Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Leading Bottom-Line Growth
Entering the pandemic with a fortress balance sheet allowed Host to opportunistically re-invest in the
portfolio and accretively recycle assets. As a result, full year 2023 Adjusted EBITDAre and FFO/share
grew meaningfully above 2019 levels while other full-service lodging REITs lagged.
2023 vs 2019 ADJUSTED EBITDARE GROWTH (1)
6%
2023 vs 2019 NAREIT FFO PER SHARE GROWTH (1)
13%
-15%
Host
Other Full-Service Lodging
REIT Avg.
Q1 2024 TTM vs FY 2019 TOTAL DIVIDENDS
PER SHARE GROWTH (2)
15%
Host
-57%
Other Full-Service Lodging
REIT Avg.
-31%
Host
Other Full-Service Lodging
REIT Avg.
TOTAL SHAREHOLDER RETURN
12/31/18 3/31/2024(2,3)
45%
Host
-10%
Other Full-Service Lodging
REIT Avg.
Adjusted EBITDAre and FFO/share are non-GAAP financial measures. Host's 2023 net income growth and diluted earnings per share growth compared to 2019 are (19) % and (17) %, respectively. See Reconciliations & Supplemental
Information for reconciliation of comparable GAAP measures. Other Full-Service Lodging REITs (listed on slide 5) calculate Adjusted EBITDAre differently and this presentation does not account for those differences.
Source: Factset.
1)
2)
3)
See footnote 2 on slide 5.
2024 Host Hotels & Resorts, Inc.
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