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Host Hotels & Resorts | 10-Q: Q2 2024 Earnings Report

Host Hotels & Resorts | 10-Q: Q2 2024 Earnings Report

美國豪斯特酒店 | 10-Q:2024財年二季報
美股SEC公告 ·  08/02 15:09

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Host Hotels & Resorts, Inc. (Host Inc.) reported a solid financial performance for the quarter ended June 30, 2024. The company's net income rose to $242 million, a 13.1% increase from the $214 million reported in the same quarter of the previous year. Operating profit also saw a significant rise of 17.3%, reaching $292 million. The operating profit margin under GAAP improved by 200 basis points to 19.9%. Diluted earnings per common share increased by 17.2% to $0.34. The company's EBITDAre, a key metric for real estate investment trusts, grew by 12.6% to $502 million, while Adjusted EBITDAre increased by 6.7% to $476 million. In terms of business development, Host Inc. made notable acquisitions, including the 215-room 1 Hotel Nashville and 506-room Embassy Suites by Hilton Nashville Downtown for $530 million. Post-quarter, the company also...Show More
Host Hotels & Resorts, Inc. (Host Inc.) reported a solid financial performance for the quarter ended June 30, 2024. The company's net income rose to $242 million, a 13.1% increase from the $214 million reported in the same quarter of the previous year. Operating profit also saw a significant rise of 17.3%, reaching $292 million. The operating profit margin under GAAP improved by 200 basis points to 19.9%. Diluted earnings per common share increased by 17.2% to $0.34. The company's EBITDAre, a key metric for real estate investment trusts, grew by 12.6% to $502 million, while Adjusted EBITDAre increased by 6.7% to $476 million. In terms of business development, Host Inc. made notable acquisitions, including the 215-room 1 Hotel Nashville and 506-room Embassy Suites by Hilton Nashville Downtown for $530 million. Post-quarter, the company also acquired the 234-room 1 Hotel Central Park for $265 million and the 450-room Turtle Bay Resort for $680 million, net of key money from Marriott International. The latter property has been rebranded as The Ritz-Carlton O'ahu, Turtle Bay. Looking ahead, Host Inc. plans to continue its strategic initiatives with a focus on acquisitions and capital projects. The company repaid $400 million of 3⅞% Series G senior notes and issued $600 million of 5.700% Series K senior notes. The company also maintains a robust liquidity position with $805 million in cash and cash equivalents and $1.5 billion available under its credit facility. For the future, Host Inc. remains cautious due to potential economic headwinds but is prepared to leverage its strong balance sheet and strategic investments to navigate the market and pursue growth opportunities.
Host Hotels&Resorts(Host Inc.)公佈了2024年6月30日季度的表現,淨利潤增長了13.1%,從上一年同一季度的21400萬美元增加到24200萬美元。營業利潤也顯著增長了17.3%,達到29200萬美元。根據GAAP,營業利潤率提高了200個點子,達到19.9%。每股攤薄收益增長了17.2%,達到0.34美元。公司房地產投資信託的關鍵指標EBITDAre增長了12.6%,達到50200萬美元,而調整後的EBITDAre增長了6.7%,達到47600萬美元。 在業務發展方面,Host Inc.進行了引人注目的收購,包括215間客房的1 Hotel Nashvill...展開全部
Host Hotels&Resorts(Host Inc.)公佈了2024年6月30日季度的表現,淨利潤增長了13.1%,從上一年同一季度的21400萬美元增加到24200萬美元。營業利潤也顯著增長了17.3%,達到29200萬美元。根據GAAP,營業利潤率提高了200個點子,達到19.9%。每股攤薄收益增長了17.2%,達到0.34美元。公司房地產投資信託的關鍵指標EBITDAre增長了12.6%,達到50200萬美元,而調整後的EBITDAre增長了6.7%,達到47600萬美元。 在業務發展方面,Host Inc.進行了引人注目的收購,包括215間客房的1 Hotel Nashville和506間客房的Embassy Suites by Hilton Nashville Downtown,價格爲53000萬美元。季度後,該公司還以2.65億美元和6.8億美元的市值(淨萬豪國際重金)收購了234間客房的1 Hotel Central Park和450間客房的Turtle Bay Resort。後者已被重新命名爲Turtle Bay的The Ritz-Carlton O'ahu。 展望未來,Host Inc.計劃繼續其戰略倡議,重點放在收購和資本項目上。該公司還償還了3 7/8% G級高級票據的40000萬美元,併發行了5.700% K級高級票據的60000萬美元。該公司還保持着強大的流動性,現金及現金等價物80500萬美元,並在其信貸設施下可用1.5億美元。 對於未來,Host Inc.由於潛在的經濟風險仍持謹慎態度,但準備利用其強大的資產負債表和戰略投資來導航市場和追求增長機會。
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