Host Hotels & Resorts, Inc. · NASDAQ:HST
Host Hotels & Resorts — Investor Presentation (November 2023)
73 slides from Host Hotels & Resorts's investor presentation, November 2023
Slide 1: Investor Presentation
Investor Presentation NOVEMBER 2023 HYATT REGENCY COCONUT POINT RESORT AND SPA
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 13 RECENT HIGHLIGHTS 17 PORTFOLIO UPDATE 22 GROWTH OPPORTUNITIES 38 CORPORATE RESPONSIBILITY 47 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
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 $11.5B $15.0B EQUITY MARKET CAP(1) ENTERPRISE VALUE(1) ONLY S&P 500 LODGING REIT 1 1998 st LODGING REIT
Slide 6: Key Highlights – Q3 2023
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Highlights – Q3 2023 +1.8% $361 26.6% RevPAR MILLION MARGIN Comparable Hotel RevPAR Adjusted EBITDAre(1), Comparable Hotel compared to Q3 2022 +10% above Q3 2022
Slide 7: Company Dashboard
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Company Dashboard Since 2017, we have significantly improved revenue and profitability metrics for our iconic and irreplaceable portfolio. RevPAR Total RevPAR EBITDA/
Slide 8: 2023 Outlook
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO 2023 Outlook OPERATIONAL OUTLOOK Subject to factors that may affect lodging demand Full Year 2023(1) Low High vs. 2022 Midpoint(1) vs. 2022 Comparable Hotel Total Rev
Slide 9: Investment Thesis
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Investment Thesis Capital Allocation Track Record Significant EBITDA Growth Potential Accretive capital recycling since current management team Path to more than $2 b
Slide 10: Investment Thesis: Strong Balance Sheet, Diverse Portfolio
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Investment Thesis Strong Balance Sheet Diverse Portfolio Size, Scale & Reputation ► Only investment grade rating among lodging Geographic EBITDA diversification: no m
Slide 11: Substantially Completed Strategic Objectives
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Substantially Completed Strategic Objectives REDEFINING THE SEEKING TO GAIN MARKET SHARE THROUGH ALLOCATING CAPITAL TO OPERATING MODEL COMPREHENSIVE RENOVATIONS DEVEL
Slide 12: 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(1) UNENC
Slide 13: Recent Highlights
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Recent Highlights BOSTON MARRIOTT COPLEY PLACE
Slide 14: 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 15: 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 16: Recent Capital Allocation
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Recent Capital Allocation CAPITAL RETURN TO SHAREHOLDERS DIVIDEND SHARE REPURCHASE $697M ► Total dividends paid since re-introducing the $177M ► Since 2022, 11.2 mill
Slide 17: Portfolio Update
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Portfolio Update JW MARRIOTT HOUSTON BY THE GALLERIA
Slide 18: Normalizing Topline Growth
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Normalizing Topline Growth As expected, topline growth is normalizing following easy comparisons in Q1 2023.(1) RevPAR and Total RevPAR vs. 2022 RevPAR TRevPAR 34.0%
Slide 19: Q3 2023 Highlights: Continued Strength in Group Business
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Continued Strength in Group Business Q3 2023 +10% Group room revenue increase over Q3 2022 with rooms sold +2% Highlights Group business continued to show +8% Group A
Slide 20: Stabilizing Transient Demand
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Stabilizing Transient Demand OVERALL TRANSIENT BUSINESS TRANSIENT (330) bps Decrease in transient revenue in Q3 2023 compared to +9% Increase in Business Transient re
Slide 21: Margin Performance
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Margin Performance Driven by our initiatives to redefine the operating model, we expect Comparable Hotel EBITDA margins to remain above 2019 in 2023 but decline compa
Slide 22: Growth Opportunities
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Growth Opportunities THE WESTIN GEORGETOWN, WASHINGTON D.C.
Slide 23: 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 24: CapEx Investment Comparison
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO CapEx Investment Comparison We have been able to meaningfully invest in our properties with minimal disruption in 2020-2022 as a result of entering 2020 with low leve
Slide 25: MTCP CapEx Case Study: San Francisco Marriott Marquis
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO MTCP CapEx Case Study SAN FRANCISCO MARRIOTT MARQUIS Offering modern amenities, exceptional service, and an unparalleled location in San Francisco’s SoMa district, th
Slide 26: MTCP CapEx Case Study: San Francisco Marriott Marquis
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO MTCP CapEx Case Study SAN FRANCISCO MARRIOTT MARQUIS GOAL Underwriting target: 3-5 points of RevPAR index share gain(1) compared to the three-year RevPAR index averag
Slide 27: The Ritz-Carlton, Naples Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation, ROI Development and Enhanced Resiliency Case Study THE RITZ-CARLTON, NAPLES This evolution of an icon delights guests with signature experie
Slide 28: Comprehensive Renovation Case Study: Ritz-Carlton Naples
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation Case Study THE RITZ-CARLTON, NAPLES GOALS Underwriting target: 3-5 points of RevPAR index share gain(1) compared to the three-year RevPAR ind
Slide 29: ROI Development & Resiliency Case Study
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO ROI Development & Resiliency Case Study THE RITZ-CARLTON, NAPLES GOAL ► Vanderbilt Tower development underwriting target: low-to- mid teens cash-on-cash return ► Resi
Slide 30: MTCP CapEx Case Study: New York Marriott Marquis
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO MTCP CapEx Case Study NEW YORK MARRIOTT MARQUIS The newly renovated New York Marriott Marquis is an iconic fixture of Times Square and brilliantly captures the vibran
Slide 31: MTCP CapEx Case Study: New York Marriott Marquis
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO MTCP CapEx Case Study NEW YORK MARRIOTT MARQUIS GOAL MTCP underwriting target: 3-5 points of RevPAR index share gain(1) compared to the three-year RevPAR index averag
Slide 32: Comprehensive Renovation Case Study: The Don CeSar
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation Case Study THE DON CESAR Dramatically perched atop wind-swept dunes with expansive water views in every direction, the fully renovated Don Ce
Slide 33: Comprehensive Renovation Case Study: The Don CeSar
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Comprehensive Renovation Case Study THE DON CESAR GOAL Underwriting target: 3-5 points of RevPAR index share gain(1) compared to the three-year RevPAR index average p
Slide 34: ROI CapEx Case Study: Ritz-Carlton Naples, Tiburón
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO ROI CapEx Case Study RITZ-CARLTON NAPLES, TIBURÓN Nestled amid rolling greens, tropical palm trees, and a shimmering lake stands a stately country club offering luxur
Slide 35: ROI CapEx Case Study: Ritz-Carlton Naples, Tiburón
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO ROI CapEx Case Study RITZ-CARLTON NAPLES, TIBURÓN GOAL Distinguish the resort within the marketplace to diversify demand generators and drive operating performance th
Slide 36: Path Toward $2 Billion – Potential EBITDA Growth
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Path Toward $2 Billion – Potential EBITDA Growth Our goal is to meaningfully grow our EBITDA throughout the current lodging cycle through multiple internal and extern
Slide 37: Path Toward $2 Billion – Potential EBITDA Growth Assumptions
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Path Toward $2 Billion – Potential EBITDA Growth Assumptions Let’s assume the midpoint of our updated 2023 guidance range as a starting point(1)… OPERATIONS ► Occupan
Slide 38: Corporate Responsibility
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Corporate Responsibility MIAMI MARRIOTT BISCAYNE BAY
Slide 39: Value Creation Through Responsible Investment
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Value Creation Through Responsible Investment As the premier lodging REIT and a sustainability industry leader, we are committed to creating long-term value through i
Slide 40: Our 2050 Net Positive Vision
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Our 2050 Net Positive Vision Host’s aspirational vision is to become a net positive company by 2050. Our next generation of interim environmental and social performan
Slide 41: Our Strategic CR Roadmap
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Our Strategic CR Roadmap To reflect the broader reach and influence of our Corporate Responsibility program—as well as further align our corporate and sustainability
Slide 42: Environmental Stewardship
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Environmental Stewardship We are investing in solutions that conserve and restore natural capital to assist Host in mitigating climate change and biodiversity impacts
Slide 43: Social Responsibility
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Social Responsibility We are committed to advancing health, well-being and opportunity for all Host stakeholders, including investors, employees, partners and communi
Slide 44: Governance
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Governance Our responsible investment strategies are guided by executive and board-level oversight, our EPIC values and ethical standards, and a disciplined approach
Slide 45: Commitment to Green Building Certifications
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Commitment to Green Building Certifications LEED CERTIFICATIONS 11 LEED-CERTIFIED PROPERTIES, INCLUDING 3 LEED GOLD HOTELS 22 LEED PROJECTS AT 20 PROPERTIES IN THE PI
Slide 46: Awards & Recognition
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Awards & Recognition ESG LEADERSHIP BARRON’S 2022 Climate Change Leadership Industry Leader (Top 10%) Top 10 Most Sustainable REITs DJSI World & North America Listed
Slide 47: Reconciliations & Supplemental Information
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliations & Supplemental Information FAIRMONT KEA LANI, MAUI
Slide 48: 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-1 • Defined Terms A-1 • Non-GAAP Financial Measures A-1 • Items that may Affect Forecast Results, Projections an
Slide 49: 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 50: 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 51: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics • Gains and Losses on the Extinguishment of Debt – We exclude the effect of finance charges and premiums associated with the extinguishment o
Slide 52: 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 53: 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 54: 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 Effective January 1, 2023, the Company ceased presentation of All Owned Hotel results and r
Slide 55: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics We present certain operating results for our hotels, such as hotel revenues, expenses, food and beverage profit, and EBITDA (and the related
Slide 56: Key Terms And Statistics
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Key Terms And Statistics We present these hotel operating results on a comparable hotel and all owned hotel basis because we believe that doing so provides investors
Slide 57: 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 58: 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 The following tables present the calculation of Host’s leverage ratio using GAAP measures and
Slide 59: 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 (2) The following presents the reconciliation of net income (loss) to EBITDA, EBITDAre, Adjust
Slide 60: 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 table reconciles the third quarter 2023 and 2022 net Income to EBITDA, EBITDAre a
Slide 61: Schedule of Comparable Hotel Results
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results The following table reconciles the third quarter 2023, 2022 and 2019 GAAP results to Comparable hotel EBITDA result(1) (in millio
Slide 62: Schedule of Comparable Hotel Results
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results Quarter ended September 30, 2023 Quarter ended September 30, 2022 Quarter ended September 30, 2019 Adjustments Adjustments Adjust
Slide 63: Reconciliation of Net Income (Loss) to Hotel EBITDA for Renovation and Development Projects
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Reconciliation of Net Income (Loss) to Hotel EBITDA for Renovation and Development Projects The following reconciles Hotel Net Income to Hotel-level EBITDA for the ta
Slide 64: Schedule of All Owned Hotel Results for 2022 and 2017
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of All Owned Hotel Results for 2022 and 2017 (in millions, except hotel statistics) Year ended December 31, 2022 2017 December 31, 2022 Portfolio December 31
Slide 65: Schedule of All Owned Hotel Results for 2022 and 2017
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of All Owned Hotel Results for 2022 and 2017 (in millions, except hotel statistics) The following tables present the calculations of per key amounts for the
Slide 66: Total Shareholder Returns for Full-Service Lodging REITs
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Total Shareholder Returns at September 30, 2022 for Full- Service Lodging REITs Lodging REITs in the other full-service lodging REIT group are based on the next six l
Slide 67: Schedule of Net Income to All Owned Hotel EBITDA for 2022 by Geographic Location
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Net Income to All Owned Hotel EBITDA for 2022 by Geographic Location The following table reconciles net income to All Owned Hotel EBITDA for 2022 by geogr
Slide 68: 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 2018-2023 acquisitions and dispositions (in millions, except for
Slide 69: Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre – 2023 Forecast
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 70: Reconciliation of Net Income to EBITDA, EBITDAre and Adjusted EBITDAre – 2023 Forecast
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 71: Schedule of Comparable Hotel Results for Full Year 2023 Forecast
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results for Full Year 2023 Forecast The following table reconciles the Full Year 2023 Forecast GAAP results to Comparable hotel EBITDA re
Slide 72: Schedule of Comparable Hotel Results for Full Year 2023 Forecast
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results for Full Year 2023 Forecast 2023 Host Hotels & Resorts, Inc. A-24 72
Slide 73: Schedule of Comparable Hotel Results for Full Year 2023 Forecast
COMPANY RECENT PORTFOLIO GROWTH CORPORATE RECONCILIATIONS & OVERVIEW HIGHLIGHTS UPDATE OPPORTUNITIES RESPONSIBILITY SUPPLEMENTAL INFO Schedule of Comparable Hotel Results for Full Year 2023 Forecast The following table reconciles the year ended December 31, 2019 GAAP results to Comparable Hotel resu
Host Hotels & Resorts — Investor Presentation (November 2023) on 6ix