HST · 10-Q · 2026Q2 · Full report
Capital Return Program
HOST HOTELS & RESORTS, INC. · 2026-08-07 · Importance 64 · Surprise 42 · In source text
Following the February 2026 hotel sale, Host paid a $0.72-per-share special dividend on July 15, 2026, distributing approximately $500 million of taxable gain. The second-quarter regular and special dividends reduced cash by $630 million, and total January-to-July dividend payments were $1,007 million. Host repurchased $75 million of common stock through the second quarter and had $405 million remaining under its repurchase authorization at June 30, 2026. Management may use remaining sale proceeds for acquisitions, portfolio investments, additional repurchases or increased dividends, with any additional special dividend requiring Board approval.
Key facts
- Following the February 2026 sale of the Four Seasons Resort Orlando at Walt Disney World Resort and the Four Seasons Resort and Residences Jackson Hole for a sale price of $1.1 billion, Host Inc.'s Board of Directors approved a $0.72 special dividend in the second quarter that was paid on July 15, 2026. source
- Equity transactions through August 5, 2026 included dividend payments of $(1,007) million and repurchase of 4.0 million shares of Host Inc. common stock for $(75) million, totaling cash payments on equity transactions of $(1,082) million. source
- On May 6, 2026, Host Inc.'s Board of Directors announced a second quarter cash dividend of $0.92 per share on Host Inc.'s common stock, consisting of a regular quarterly dividend of $0.20 per share and a special dividend of $0.72 per share, paid on July 15, 2026 to stockholders of record on June 30, 2026. source
- The payment of the second quarter regular and special dividend on July 15 reduced the cash balance by $630 million. source
- The $0.72 special dividend represented the distribution of the approximately $500 million taxable gain resulting from the Four Seasons sales. source
- At June 30, 2026, we had $405 million available for repurchases under our common stock repurchase program. source
- In connection with the dividend payments, Host L.P. made distributions of $1,021 million to its common OP unit holders. source
- With a portion of the remaining proceeds, we repurchased $75 million of Host Inc. common stock through the second quarter of 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -8.2% | Equity transactions through August 5, 2026 included dividend payments of $(1,007) million and repurchase of 4.0 million shares of Host… |
| cash | negative | realized | -7.7% | In connection with the dividend payments, Host L.P. made distributions of $1,021 million to its common OP unit holders. |
| cash | negative | realized | -3.8% | The $0.72 special dividend represented the distribution of the approximately $500 million taxable gain resulting from the Four Seasons… |