Host Hotels and Resorts Inc Raises Low End Of Prior FY 2012 RevPAR Outlook; Raises FY 2012 Revenue, FFO, EBITDA Outlook; Lowers High End Of Prior FY 2012 EPS Outlook; Lowers FY 2012 Net Income Outlook

Host Hotels and Resorts Inc announced that for fiscal 2012, it expects comparable hotel RevPAR will increase 5.5% to 7.0%, total revenues under GAAP would increase 6.3% to 7.8%, earnings per diluted share (EPS) to be in a range from approximately $0.14 to $0.19, net income to be in a range of $104 million to $140 million, adjusted funds from operations (FFO) per diluted share to be approximately $1.04 to $1.09 and adjusted EBITDA to be approximately $1.135 to $1.170 billion. The Company reported revenue of $4.998 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $5.287 billion, EPS of $0.19, net income of $145 million, FFO of $1.06 and EBITDA of $1.142 billion for fiscal 2012.