8 Most Undervalued REIT Stocks To Buy Now

4. Host Hotels & Resorts, Inc. (NASDAQ:HST)

Number of Hedge Fund Holders: 26

Forward P/E: 18.43

Host Hotels & Resorts, Inc. (NASDAQ:HST) is one of the largest lodging real estate investment trusts. The firm has a geographically diverse portfolio of luxury and upper-upscale hotels across the United States. It was incorporated as a Maryland corporation in 1998. Currently, the REIT is headquartered in Bethesda, Maryland.

The portfolio of the REIT comprises high-quality assets in attractive markets across the US. The firm owns 76 properties in the United States and 5 properties internationally totaling approximately 43,400 rooms. Host Hotels & Resorts, Inc. (NASDAQ:HST) also has a strong scale and reputation as evident from the fact that it serves as the largest third-party owner of Marriott and Hyatt hotels. Host entered the pandemic with a strong balance sheet allowing it to re-invest in the portfolio during a period of low demand which led to 2023 FFO per share growth above 2019 levels, while other full-service lodging REITs lagged.

For Q2 2024, the firm delivered net income of $242 million, up 13.1% year-over-year. Comparable hotel total RevPAR was $368.25 for the quarter, an increase of 0.5% since the prior year. This was due to the group business driving increases in banquet and catering revenues. The firm also diversified its presence in New York City by acquiring the 1 Hotel Central Park subsequent to the quarter end. The REIT has acquired $1.5 billion of iconic and irreplaceable real estate so far in 2024 which positions it well for future EBITDA growth.

With unrivaled properties, a strong scale, a robust balance sheet, and a significant EBITDA growth potential, Host Hotels & Resorts, Inc. (NASDAQ:HST) is an attractive REIT stock to consider. The firm is an S&P 500 company.