Host Hotels Q2 FY26: RevPAR up 7.0%, guidance raised, EPS just below consensus
Host Hotels delivered a strong operating quarter: comparable hotel RevPAR rose 7.0%, comparable hotel EBITDA margin improved to 31.9%, and management raised full-year RevPAR guidance. The catch is that reported revenue grew only 3.4% and EPS of $0.35 landed just below the $0.3636 consensus, because sold hotels keep shrinking the revenue base. Read this as an operations story, not a headline-revenue story.
1 · Expected vs. Actual
Free preview belowDiluted EPS came in at $0.35, up 9.4% from $0.32 but below the $0.3636 consensus estimate. Net income attributable to Host Inc. was $237 million versus $221 million. Year-to-date EPS of $1.06 against $0.67 in 2025 shows how much profit has come from asset sales, with other gains of $241 million in the first half versus $26 million a year ago.
Second-quarter revenue was $1.64 billion, up 3.4% from $1.586 billion a year earlier, while comparable hotel revenue rose 5.9%. The gap matters: comparable figures strip out hotels Host has sold, and GAAP rooms revenue was almost flat at $954 million versus $949 million. Revenue also got a new $53 million line for condominium sales that did not exist a year ago.
Management raised full-year comparable hotel RevPAR and Total RevPAR growth guidance to 4.75%–5.25%, a 125 basis point and 75 basis point increase at the midpoint. Profit guidance followed: net income of $944 million–$962 million (from $908 million–$955 million) and diluted EPS of $1.35–$1.38 (from $1.30–$1.37). Total GAAP revenue guidance of $6.124 billion–$6.153 billion is essentially unchanged, so the operating raise is being offset by dispositions.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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