Page 1

HOST HOTELS & RESORTS® Host Hotels & Resorts , Inc. Reports Results for Second Quarter 2021 Continued Quarterly Revenue Growth and Sequentially Improved Operations ; Strong Beat to Consensus RevPAR ; Acquired Baker's Cay Resort Key Largo and a Luxury Downtown Hotel in Houston Revenues ... All owned hotel revenues ( pro forma ) ( 1 ) All owned hotel ( pro forma ) Total RevPAR - Constant US $ .. BETHESDA , MD ; August 3 , 2021 Host Hotels & Resorts , Inc. ( NASDAQ : HST ) ( the “ Company " ) , the nation's largest lodging real estate investment trust ( " REIT " ) , today announced results for second quarter 2021 . All owned hotel ( pro forma ) RevPAR - Constant US $ ... Net loss . EBITDAre ( 1 ) .. Adjusted EBITDAre ( 1 ) . Diluted loss per common share .... NAREIT FFO per diluted share ( 1 ) Adjusted FFO per diluted share ( 1 ) OPERATING RESULTS ( unaudited , in millions , except per share and hotel statistics ) Quarter ended June 30 , 2021 649 $ 659 152.84 99.86 2021 ( 61 ) 111 110 ( 0.09 ) 0.12 2020 Quarter ended June 30 , 0.12 103 104 23.86 14.12 2020 ( 356 ) ( 190 ) ( 189 ) ( 0.50 ) ( 0.26 ) ( 0.26 ) Percent Percent Change Change vs. Q2 2020 vs. Q2 2019 ( 2 ) 530.1 % 533.7 % 540.7 % ( 54.4 ) % ( 52.0 ) % 607.0 % Percent Change 82.9 % N / M N / M 82.0 % SOURAV GHOSH Chief Financial Officer ( 240 ) 744-5267 N / M N / M 2021 2020 ( 56.2 ) % $ 1,048 $ 1,155 ( 54.2 ) % 1,196 $ Year - to - date ended June 30 , 1,088 126.83 82.28 2021 Year - to - date ended June 30 , ( 214 ) $ 116 113 ( 0.30 ) 0.13 139.05 0.13 82.57 2020 ( 359 ) ( 26 ) ( 25 ) ( 0.50 ) ( 0.03 ) ( 0.03 ) Percent Change vs. Q2 2020 JAIME MARCUS Investor Relations ( 240 ) 744-5117 ir@hosthotels.com ( 9.3 ) % ( 9.0 ) % ( 8.8 ) % ( 0.3 ) % Percent Change 40.4 % N / M N / M 40.0 % N / M N / M Percent Change vs. Q2 2019 ( 2 ) ( 63.5 ) % ( 61.1 ) % ( 61.3 ) % ( 59.3 ) % * Additional detail on the Company's results , including data for 21 domestic markets , is available in the Second Quarter 2021 Supplemental Financial Information available on the Company's website at www.hosthotels.com . James F. Risoleo , President and Chief Executive Officer , said , " During the second quarter , we were extremely encouraged to see positive trends across the lodging industry and our portfolio , as our hotel operations continued to exceed our expectations . RevPAR reached nearly $ 100 for the quarter , which dramatically outperformed consensus RevPAR , with average room rates only 8.4 % below our 2019 second quarter rates . These RevPAR gains have translated into significant ( 1 ) NAREIT Funds From Operations ( " FFO " ) per diluted share , Adjusted FFO per diluted share , EBITDAre , Adjusted EBITDAre and all owned hotel results ( pro forma ) are non - GAAP ( U.S. generally accepted accounting principles ) financial measures within the meaning of the rules of the Securities and Exchange Commission ( " SEC " ) . See the Notes to Financial Information on why the Company believes these supplemental measures are useful , reconciliations to the most directly comparable GAAP measure , and the limitations on the use of these supplemental measures . ( 2 ) Presentation includes comparisons to 2019 operating results so investors can better understand the trajectory and timing of any recovery from the COVID - 19 impacts on hotel operations . N / M = Not Meaningful