288KB
- hst-20240331_lab.xml (EX-101.LAB) — 477KB
- hst-20240331_pre.xml (EX-101.PRE) — 439KB
- hst-20240331_htm.xml (XML) — 772KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Page No. Item 1.
Financial Statements for Host Hotels & Resorts, Inc
Financial Statements for Host Hotels & Resorts, Inc.: Condensed Consolidated Balance Sheets - March 31, 2024 (unaudited) and December 31, 2023 1 Condensed Consolidated Statements of Operations (unaudited) - Quarter ended March 31, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - Quarter ended March 31, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows (unaudited) - Quarter ended March 31, 2024 and 2023 4
Financial Statements for Host Hotels & Resorts, L.P
Financial Statements for Host Hotels & Resorts, L.P.: Condensed Consolidated Balance Sheets - March 31, 2024 (unaudited) and December 31, 2023 6 Condensed Consolidated Statements of Operations (unaudited) - Quarter ended March 31, 2024 and 2023 7 Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - Quarter ended March 31, 2024 and 2023 8 Condensed Consolidated Statements of Cash Flows (unaudited) - Quarter ended March 31, 2024 and 2023 9 Notes to Condensed Consolidated Financial Statements (unaudited) 11 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 41 Item 4.
Controls and Procedures
Controls and Procedures 41
OTHER INFORMATION
PART II. OTHER INFORMATION Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 5. Other Information 42 Item 6. Exhibits 43 ii HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS March 31, 2024 and December 31, 2023 (in millions, except share and per share amounts) March 31, 2024 December 31, 2023 unaudited ASSETS Property and equipment, net $ 9,565 $ 9,624 Right-of-use assets 551 550 Due from managers 158 128 Advances to and investments in affiliates 147 126 Furniture, fixtures and equipment replacement fund 231 217 Notes receivable 72 72 Other 391 382 Cash and cash equivalents 1,349 1,144 Total assets $ 12,464 $ 12,243 LIABILITIES, NON-CONTROLLING INTERESTS AND EQUITY Debt Senior notes $ 3,121 $ 3,120 Credit facility, including the term loans of $ 997 1,290 989 Mortgage and other debt 99 100 Total debt 4,510 4,209 Lease liabilities 564 563 Accounts payable and accrued expenses 237 408 Due to managers 37 64 Other 176 173 Total liabilities 5,524 5,417 Redeemable non-controlling interests - Host Hotels & Resorts, L.P. 200 189 Host Hotels & Resorts, Inc. stockholders' equity: Common stock, par value $ 0.01 , 1,050 million shares authorized, 705.0 million shares and 703.6 million shares issued and outstanding, respectively 7 7 Additional paid-in capital 7,514 7,535 Accumulated other comprehensive loss ( 73 ) ( 70 ) Deficit ( 712 ) ( 839 ) Total equity of Host Hotels & Resorts, Inc. stockholders 6,736 6,633 Non-redeemable non-controlling interests—other consolidated partnerships 4 4 Total equity 6,740 6,637 Total liabilities, non-controlling interests and equity $ 12,464 $ 12,243 See notes to condensed consolidated financial statements. 1 HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Quarter ended March 31, 2024 and 2023 (unaudited, in millions, except per share amounts) Quarter ended March 31, 2024 2