Host Hotels & Resorts Sees FY24 Adj. FFO Per Share $192-$1.94; Diluted EPS $0.96-$0.99 Vs $0.95 Est.; Revenue $5.637B Vs $5.62B Est.
Host Hotels & Resorts Sees FY24 Adj. FFO Per Share $192-$1.94; Diluted EPS $0.96-$0.99 Vs $0.95 Est.; Revenue $5.637B Vs $5.62B Est.
The impact from Maui operations is expected to be an approximate decline of 150 basis points in RevPAR and 110 basis points in Total RevPAR. When combined with the expected pre-wildfire Maui contribution, the total impact is estimated to be 220 basis points and 180 basis points, respectively. Net of the benefit of the business interruption gains relating to the wildfires received earlier this year, the year-over-year impact from Maui on net income and Adjusted EBITDAre for full year is expected to be a decline of $25 million, and on margins is expected to be a decline of approximately 20 basis points.2024 OUTLOOK
2024展望
The Company has maintained its previous midpoint full year comparable hotel guidance, which assumes a continued recovery in Maui and steady demand trends in the fourth quarter, despite the impacts of Hurricanes Helene and Milton. Operating profit margin and comparable hotel EBITDA margins in 2024 are expected to decline compared to 2023, impacted by the Maui wildfires and continued growth in wages, real estate taxes and insurance.
公司已維持其先前的全年中點酒店可比業務指導，假設毛伊島持續復甦，第四季度需求趨勢穩定，儘管受到颶風海倫和米爾頓的影響。預計2024年的營業利潤率和酒店可比業務EBITDA利潤率將與2023年相比下降，受毛伊島森林大火以及工資、房地產稅和保險繼續增長的影響。
The Company's full year forecast comparable hotel set now includes the operations of The Ritz-Carlton O'ahu, Turtle Bay and 1 Hotel Central Park properties that were acquired in July 2024, and excludes The Don CeSar, which closed on September 25, 2024, as described above. The estimated impact to net income and Adjusted EBITDAre from the loss of business due to the hurricanes for 2024 is approximately $15 million.
公司全年預測的可比酒店範圍現包括於2024年7月收購的奧瓦胡力茲卡爾頓酒店、海龜灣和1號中央公園酒店的運營，不包括如上所述於2024年9月25日關閉的唐塞薩爾酒店。由於颶風導致的業務損失估計對2024年的淨收入和調整後的EBITDAre的影響約爲1500萬美元。
The impact from Maui operations is expected to be an approximate decline of 150 basis points in RevPAR and 110 basis points in Total RevPAR. When combined with the expected pre-wildfire Maui contribution, the total impact is estimated to be 220 basis points and 180 basis points, respectively. Net of the benefit of the business interruption gains relating to the wildfires received earlier this year, the year-over-year impact from Maui on net income and Adjusted EBITDAre for full year is expected to be a decline of $25 million, and on margins is expected to be a decline of approximately 20 basis points.
預計來自毛伊島業務的影響將導致RevPAR下降約150個點子，Total RevPAR下降約110個點子。考慮到預期的毛伊島火災前貢獻，總體影響預計分別爲220個點子和180個點子。除了今年早些時候收到的涉及火災的業務中斷收益的益處淨值之外，毛伊島對全年淨收入和調整後的EBITDAre的年同比影響預計將下降2500萬美元，對利潤率的影響預計將下降約20個點子。
The Company anticipates its 2024 operating results as compared to 2023 will be approximately as follows:
公司預計其2024年的運營業績將與2023年相比大致如下:
|
Current Full Year 2024 Guidance |
Current Full Year 2024 Guidance Change vs. 2023 |
Previous Full Year 2024 Guidance Midpoint Change vs. 2023 |
Change in Full Year 2024 Guidance |
|
| Comparable hotel Total RevPAR | $353 | 1.2% | 1.2% | 0 bps |
| Comparable hotel RevPAR | $215 | 0.0% | 0.0% | 0 bps |
| Total revenues under GAAP (in millions) | $5,637 | 6.1% | 6.8% | (70) bps |
| Operating profit margin under GAAP | 15.2% | (40) bps | 0 bps | (40) bps |
| Comparable hotel EBITDA margin | 29.0% | (90) bps | (90) bps | 0 bps |
| 當前全年 2024年度指導原則 |
當前全年 2024年度指導原則 2023年變動 |
上一整年 2024年度指導原則 中間點變動 與2023年相比 |
整年變動 2024年度指導原則 |
|
| $344至$351 | $353 | 1.2% | 1.2% | 0個點子 |
| $208至$213 | $215 | 0.0% | 0.0% | 0個點子 |
| 按照GAAP標準的全部營業收入（單位：百萬） | $5,637 | 6.1% | 6.8% | （70）個點子 |
| 依據GAAP的營業利潤率 | 15.2% | (40)個點子 | 0個點子 | (40)個點子 |
| 可比酒店EBITDA利潤率 | 29.0% | （90）個點子 | （90）個點子 | 0個點子 |
Based upon the above parameters, the Company estimates its 2024 guidance will be approximately as follows:
根據上述參數，公司預計其2024年的指引大致如下：
|
Current Full Year 2024 Guidance |
Previous Full Year 2024 Guidance Midpoint |
Change in Full Year 2024 Guidance |
|
| Net income (in millions) | $687 | $712 | $(25) |
| Adjusted EBITDAre (in millions) | $1,630 | $1,645 | $(15) |
| Diluted earnings per common share | $0.96 | $0.99 | $(0.03) |
| NAREIT and Adjusted FFO per diluted share | $1.92 | $1.94 | $(0.02) |
| 本財政年度 2024年度指導原則 |
上一財政年度 2024年度指導原則 中點 |
Change in Full Year 2024年度指導原則 |
|
| 淨利潤 (以百萬計) | $687 | $712 | $(25) |
| 調整後的EBITDAre（以百萬計） | $1,630 | ￥1,645 | $(15) |
| 稀釋每股收益 | 0.96美元 | $0.99 | $（0.03） |
| 每股NAREIt和調整後的FFO | $1.92 | $1.94每股 | $(0.02) |
See the 2024 Forecast Schedules and the Notes to Financial Information for items that may affect forecast results.
查看2024年預測時間表和財務信息註釋，了解可能影響預測結果的事項。
譯文內容由第三人軟體翻譯。
