Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
2024 Outlook
OPERATIONAL OUTLOOK
Subject to factors that may affect lodging demand
Full Year 2024(1)
Low
High
vs. 2023
Midpoint(1)
vs. 2023
Comparable Hotel Total RevPAR
$352
$359
+2.7% to +4.6%
$355
+3.7%
Comparable Hotel RevPAR
$214
$218
+2.0% to +4.0%
$216
+3.0%
Comparable Hotel EBITDA Margin
29.3%
29.8%
(80) to (30) bps
29.6%
(50) bps
Comparable Hotel EBITDA (millions)
$1,568
$1,625
0.4% to +4.1%
$1,596
+2.2%
Adjusted EBITDAre (in millions)
$1,640
$1,700
$1,670
NAREIT FFO per diluted share
$1.97
$2.05
$2.01
Adjusted FFO per diluted share
$1.97
$2.05
$2.01
1)
RevPAR ASSUMPTIONS vs. 2023
Growth Distribution Estimates
►1H24: flat to low-single digits
► 2H24: mid-single digits
ANNUAL ASSUMPTIONS
Corporate & Other Expenses
$118 million
Interest Expense
$181 $183 million
-
Capital Expenditures
$500 $605 million
(see slide 26 for more detail)
Full year forecast net income is $719 million to $775 million, operating profit margin is 15.4% to 16.1%, operating profit margin change vs. 2023 is (20) to 50 basis points, and diluted earnings per share is $1.00 to $1.08. The midpoint
of full year forecast net income is $747 million, operating profit margin is 15.7%, operating profit margin change vs. 2023 is 10 basis points, and diluted earnings per share is $1.04. See Reconciliations & Supplemental Information for
reconciliations and items that may affect forecast results, projections, and other estimates. See slide 2 (Forward Looking Statements) for factors that may affect lodging demand.
2024 Host Hotels & Resorts, Inc.
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