Company file · HST
Host Hotels & Resorts
Host Hotels & Resorts' revenue rose 7.6% in FY2025, to $6.1B, and net income rose 9.8% to $765M
Revenue rose 7.6% to $6.1B in FY2025, from $5.7B in FY2024. Net income rose 9.8% to $765M. Hotel was the largest product or service, at 98% of revenue.
Key facts
Host Hotels & Resorts (Nasdaq: HST) closed fiscal 2025 on Dec 31, 2025 with revenue of $6.1B, up 7.6% from a year before; net income came to $765M, up 9.8%. Its newest quarterly report covers the three months to Sep 30, 2026: revenue of $1.3B, up 1.2% on the same stretch of the prior year, and net income of $70M. Broken down by product or service, Hotel led with 98% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 25, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Nov 6, 2026).
Source: 10-K FY2025, filed Feb 25, 2026
Source: 10-Q filed May 8, 2026 · 10-Q filed Aug 7, 2026 · 10-Q filed Nov 6, 2026
How it makes money
By product or service, FY2025
Source: 10-K FY2025, XBRL breakdown
By product or service in FY2025: Hotel (98%) and Home Building (2%), as shares of total revenue. Total revenue was $6.1B.
Source: 10-K FY2025
By region, FY2025
Share is of the FY2025 total; the last column is the change from FY2024.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q3 2026Q3 2025
Company
Source: Host Hotels & Resorts 10-Q for the quarter ended Sep 30, 2026, filed Nov 6, 2026
By product or service
Source: Host Hotels & Resorts 10-Q for the quarter ended Sep 30, 2026, filed Nov 6, 2026
The bull case and the bear case
The bull case
- Revenue rose 7.6% in FY2025 to $6.1B, from $5.7B a year earlier. 10-K, FY2025
- Net income rose 9.8% in FY2025 to $765M, from $697M. 10-K, FY2025
- Operating cash flow rose 0.8% in FY2025 to $1.5B. 10-K, FY2025
- Diluted shares fell 1.4% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025
The bear case
- Net income in the quarter ended Sep 30, 2026 was $70M, down 56.5% on a year earlier. 10-Q, quarter ended Sep 30, 2026
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include interest rates; occupancy and rents; property markets. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Host Hotels & Resorts is in the hotel & resort REITs industry, part of the real estate sector. The SEC files it under Real Estate Investment Trusts.
The full description of Host Hotels & Resorts' business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service and region.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the hotel & resort REITs industry. They are not a summary of Host Hotels & Resorts’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Interest ratesHigher rates raise borrowing costs and can lower property values.
- Occupancy and rentsVacancies, tenant defaults and weaker rents reduce income.
- Property marketsLocal supply, demand and values vary by market and property type.
- Capital and developmentAcquisitions and developments need financing and may not earn what was planned.
- Regulation and taxesProperty, zoning and tax rules, including the rules for REIT status, affect results.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $5.3B | $5.7B | $6.1B |
| Net income | $740M | $697M | $765M |
| Operating cash flow | $1.4B | $1.5B | $1.5B |
| Cash & equivalents (year end) | $1.1B | $554M | $768M |
| Diluted shares | 713M | 704M | 694M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- The cash flow statement
- Risk factors (Item 1A)
- Debt-to-equity ratio
- Merger and acquisition filings
- Return on equity (ROE)
- Constant currency
- Earnings guidance
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
What we left out
- Total debt: the debt lines in the company's filing data don't add up to the total it tags itself, so it isn't shown.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Nov 6, 2026 | Sep 30, 2026 |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 |
| 10-Q | May 8, 2026 | Mar 31, 2026 |
| DEF 14A | Apr 8, 2026 | May 20, 2026 |
| 10-K | Feb 25, 2026 | Dec 31, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Host Hotels & Resorts
How does Host Hotels & Resorts make money?
Fiscal 2025 revenue: $6.1B. By product or service in FY2025: Hotel (98%) and Home Building (2%), as shares of total revenue. Total revenue was $6.1B. Source: 10-K for fiscal 2025, filed Feb 25, 2026.
What was Host Hotels & Resorts's revenue in fiscal 2025?
$6.1B, up 7.6% from fiscal 2024 ($5.7B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $5.3B. Source: 10-K for fiscal 2025, filed Feb 25, 2026.
Is Host Hotels & Resorts profitable?
Net income was $765M in fiscal 2025 (up 9.8%; fiscal 2024 was $697M). That counts as a GAAP profit. The latest quarter, ended Sep 30, 2026: net income was $70M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 25, 2026.
What did Host Hotels & Resorts report in its latest quarterly filing?
For the three months to Sep 30, 2026: revenue $1.3B (up 1.2% from $1.3B) and net income $70M (down 56.5% from $161M). Source: 10-Q for the quarter ended Sep 30, 2026, filed Nov 6, 2026.
What are the main risks Host Hotels & Resorts faces?
Host Hotels & Resorts's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 25, 2026. Risks that are common among companies in the hotel & resort REITs industry include Interest rates; occupancy and rents; property markets; capital and development; regulation and taxes. The first: Higher rates raise borrowing costs and can lower property values. Source: 10-K, Item 1A Risk Factors.
Where do these Host Hotels & Resorts numbers come from?
The 10-K filed Feb 25, 2026 (fiscal 2025) and the 10-Q filed Nov 6, 2026 (quarter ended Sep 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Host Hotels & Resorts
- Citadel Advisors: 1,901,818 shares, reported value $45.1M at Jun 30, 2026 (+73.3% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Millennium Management: 1,519,065 shares, reported value $36.0M at Jun 30, 2026 (+125.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Two Sigma Investments: 566,549 shares, reported value $13.4M at Jun 30, 2026 (+46.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Renaissance Technologies: 247,313 shares, reported value $5.9M at Jun 30, 2026 (−72.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
- Point72 Asset Management: 27,028 shares, reported value $0.6M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in HST
- The editor holds no position in Host Hotels & Resorts (HST). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell HST from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold HST, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| Host Hotels & ResortsHST | FY2025 | $6.1B | +7.6% | $765M |
| Vici PropertiesVICI | FY2025 | $4.0B | +4.1% | $2.8B |
| WelltowerWELL | FY2025 | $10.8B | +35.6% | $962M |
| PrologisPLD | FY2025 | $8.8B | +7.2% | $3.3B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
More company files
- AMT American Tower
- EQIX Equinix
- SPG Simon Property Group
- DLR Digital Realty
- PSA Public Storage
- O Realty Income
- VTR Ventas
- CBRE CBRE Group
- IRM Iron Mountain
- EXR Extra Space Storage
- CCI Crown Castle
- SBAC SBA Communications
- ESS Essex Property Trust
- ARE Alexandria Real Estate Equities
- FRT Federal Realty Investment Trust
- CPT Camden Property Trust
- MAA Mid-America Apartment Communities
- WY Weyerhaeuser
- KIM Kimco Realty
- INVH Invitation Homes
- UDR
- CSGP CoStar Group
- DOC Healthpeak Properties
- REG Regency Centers
- BXP
- AAPL Apple
- MSFT Microsoft
- NVDA Nvidia
- AMZN Amazon
- GOOGL Alphabet
New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.