# Host Hotels & Resorts, Inc. (HST) — Stock CV

Host Hotels & Resorts, Inc. is a $15.5B real estate company. Revenue grew 4.9% over the last year, it keeps 17¢ of every dollar of sales as profit, and its net debt equals ~3.7 years of free cash flow. It trades at 15.1× earnings — in the cheapest third of its own history.

> Host Hotels & Resorts owns 75 predominantly urban and resort upper upscale and luxury hotel properties representing more than 41,000 rooms, mainly in the United States.

## Identity

- **Ticker**: HST
- **Sector**: Real Estate
- **Industry**: Real Estate Investment Trusts
- **Headquarters**: BETHESDA, MD
- **Employees**: 162
- **Website**: https://www.hosthotels.com
- **Market cap**: $15.5B
- **Last price**: $22.60
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $6.22B
- **Net income**: $1.03B
- **Free cash flow**: $1.33B
- **Net debt**: $4.87B
- **P/E**: 15.1
- **Revenue growth (YoY)**: 4.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 90 |
| Growth | 25 |
| Profitability | 65 |
| Health | 44 |
| Quality | 78 |
| Moat | 18 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +4.9% YoY
- [x] Profitable — $1.03B TTM
- [x] Profit growing — +7.7% YoY
- [x] Generates cash — $1.33B TTM
- [x] Debt under control — ~3.7y of cash flow to repay
- [x] Established company — $15.5B market cap
- [x] Not printing shares — -1.2% shares over ~5y
- [x] Proven track record — 8/10 profitable years
- [ ] Financially stable — Altman Z 0.3 — distress
- [x] Pays a dividend — yield 4.20%
- [x] Valuation not extreme — P/E 15.1

## Experience (career milestones)

- **2024** — Host Hotels & Resorts acquired the 1 Hotel Nashville and the Embassy Suites by Hilton Nashville Downtown
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **FY2018** — Best year on record: $1.09B net income
- **FY2016** — First recorded profitable year: $762M net income
- **FY2016** — Revenue already above $1B: $5.43B in first reported year
- **1998** — The company divested its non-hotel business and reorganized as a real estate investment trust
- **1993** — Marriott split its business into Marriott International, Inc
- **1982** — Marriott acquired the Host International Company
- **1968** — After several name and business changes, it became the Host International Company in 1968
- **1967** — The company was renamed as Marriott Corporation
- **1957** — It became a public company and in 1957, Hot Shoppes, Inc. expanded into the lodging business with the opening of its…

## Strengths

- High gross margin (97.0%)
- Strong cash conversion — FCF is 21.4% of revenue
- Interest covered 5.4× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Altman Z-Score 0.33 — elevated financial-distress risk
- Loss-making in 2 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.92B | -$11.0M | $292M |
| FY2022 | $4.91B | $633M | $1.42B |
| FY2023 | $5.32B | $740M | $1.44B |
| FY2024 | $5.68B | $697M | $1.24B |
| FY2025 | $6.11B | $765M | $1.23B |

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Source: https://stockcv.com/HST — derived from company filings; may be delayed or incomplete. Information, not investment advice.