Earnings Report: Host Hotels & Resorts Beats By A Penny A Sees Improving Gross Margins (HST)

Host Hotels & Resorts (NYSE:HST) reported Q2 FFO of $0.23, topping consensus estimates by a penny.

Revenues in the quarter rose 6% to $1.11 billion, and came in ahead of consensus estimates of $1.07 billion.

RevPAR rose 8.1% for the quarter.

Regarding the company's outlook, Host said the following; "The Company believes that recent improvements in the economy will continue to positively affect the lodging industry and hotel operating results for the remainder of 2010. The Company now anticipates that for 2010: RevPAR will increase 4% to 5.5%; Operating profit margins under GAAP would increase approximately 205 basis points to 270 basis points; and Comparable hotel adjusted operating profit margins would range from a decrease of approximately 50 basis points to flat."

SmarTrend currently has Host Hotels & Resorts in an Uptrend. Since 2008, SmarTrend subscribers trading Host Hotels & Resorts using our alerts outperformed the stock by 141%. We are monitoring these developments and will alert subscribers to any change in trend.

Host Hotels & Resorts Inc. is a real estate trust. The trust which owns or holds controlling interests in upscale and luxury full-service hotel lodging properties in areas that include Washington, D.C., Toronto and Calgary, Canada, Mexico City, Mexico and Santiago, Chile, as well as Italy, Spain, Poland, Belgium, The Netherlands and the United Kingdom.

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