Host hotels & resorts q1 all owned hotel revenues (pro forma) $1.05 bln vs $1.314 bln

Host hotels & resorts, inc. reports results for first quarter 2020 and provides update on covid-19 response.qtrly nareit ffo and adjusted ffo per diluted share $0.23.suspended repurchases and anticipates suspension will remain in effect for remainder of 2020.q1 all owned hotel revenues (pro forma) $1.05 billion versus $1.314 billion.early in quarter, company repurchased 8.9 million shares at an average price of $16.49 per share for a total of $147 million.for 2020, reduced its projected capital expenditures spending, which is now expected to range from $450 million to $525 million.host hotels & resorts - due to low occupancy levels and/or state mandates, operations suspended at 35 hotels in co's portfolio as of may 6, 2020.host hotels & resorts-started 2020 with revpar growth in january, february in low single-digits, did not experience sharp revpar declines until march.host hotels & resorts - sees possibility of further hotel closures and erosion in operations.anticipates temporarily suspending or paying a nominal dividend until further notice.host hotels & resorts-does not expect material improvement in operations until government restrictions are lifted, travelers are comfortable with traveling.host hotels & resorts - at march 31, 2020 total assets of $13.4 billion and cash balance of approximately $2.8 billion and ff&e escrow reserves of $165 million.
HST Ratings Summary
HST Quant Ranking