Host Hotels & Resorts (HST) reported net income of $71 million in 3Q26, down 56.4% from $163 million in 3Q25. According to the company, the decline reflects lower gains from asset sales, partially offset by a 140 basis point improvement in GAAP operating profit margin, to 9.0%. Diluted earnings per share (EPS) was $0.10, compared with $0.23 a year earlier.
Revenue totaled $1.347 billion, up 1.2% from 3Q25. Comparable RevPAR (room revenue per available room) grew 8.8% to $219.50, and comparable total RevPAR rose 7.3% to $348.19. Adjusted EBITDAre (non-GAAP, excludes items the company considers non-recurring) was $347 million, up 8.8%. Adjusted FFO per share (non-GAAP, a cash flow measure used by REITs) came in at $0.39, compared with $0.35.
After the end of the quarter, Host purchased the 195-room 1 Hotel Brooklyn Bridge for $202 million and the 308-room Renaissance Dallas at Plano Legacy West Hotel for $172 million. The company also renegotiated its $2.5 billion credit facility, extending maturities to 2031 and 2032 and reducing costs. The average debt maturity increased from 4.4 to 5.2 years, with an average interest rate of 4.8%.
For 2026, the company raised its comparable RevPAR growth guidance to about 6.75% and its comparable total RevPAR growth guidance to about 6.0%. It also projects net income of $978 million, compared with $953 million in the previous guidance, and adjusted EBITDAre of $1.865 billion, compared with $1.830 billion. The 3Q26 dividend was $0.20 per share, paid on October 15, 2026, to shareholders of record as of September 30, 2026.
