BETHESDA, MD—Host Hotels & Resorts outdidanalyst expectations for its first quarter performance by postingstrong net earnings and Funds From Operations. Driving the growthwas its group business division.
For the first quarter, adjusted FFO reached$257 million, from $214 million a yearearlier.
Net earnings for the first quarter reached$179 million from $56 million a year earlier.Adjusted EBITDA reached $308 million from $283 million a yearago.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
