Host Hotels & Resorts Files Q2 2024 10-Q

TL;DR

**HOST Q2 10-Q FILED: Check financials & ops updates.**

AI Summary

Host Hotels & Resorts, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported its financial results and operational highlights for the second quarter. Key financial data and business updates were disclosed in this filing.

Why It Matters

This filing provides investors with a detailed look at Host Hotels & Resorts' financial performance and strategic positioning during the second quarter of 2024.

Risk Assessment

Risk Level: medium — As a real estate investment trust, the company's performance is subject to market fluctuations and economic conditions affecting the hospitality sector.

Key Numbers

• 3.875 — Interest Rate (Likely related to debt instruments, indicating cost of borrowing.)

Key Players & Entities

• HOST HOTELS & RESORTS, INC. (company) — Filer
• 20240630 (date) — Period of Report
• 20240802 (date) — Filing Date
• HOST HOTELS & RESORTS L.P. (company) — Related Filer

FAQ

Key Financial Figures

• $0.01 — st Hotels & Resorts, Inc. Common Stock, $0.01 par value HST The Nasdaq Stock Market L

Filing Documents

• hst-20240630.htm (10-Q) — 2526KB
• hst-10qxexx1014.htm (EX-10.14) — 54KB
• hst-10qxexx1015.htm (EX-10.15) — 54KB
• hst-10qxexx1016.htm (EX-10.16) — 1794KB
• hst-10qxexx3111.htm (EX-31.1) — 10KB
• hst-10qxexx3121.htm (EX-31.2) — 10KB
• hst-10qxexx3131.htm (EX-31.3) — 12KB
• hst-10qxexx3141.htm (EX-31.4) — 11KB
• hst-10qxexx3211.htm (EX-32.1) — 6KB
• hst-10qxexx3221.htm (EX-32.2) — 6KB
• 0001070750-24-000167.txt ( ) — 11172KB
• hst-20240630.xsd (EX-101.SCH) — 42KB
• hst-20240630_cal.xml (EX-101.CAL) — 73KB
• hst-20240630_def.xml (EX-101.DEF) — 301KB
• hst-20240630_lab.xml (EX-101.LAB) — 503KB
• hst-20240630_pre.xml (EX-101.PRE) — 457KB
• hst-20240630_htm.xml (XML) — 1353KB

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 - June 30, 2024 (unaudited) and December 31, 2023 1 Condensed Consolidated Statements of Operations (unaudited) - Quarter and Year-to-date ended June 30, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income (unaudited) - Quarter and Year-to-date ended June 30, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows (unaudited) - Year-to-date ended June 30, 2024 and 2023 4

Financial Statements for Host Hotels & Resorts, L.P

Financial Statements for Host Hotels & Resorts, L.P.: Condensed Consolidated Balance Sheets - June 30, 2024 (unaudited) and December 31, 2023 6 Condensed Consolidated Statements of Operations (unaudited) - Quarter and Year-to-date ended June 30, 2024 and 2023 7 Condensed Consolidated Statements of Comprehensive Income (unaudited) - Quarter and Year-to-date ended June 30, 2024 and 2023 8 Condensed Consolidated Statements of Cash Flows (unaudited) - Year-to-date ended June 30, 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 21 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 48 Item 4.

Controls and Procedures

Controls and Procedures 49

OTHER INFORMATION

PART II. OTHER INFORMATION Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 50 Item 5. Other Information 51 Item 6. Exhibits 51 ii HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2024 and December 31, 2023 (in millions, except share and per share amounts) June 30, 2024 December 31, 2023 unaudited ASSETS Property and equipment, net $ 10,017 $ 9,624 Right-of-use assets 551 550 Due from managers 151 128 Advances to and investments in affiliates 156 126 Furniture, fixtures and equipment replacement fund 242 217 Notes receivable 72 72 Other 413 382 Cash and cash equivalents 805 1,144 Total assets $ 12,407 $ 12,243 LIABILITIES, NON-CONTROLLING INTERESTS AND EQUITY Debt Senior notes $ 3,307 $ 3,120 Credit facility, including the term loans of $ 997 990 989 Mortgage and other debt 99 100 Total debt 4,396 4,209 Lease liabilities 562 563 Accounts payable and accrued expenses 226 408 Due to managers 53 64 Other 181 173 Total liabilities 5,418 5,417 Redeemable non-controlling interests - Host Hotels & Resorts, L.P. 172 189 Host Hotels & Resorts, Inc. stockholders' equity: Common stock, par value $ 0.01 , 1,050 million shares authorized, 702.3 million shares and 703.6 million shares issued and outstanding, respectively 7 7 Additional paid-in capital 7,500 7,535 Accumulated other comprehensive loss ( 78 ) ( 70 ) Deficit ( 615 ) ( 839 ) Total equity of Host Hotels & Resorts, Inc. stockholders 6,814 6,633 Non-redeemable non-controlling interests—other consolidated partnerships 3 4 Total equity 6,817 6,637 Total liabilities, non-controlling interests and equity $ 12,407 $ 12,243 See notes to condensed consolidated financial statements. 1 HOST HOTELS & RESORTS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Quarter and Year-to-date ended June 30, 2024 and 2023 (unaudited, in millions, except per share amounts) Quarter ended June

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View this 10-Q filing on SEC EDGAR