* Q1 adj FFO $0.14 vs $0.12
* Revenue up 10 pct to $985 mln
April 25 Lodging real estate investment trust
Host Hotels & Resorts posted better quarterly results on
higher room rates, and raised its full-year outlook.
Funds from operations, a key profitability measure that
excludes items such as gains and losses from sales of
depreciable operating properties, rose to $101 million, or 14
cents a share, from $80 million, or 12 cents a share, a year
The company broke even in the first quarter, compared to a
loss of $60 million last year. Revenue rose 10 percent to $985
Comparable hotel revenue per available room -- a key measure
of hotel industry performance based on occupancy and room-rates
-- increased 6.1 percent. Average room rate rose 2.9 percent
while occupancy levels went up 2.1 percentage points.
Host Hotels expects revenue per available room to rise 5
percent to 7 percent this year.
The company had earlier forecast a 4 percent to 6 percent
growth in revenue per available room.
It expects adjusted funds from operations of $1.01 to $1.08
per share, up from previous forecast of 97 cents to $1.04 per
Host Hotels shares closed at $16.78 on Tuesday on the New
York Stock Exchange.