HST · 10-Q · 2026Q3 · Full report
Capital Return Program
HOST HOTELS & RESORTS, INC. · 2026-11-06 · Importance 46 · Surprise 42 · In source text
Host Inc. paid a $0.72-per-share special dividend on July 15, 2026, following the February sale of two Four Seasons properties and distribution of approximately $500 million of taxable gain. It also paid a regular quarterly dividend of $0.20 per common share on October 15, 2026. Host repurchased 4.0 million common shares for $75 million from January through March 2026, and no shares were repurchased in the third quarter. At September 30, $405 million remained available under the common-stock repurchase program; the company also had $600 million of remaining capacity under its at-the-market share offering agreement, with no shares issued in the third quarter.
Key facts
- In May 2026, Host amended and extended its distribution agreement allowing offers and sales of up to $600 million of common stock; the agreement expires when that aggregate offering price is reached or earlier upon termination. source
- Host Inc.'s Board approved a $0.72 special dividend in Q2 2026, paid July 15, 2026, to distribute approximately $500 million of taxable gain from the February 2026 sale of two Four Seasons properties for $1.1 billion. source
- No shares were repurchased under Host's common stock repurchase program during Q3 2026; $405 million remained available at September 30, 2026. source
- No shares were issued under Host's distribution agreement during Q3 2026; $600 million of capacity remained at September 30, 2026. source
- Host repurchased $75 million of Host Inc. common stock in Q1 2026 using most of the remaining proceeds from the Four Seasons sales. source
- Host paid $1,144 million in dividends from January through November 2026 and repurchased 4.0 million shares for $75 million from January through March 2026. source
- On September 15, 2026, Host Inc.'s Board announced a regular quarterly cash dividend of $0.20 per common share, paid October 15, 2026 to stockholders of record September 30, 2026; future dividends require Board approval. source
- Host Inc. is required to distribute at least 90% of annual taxable income, excluding net capital gains, to maintain REIT qualification. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -9.0% | Host paid $1,144 million in dividends from January through November 2026 and repurchased 4.0 million shares for $75 million from January… |
| cash | negative | realized | -0.6% | Host paid $1,144 million in dividends from January through November 2026 and repurchased 4.0 million shares for $75 million from January… |