Host Hotels & Resorts Inc. Earnings Cheat Sheet: FFO Rises
S&P 500 (NYSE:SPY) component Host Hotels & Resorts Inc. (NYSE:HST) reported its results for the fourth quarter. Host Hotels & Resorts is a self-managed and self-administered hospitality real estate investment trust.
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Host Hotels & Resorts Earnings Cheat Sheet for the Fourth Quarter
Results: The company’s funds from operations (FFO) rose 23.1% from the year earlier quarter to 32 cents. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It come in ahead of the consensus estimate of 30 cents per share. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.
Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved down from 14 cents a share to 13 cents over the last sixty days. The average estimate hasn’t changed from 88 cents per share for the fiscal year.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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