Host Hotel Reports Solid 1Q
Host Hotels & Resorts Inc (NYSE:HST) reported first quarter 2012 FFO (funds from operations) of $101 million or 14 cents per share compared with $77 million or 11 cents per share in the year-earlier quarter and beat the Zacks Consensus Estimate by a penny. Funds from operations, a widely used metric to gauge the performance [...]
Host Hotels & Resorts Inc (NYSE:HST) reported first quarter 2012 FFO (funds from operations) of $101 million or 14 cents per share compared with $77 million or 11 cents per share in the year-earlier quarter and beat the Zacks Consensus Estimate by a penny. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The company reported first-quarter adjusted FFO of $102 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards