Host Hotels & Resorts Q1 2024 AFFO $0.60 Beats $0.55 Estimate, Sales $1.471B Beat $1.426B Estimate
Portfolio Pulse from Benzinga Newsdesk
Host Hotels & Resorts (HST) reported Q1 2024 AFFO of $0.60 per share, surpassing the $0.55 estimate, with sales of $1.471B exceeding the $1.426B forecast. This represents a 6.52% increase in sales compared to the same period last year.
May 01, 2024 | 8:33 pm
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POSITIVE IMPACT
Host Hotels & Resorts reported a strong Q1 2024 with AFFO and sales beating estimates, indicating robust performance and potential growth.
Beating both AFFO and sales estimates suggests that Host Hotels & Resorts is performing better than expected, which could lead to increased investor confidence and potentially drive the stock price up in the short term. The significant year-over-year sales growth further underscores the company's strong performance and positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100