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Host Hotels: Q4 Earnings Snapshot
Host Hotels & Resorts Inc. reported strong fourth-quarter results, surpassing Wall Street expectations for profitability and revenue. The real estate investment trust posted funds from operations of $350 million, or 51 cents per share, beating analyst estimates of 47 cents per share, and revenue of $1.6 billion. For the upcoming year, the company projects funds from operations between $2.03 and $2.11 per share and revenue ranging from $6.03 billion to $6.12 billion.