HST · 10-Q · 2026Q3 · Full report

Net Income and Profitability

HOST HOTELS & RESORTS, INC. · 2026-11-06 · Importance 41 · Surprise 48

Third-quarter net income decreased $92 million, primarily because gains on asset sales declined, while improved hotel operations more than offset the impact of six hotel sales during 2025 and 2026. Year-to-date net income increased $174 million, benefiting from higher asset-sale gains. Year-to-date other gains totaled $235 million from sales of The St. Regis Houston, Four Seasons Resort Orlando at Walt Disney World Resort, Four Seasons Resort and Residences Jackson Hole, and Sheraton Parsippany Hotel. Adjusted EBITDAre increased $28 million for the quarter and $86 million year-to-date; adjusted FFO per diluted share rose 11.4% to $0.39 and 8.3% to $1.69, respectively.

Key facts

• Host’s net income decreased $92 million in the third quarter of 2026 due to a decline in gain on asset sales; improved operations more than offset declines related to the 2025 and 2026 sale of six hotels. source
• Host’s year-to-date 2026 net income increased $174 million, benefiting from increased gains on asset sales. source
• Host’s diluted earnings per share decreased $0.13, or 56.5%, in the third quarter of 2026 and increased $0.25, or 27.5%, year-to-date. source
• Host’s net gains on insurance settlements decreased $5 million in the third quarter and $17 million year-to-date in 2026 compared with the same 2025 periods. source
• Host’s Adjusted EBITDAre increased $28 million in the third quarter and $86 million year-to-date in 2026. source
• Host recorded net income tax provisions of $7 million in the third quarter and $42 million year-to-date in 2026, primarily due to profitability of hotel operations retained by taxable REIT subsidiaries. source
• Host’s Adjusted FFO per diluted share increased $0.04, or 11.4%, in the third quarter and $0.13, or 8.3%, year-to-date in 2026, reflecting Adjusted EBITDAre changes and benefiting from share repurchases in 2025 and 2026. source