| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 64 | 14.9x | 17.8x | Around median | |
Growth | 44 | 4.9% | 7.1% | Around median | |
Quality | 45 | 6.9% | 4.5% | Around median | |
Safety | 62 | 2.2x | 2.6x | Around median | |
Capital Return | 75 | 7.51% | 2.12% | Top tier | |
Momentum | 78 | 35.2% | 2.9% | Top tier | |
Sentiment | 44 | 7 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Host Hotels & Resorts is a hospitality company that derives its revenue primarily from rooms, food and beverage, and on-property spending on services such as spa and golf. Its comparable portfolio included 74 hotels in Q2 FY2026 after excluding Don CeSar and Sheraton Parsippany, which were sold in June 2026, and its value-creation strategy focuses on increasing rates and occupancy, growing group business, and reinvesting capital in hotels with higher returns. The largest 40 hotels generate about 80% of earnings before interest, taxes, depreciation, and amortization, while 34 properties that underwent comprehensive renovations are expected to contribute about 60% of hotel earnings before interest, taxes, depreciation, and amortization in FY2026.
In Q2 FY2026, revenue reached $1.6 billion and net income was $237 million, representing an approximate net income margin of 14.8% and earnings per share of $0.35. On an adjusted basis, adjusted EBITDAre was about $525 million, up 5.8% year over year, and adjusted FFO per share was $0.63, an increase of 8.6%. Comparable hotel RevPAR also increased 7%, total RevPAR rose 5.9%, and the hotel-level EBITDA margin improved by 60 basis points to 31.9%.
The demand mix was broad in Q2 FY2026: transient guest revenue increased 7%, business travel revenue rose 4%, group revenue grew 7%, and food and beverage revenue increased 6%, while other revenue remained approximately stable. The hotels sold 1.1 million group room nights during the quarter, and confirmed group room nights for FY2026 totaled about 3.8 million nights. In ancillary services, spa revenue grew 4% and golf revenue increased 9%, supporting the luxury portfolio’s ability to generate revenue beyond room sales alone.
The analyst consensus rates HST shares a “Buy,” with an average price target of $25.28 and a target range of $23 to $27. The average is only $0.43 below the top of the 52-week range of $25.71, while the bottom of the range is $15.61, linking the valuation rationale to continued RevPAR growth, renovation execution, and sustained margin improvement. Conversely, this valuation should reflect expectations for moderating rate and margin growth in the second half of FY2026, along with the reduced earnings forecast for the Four Seasons Orlando project.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Revenue reached $1.6 billion and net income was $237 million, with earnings per share of $0.35. Adjusted EBITDAre was about $525 million, up 5.8% from Q2 FY2025, while adjusted FFO per share grew 8.6% to $0.63. Comparable hotel RevPAR increased 7%, and the hotel EBITDA margin improved by 60 basis points to 31.9%.
The company estimated that World Cup contributed about 160 basis points to RevPAR growth in Q2 FY2026. In June 2026, RevPAR grew 15% in tournament markets, compared with 12% growth in markets not associated with it. For full-year FY2026, management raised its estimate of the tournament’s contribution to about 70 basis points of RevPAR growth, an increase of 10 basis points from its initial forecast.
RevPAR in Maui increased 14% and total RevPAR rose 11% in Q2 FY2026, with occupancy growth of more than 8 percentage points. Maui led food and beverage outlet revenue growth with an increase of 14%, while golf revenue exceeded pre-fire levels by 9%. The company expects Maui hotels to contribute about $120 million of EBITDA and approximately 45 basis points of RevPAR growth in FY2026.
Automated analysis for informational purposes only — not investment advice.
The company expects comparable hotel RevPAR and total RevPAR growth of between 4.75% and 5.25% compared with FY2025. The midpoint of adjusted EBITDAre guidance is about $1.83 billion, an increase of $20 million from previous guidance, while the expected hotel EBITDA margin at the midpoint is 29.7%. The guidance includes expected wage rate growth of 5% and total comparable hotel expense growth of about 4.2%, assuming total revenue growth of 5%.
The Hyatt transformational plan was nearly 90% complete in Q2 FY2026, with renovations completed at five of six hotels. The second Marriott transformational plan was about 37% complete and was on schedule and under budget, with completion targeted for 2029. Upon completion, the company expects to have reinvested about $2.1 billion in 34 hotels that are expected to contribute about 60% of hotel EBITDA in FY2026.
Management expects rate growth and margin comparisons to moderate in the second half of FY2026, while expected wage rate growth is 5% and wages represent approximately half of hotel operating expenses. The EBITDA forecast for the Four Seasons Orlando project was also reduced to $16–20 million from $20–25 million due to the timing of closings for the remaining units. Damage from the Kona Low storm adds expected rebuilding expenses of between $25 million and $30 million and about $2 million for remediation, despite expectations that insurance will cover most losses exceeding the deductible.
