CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
HST reported Q1 2026 revenue of $1.6B (+3.2% Y/Y), $49M above consensus, with FFO per share of $0.67 (+4.7% Y/Y) beating consensus by $0.06. Comparable total RevPAR increased 4.6% Y/Y to $418.20, with hotel EBITDA margins expanding 70 bps to 32.7% and occupancy improving 40 bps to 70.3%, driven by strong performance in Miami (+14.9%), San Francisco/San Jose (+25.6%), and Jacksonville (+16.1%). We believe HST's strategic renovations with Hyatt and Marriott, including $19M in operating guarantees expected in 2026, support long-term asset value enhancement and competitive positioning. Management raised FY 2026 guidance with FFO now expected at $2.10-$2.16 per share and comparable hotel RevPAR growth of 3.5%-5.0%. We expect continued benefit from FIFA World Cup events and special events driving modest improvements to group bookings. HST maintains a robust balance sheet with $3.4B in total liquidity including $1.7B cash, providing flexibility for $175-$210M in transformational capital investments.