Host Hotels & Resorts (HST) Reports Q2 FFO of $0.12

Host Hotels & Resorts (NASDAQ: HST) reported Q2 FFO of $0.12, versus ($0.26) reported last year. Revenue for the quarter came in at $649 million versus the consensus estimate of $606.58 million.

2021 OUTLOOK

Given the global economic uncertainty COVID-19 has created for the travel, airline, lodging and tourism and event industries, among others, the Company cannot provide guidance for its operations or fully estimate the effect of COVID-19 or its variants and the current U.S. vaccination deployment on its operations.

The Company believes that recovery within the lodging industry will be driven by the strength of the economy, increased consumer confidence that the risks associated with travelling and contracting COVID-19 have been significantly reduced through vaccine deployment and the return of business and group customers.

While the Company is not providing guidance on operations at this time, it estimates that for full year 2021, interest expense and corporate and other expenses will be in the following ranges (in millions):

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