HST reported Q3 FFO of 35 cents, beating estimates of 33 cents. Sales reached $1.331 billion, exceeding expectations of $1.313 billion. FY2025 FFO guidance raised from $1.98-$2.02 to $2.03. Comparable hotel RevPAR growth is projected at 3.0% for 2024. Analysts upgraded HST's rating and raised price targets following earnings.
HST's Q2 2024 earnings release is on Jul 31. Revenue expected to grow by 5.4% year-over-year to $1.47 billion. RevPAR estimated at $227.8, up 1.2% from last year. Analysts modified FFO per share estimate upward to 56 cents. Occupancy rate estimate of 72.95% indicates a decrease from last year.