Host Hotels and Resorts Inc Issues FY 2013 FFO And EBITDA Guidance In Line With Analysts' Estimates; Comments On FY 2013 Comparable RevPAR Guidance

Host Hotels and Resorts Inc announced that for fiscal 2013, it expects earnings per diluted share (EPS) to a range from approximately $0.29 to $0.36, net income to a range from $217 million to $276 million, NAREIT and adjusted funds from operations (FFO) per diluted share to be approximately $1.19 to $1.27 and adjusted EBITDA to be approximately $1.250 billion to $1.310 billion. The Company expects fiscal 2013 comparable hotel RevPAR to increase 5.0% to 7.0%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report FFO of $1.27 and EBITDA of $1.29 billion for fiscal 2013.