Shares of Host Hotels & Resorts (HST) soared 5.28% in pre-market trading on Thursday after the company reported better-than-expected first quarter results and raised its full-year guidance. The strong performance reflects the ongoing recovery in the hospitality sector and Host's strategic positioning in the market.
For the first quarter ended March 31, Host Hotels & Resorts reported adjusted funds from operations (FFO) of $0.64 per diluted share, up from $0.61 a year earlier and significantly beating analyst expectations of $0.56. Revenue for the quarter rose to $1.59 billion, up from $1.47 billion in the same period last year and surpassing analyst projections of $1.55 billion.
Buoyed by the strong results, Host Hotels & Resorts raised its full-year 2025 outlook. The company now expects adjusted diluted FFO of $1.88 to $1.97 per share, up from its previous guidance of $1.82 to $1.91. Additionally, revenue is now projected to grow between 5.3% and 7.4%, compared to the prior forecast of 5.5% to 7.4% growth. This positive revision in guidance signals management's confidence in the company's continued strong performance throughout the year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.