Host Hotels Beats on FFO & Revs; Ups View
Host Hotels & Resorts, Inc. ( HST ) – the lodging real estate investment trust (REIT) – disclosed first-quarter 2014 adjusted funds from operations (FFO) per share of 33 cents, exceeding the Zacks Consensus Estimate by 3 cents and the year-ago figure by a nickel. Quarterly year-over-year increase of 17.9% in adjusted FFO benefited from the notable rise in Revenue Per Available Room (RevPAR) and food and beverage operations, in the comparable hotels […]