Host Hotels HST Q4 2025 Earnings Call Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 19, 2026
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Host Hotels & Resorts (HST) delivered strong financial results for Q4 2025, outperforming expectations across key metrics. The company reported an adjusted EBITDA of $1.757 billion, a 4.6% year-over-year increase, while adjusted FFO per share rose to $2.07, reflecting a 3.5% growth. Comparable hotel RevPAR increased by 3.8% for the year and 4.6% in Q4, driven by transient demand and rate growth. Notably, the company surpassed its guidance and industry benchmarks, with RevPAR outpacing upper-tier competitors by 200 basis points annually.
Host also highlighted significant achievements in its capital deployment strategy, including the sale of two high-performing assets: the Four Seasons Resort Orlando and Four Seasons Resort and Residences Jackson Hole. These dispositions fetched $1.1 billion at a 14.9x EBITDA multiple, resulting in a $500 million taxable gain. The company repurchased 13.1 million shares in 2025, totaling $205 million, as part of a broader $1.2 billion share回购 program since 2017. This strategic capital return to shareholders underscores Host's commitment to maximizing value.
Looking ahead, Host provided 2026 guidance, forecasting comparable hotel total RevPAR growth between 2.5% and 4%, with an adjusted EBITDA midpoint of $1.77 billion. The company also expects a $19 million operating profit guarantee from hotel brand partners to offset EBITDA disruption from capital programs. Additionally, Host's balance sheet remains strong, with a leverage ratio of 2.6x, $2.4 billion in liquidity, and no debt maturities in 2026. These figures highlight the company's financial stability and flexibility for future opportunities.
Host's operational strength was further evidenced by its Maui market, which contributed $111 million in EBITDA in 2025, exceeding
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Originally published on The Motley Fool on 2/19/2026