HST · 10-Q · 2026Q2 · Full report

Senior Note Repurchase Authority

HOST HOTELS & RESORTS, INC. · 2026-08-07 · Importance 64 · Surprise 42

In February 2026, Host’s Board authorized repurchases of up to $1.0 billion of senior notes outside their contractual terms. The entire authorization remained available as of the filing. Repurchases may occur through open-market purchases, privately negotiated transactions, tender offers or early redemptions, depending on market conditions, liquidity needs and contractual restrictions. Early retirement could reduce earnings and NAREIT FFO per diluted share through call premiums and accelerated write-off of deferred financing costs.

Key facts

• In February 2026, Host Inc.’s Board of Directors authorized repurchases of up to $1.0 billion of senior notes other than in accordance with their respective terms, and the entire $1.0 billion remains available under this authority. source
• As of June 30, 2026, our senior notes indenture showed secured indebtedness to total assets of <1% with a covenant maximum ratio of 40%. source
• As of June 30, 2026, our EBITDA-to-interest coverage ratio under the senior notes indentures was 7.3x compared to a minimum covenant ratio of 1.5x. source