Host Hotels & Resorts, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 04:58 pm EST
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Host Hotels & Resorts, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 797 million compared to USD 763 million a year ago. Revenue was USD 1,323 million compared to USD 1,263 million a year ago. Net income was USD 132 million compared to USD 147 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.2 a year ago.
For the full year, sales was USD 3,244 million compared to USD 3,014 million a year ago. Revenue was USD 5,311 million compared to USD 4,907 million a year ago. Net income was USD 740 million compared to USD 633 million a year ago. Basic earnings per share from continuing operations was USD 1.04 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 1.04 compared to USD 0.88 a year ago.
Host Hotels & Resorts, Inc. specializes in owning, operating, and managing hotels. Net sales break down by activity as follows:
- hospitality services (61.1%);
- restaurant services (29.8%);
- other (9.1%): primarily real estate leasing.
As of 23/02/2024, the group had a portfolio composed of 77 hotels (41,972 rooms) located in the United States (72), Brazil (3), and Canada (2).
Net sales are distributed geographically as follows: the United States (98.3%), Canada (1,3%), and Brazil (0.4%).
HOST HOTELS & RESORTS, INC. 
