Host Hotels & Resorts, Inc. · NASDAQ:HST
Host Hotels & Resorts — Investor Presentation (November 2026)
69 slides from Host Hotels & Resorts's investor presentation, November 2026
Slide 1: Investor Presentation
Investor Presentation NOVEMBER 2026 1 HOTEL BROOKLYN BRIDGE
Slide 2: Forward-Looking Statements
Forward-Looking Statements This investor presentation, and the related discussion, contains forward-looking statements. These include statements about Host Hotels & Resorts’ plans, strategies, financial performance, prospects or future events. Forward-looking statements are not guarantees of future
Slide 3: Table of Contents
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO TABLE OF CONTENTS 4 COMPANY OVERVIEW 12 RECENT HIGHLIGHTS 21 PORTFOLIO UPDATE 25 GROWTH OPPORTUNITIES 34 CORPORATE RESPONSIBILITY 43 RECONCILIATIONS & SUPPLEMENTAL IN
Slide 4: Company Overview
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Company Overview THE RITZ-CARLTON NAPLES, TIBURÓN
Slide 5: Host Hotels & Resorts Fact Sheet
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Host Hotels & Resorts Fact Sheet HST NASDAQ S&P 500 SINCE 2007 $15.6B $19.6B EQUITY MARKET CAP(1) ENTERPRISE VALUE(1) ONLY S&P 500 LODGING REIT 1 REIT IN 1998 st BECA
Slide 6: Leading Bottom-Line Growth
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Leading Bottom-Line Growth Entering the pandemic with a fortress balance sheet allowed Host to opportunistically re-invest in our portfolio and accretively recycle as
Slide 7: Shareholder Value Creation
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Shareholder Value Creation Host leads the full-service lodging REITs in cumulative free cash flow from 2019 through 2025 despite proactively accelerating capex invest
Slide 8: Key Highlights – Q3 2026
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Highlights – Q3 2026 +7.3% $347 25.2% TRevPAR MILLION MARGIN Comparable Hotel Total Adjusted EBITDAre, Comparable Hotel EBITDA margin RevPAR compared to Q3 2025,
Slide 9: 2026 Outlook
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 2026 Outlook OPERATIONAL OUTLOOK Subject to factors that may affect lodging demand Full Year 2026(1) Estimate vs. 2025 Comparable Hotel Total RevPAR $392 +6.0% Compar
Slide 10: Investment Thesis
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Investment Thesis Capital Allocation Track Record Strong Balance Sheet Accretive capital recycling since current management team began ► Only investment grade rating
Slide 11: Balance Sheet
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Balance Sheet Strong credit profile and investment grade balance sheet provides flexibility and optionality. TOTAL AVAILABLE LIQUIDITY INVESTMENT GRADE RATED(2) UNENC
Slide 12: Recent Highlights
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Recent Highlights 1 HOTEL BROOKLYN BRIDGE
Slide 13: 1 Hotel Brooklyn Bridge
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 1 Hotel Brooklyn Bridge ACQUISITION RATIONALE ► $202 million purchase price reflects strong acquisition multiple of 10.2x based on 2026E EBITDA(1) ► Immediately accre
Slide 14: 1 Hotel Brooklyn Bridge
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 1 Hotel Brooklyn Bridge Property Overview Property Features Capex Requirements ► 195 keys including 29 suites ► Multiple food and beverage outlets ► Opened in 2017 an
Slide 15: Renaissance Dallas at Plano Legacy West
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Renaissance Dallas at Plano Legacy West ACQUISITION RATIONALE ► $172 million purchase price reflects strong acquisition multiple of 11.2x based on 2026E EBITDA(1) ► I
Slide 16: Renaissance Dallas at Plano Legacy West
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Renaissance Dallas at Plano Legacy West Property Overview Property Features Capex Requirements ► 308 keys including 16 suites ► Multiple food and beverage outlets ► O
Slide 17: Capital Allocation Highlights
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Capital Allocation Highlights CAPITAL RETURN TO STOCKHOLDERS DIVIDEND SHARE REPURCHASE $3.2B ► Total dividends paid since re-introducing the $1.2B ► Since 2017, 73.2
Slide 18: Comprehensive Renovation Scorecard
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation Scorecard Host leveraged its unique relationship with Marriott to devise the Marriott Transformational Capital Program (“MTCP”), a first-of-i
Slide 19: Hyatt Transformational Capital Program Overview
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Hyatt Transformational Capital Program Overview WHAT Following the success of stabilized comprehensive renovations, Host has reached an agreement with Hyatt on the Hy
Slide 20: Marriott Transformational Capital Program 2 Overview
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Marriott Transformational Capital Program 2 Overview WHAT Following the success of stabilized comprehensive renovations, Host has reached a second agreement with Marr
Slide 21: Portfolio Update
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Portfolio Update GRAND HYATT WASHINGTON
Slide 22: Topline Growth Driven By Rate Growth
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Topline Growth Driven By Rate Growth Year-to-date, RevPAR outpaced Total RevPAR growth as a result of outsized rate growth in the second and third quarters. Year-to-d
Slide 23: Continued Strength in Group Business
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Continued Strength in Group Business Q3 2026 +5% Group room revenue increase over Q3 2025 driven by short-term bookings and corporate groups Highlights +8% Banquet an
Slide 24: Strong Transient Demand
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Strong Transient Demand BUSINESS TRANSIENT +9% Overall Transient Overall transient revenue increased Increase in business transient revenue in Q3 2026 compared to Q3
Slide 25: Growth Opportunities
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Growth Opportunities FOUR SEASONS RESORT ORLANDO AT WALT DISNEY WORLD® RESORT, FLORIAN PARK
Slide 26: Long-Term, Opportunistic Value Creation
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Long-Term, Opportunistic Value Creation Host has a history of creatively extracting value from its existing investments and recycling capital into EBITDA- generating
Slide 27: Long-Term, Opportunistic Value Creation
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Long-Term, Opportunistic Value Creation Host has a history of creatively extracting value from its existing investments and recycling capital into EBITDA- generating
Slide 28: CapEx Investment Summary
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO CapEx Investment Summary We have meaningfully reinvested in our properties from 2021-2025 with the goal of increasing our RevPAR index share and elevating the EBITDA
Slide 29: Repositioning Renovation CapEx Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Repositioning Renovation CapEx Case Study THE SINGER OCEANFRONT RESORT, CURIO COLLECTION BY HILTON A reimagined beachfront lifestyle resort, The Singer is a modern se
Slide 30: Repositioning CapEx Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Repositioning CapEx Case Study THE SINGER OCEANFRONT RESORT GOAL Generate a double-digit cash-on-cash return through a tailored renovation to a lifestyle resort, incl
Slide 31: ROI Development Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO ROI Development Case Study THE PHOENICIAN, A LUXURY COLLECTION RESORT Nestled in the foothills of majestic Camelback Mountain, The Villas at Canyon Suites exemplify u
Slide 32: ROI Development Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO ROI Development Case Study THE PHOENICIAN, A LUXURY COLLECTION RESORT GOAL ► Generate a double-digit cash-on-cash return on vacant land adjacent to the Canyon Suites,
Slide 33: Resiliency Program Case Studies
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Resiliency Program Case Studies RECENT RESILIENCY THE DON CESAR RESILIENCY ENHANCEMENTS INVESTMENT FOCUS Mitigate Severe Reconstruction following Hurricanes Helene an
Slide 34: Corporate Responsibility
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Corporate Responsibility THE RITZ-CARLTON O’AHU, TURTLE BAY
Slide 35: Responsible Investments Create Value
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Responsible Investments Create Value Host’s Corporate Responsibility program is centered around the concept of responsible investment—an overarching strategy that gui
Slide 36: 2050 Vision | Strategy
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 2050 Vision | Strategy Net Positive Vision to Raise the Bar Host’s aspirational vision is to become a net positive company by 2050. This vision is underpinned by five
Slide 37: 2030 Targets
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 2030 Targets Host’s 2030 targets serve as the interim milestone in our roadmap toward our net positive vision. © Host Hotels & Resorts, Inc. 37
Slide 38: Destinations | Environmental Stewardship at Host
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Destinations | Environmental Stewardship at Host We are investing in solutions that conserve and restore natural capital to assist Host in mitigating climate change a
Slide 39: Culture | Impactful Social Responsibility Initiatives
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Culture | Impactful Social Responsibility Initiatives We are committed to advancing health, well-being and opportunity for all Host stakeholders, including investors,
Slide 40: Environmental Stewardship | Green Building
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Environmental Stewardship | Green Building LEED® HIGHLIGHTS* 38% OF PROPERTIES WITH LEED CERTIFICATIONS 9.7M SQUARE FEET OF LEED-CERTIFIED SPACE 29 PROPERTIES WITH LE
Slide 41: Oversight | Attention to Governance
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Oversight | Attention to Governance Our responsible investment strategies are guided by executive and board-level oversight, our EPIC values and ethical standards, an
Slide 42: ESG Leadership & Recognition
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO ESG Leadership & Recognition Large Cap REITs 2026 Leader in the Light® Dow Jones Best-in-Class World Award for Operations and North America Indices 2025 Prime Corpora
Slide 43: Reconciliations & Supplemental Information
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliations & Supplemental Information NEW ORLEANS MARRIOTT
Slide 44: Appendix Table of Contents
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Appendix Table of Contents Key Terms and Statistics A-3 • Defined Terms A-3 • Non-GAAP Financial Measures A-3 • Items that may Affect Forecast Results, Projections, a
Slide 45: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Defined Terms Cap Rate – Capitalization Rate, calculated as Net Operating Income (NOI) divided by sales price. The corresponding metric using
Slide 46: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics NAREIT FFO and NAREIT FFO per Diluted Share We present NAREIT FFO and NAREIT FFO per diluted share as non-GAAP measures of our performance in
Slide 47: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics • Acquisition Costs – Under GAAP, costs associated with completed property acquisitions that are considered business combinations are expense
Slide 48: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics EBITDAre and Adjusted EBITDAre We present EBITDAre in accordance with NAREIT guidelines, as defined in its September 2017 white paper “Earnin
Slide 49: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Limitations on the Use of NAREIT FFO per Diluted Share, Adjusted FFO per Diluted Share, EBITDA, EBITDAre and Adjusted EBITDAre We calculate E
Slide 50: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Comparable Hotel Operating Statistics and Results To facilitate a year-to-year comparison of our operations, we present certain operating sta
Slide 51: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Comparable Hotel Property Level Operating Results We present certain operating results for our hotels, such as hotel revenues, expenses, food
Slide 52: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Free Cash Flow We present free cash flow as a non-GAAP financial measure of our performance, in addition to our net cash provided by (used in
Slide 53: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics Forecasts Our forecast of net income, earnings per diluted share, NAREIT and Adjusted FFO per diluted share, EBITDA, EBITDAre, Adjusted EBITD
Slide 54: Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio (UNAUDITED, IN MILLIONS, EXCEPT RATIOS) The following tables present the calculation of Host’s
Slide 55: Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of GAAP Leverage Ratio to Credit Facility Leverage Ratio (UNAUDITED, IN MILLIONS, EXCEPT RATIOS) 2. The following presents the reconciliation of net in
Slide 56: Reconciliation of Net Income to EBITDA, EBITDAre, and Adjusted EBITDAre
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of Net Income to EBITDA, EBITDAre, and Adjusted EBITDAre The following tables reconcile net income to EBITDA, EBITDAre and The following tables reconci
Slide 57: Reconciliation of Diluted Earnings per Share to NAREIT and Adjusted FFO
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of Diluted Earnings per Common Share to NAREIT and Adjusted Funds From Operations per Diluted Share The following table reconciles diluted earnings per
Slide 58: Schedule of Comparable Hotel Results Using 2026 Comparable Hotel Set
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results Using 2026 Comparable Hotel Set The following table reconciles the third quarter 2026 and 2025 GAAP results to Comparable hotel E
Slide 59: Schedule of Comparable Hotel Results Using 2026 Comparable Hotel Set
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results Using 2026 Comparable Hotel Set Quarter ended September 30, 2026 Quarter ended September 30, 2025 Adjustments Adjustments Non- No
Slide 60: Full-Service Lodging REITs Comparisons
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Full-Service Lodging REITs Comparisons TOTAL SHAREHOLDER RETURNS AND OTHER CORPORATE METRICS Lodging REITs in the other full-service lodging REIT group are based on t
Slide 61: Full-Service Lodging REITs Comparisons
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Full-Service Lodging REITs Comparisons FREE CASH FLOW AS % OF TOTAL REVENUE The following tables reconcile Free Cash Flow, which is calculated as Net cash provided by
Slide 62: Full-Service Lodging REITs Comparisons
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Full-Service Lodging REITs Comparisons FREE CASH FLOW AS % OF TOTAL REVENUE The following table reconciles Free Cash Flow, which is calculated as Net cash provided by
Slide 63: Schedule of Net Income to Comparable Hotel EBITDA for 2025 by Geographic Location
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Net Income to Comparable Hotel EBITDA for 2025 by Geographic Location The following table reconciles net income to Comparable Hotel EBITDA for 2025 by geo
Slide 64: Acquisitions & Dispositions Metrics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Acquisitions & Dispositions Metrics The following tables reconcile net income to Hotel EBITDA for the 2018-2026 acquisitions and dispositions (in millions, except for
Slide 65: Acquisitions & Dispositions Metrics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Acquisitions & Dispositions Metrics The following table presents net income and hotel EBITDA multiples, cap rates and per key amounts for the 2026 acquisitions throug
Slide 66: Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre for 2026 Forecasts
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre and Diluted Earnings per Common Share to NAREIT and Adjusted Funds From Operations per Diluted
Slide 67: Reconciliation of Diluted Earnings per Share to NAREIT and Adjusted FFO, 2026 Forecasts
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre and Diluted Earnings per Common Share to NAREIT and Adjusted Funds From Operations per Diluted
Slide 68: Schedule of Comparable Hotel Results for Full Year 2026 Forecast and 2025
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results for Full Year 2026 Forecast and Full Year 2025(1) The following table reconciles the Full Year 2026 Forecast and year ended Decem
Slide 69: Schedule of Comparable Hotel Results for Full Year 2026 Forecast and 2025
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results for Full Year 2026 Forecast and Full Year 2025 © Host Hotels & Resorts, Inc. A-27 69
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