Host Hotels & Resorts, Inc. (HST) vs RLJ Lodging Trust (RLJ)

Host Hotels & Resorts, Inc. and RLJ Lodging Trust are both Reit Hotel & Motel companies. Host Hotels & Resorts, Inc. is the larger, with a market value of $17.3B against $1.9B — 9.0× the size. RLJ Lodging Trust has negative trailing earnings, so its P/E is not meaningful; Host Hotels & Resorts, Inc. trades at 16.9×. Host Hotels & Resorts, Inc. grew revenue faster over the last twelve months: 4.93% against 1.07%. Host Hotels & Resorts, Inc. has the higher net margin (16.5% vs 0.18%) and the higher return on invested capital (5.94% vs 2.12%). Both pay a dividend; RLJ Lodging Trust yields more (4.76% vs 2.37%). Across the 21 metrics below, Host Hotels & Resorts, Inc. leads on 14 and RLJ Lodging Trust on 7.

Valuation

Metric HST RLJ Reit Hotel & Motel median
P/E 16.87 n/m 27.92
P/S 2.79 1.37 1.61
P/B 2.71 1.05 1.09
Price to free cash flow 7.14 8.17 8.14
EV/EBITDA 12.01 10.37 12.93
EV/Sales 3.29 2.61 2.92
Earnings yield 5.93% 0.00% (0.34%)
Free cash flow yield 14.01% 12.24% 6.61%

Profitability

Metric HST RLJ Reit Hotel & Motel median
Gross margin 29.02% 61.99% 37.37%
Operating margin 14.55% 9.53% 9.53%
Net margin 16.51% 0.18% (0.66%)
Free cash flow margin 39.04% 16.75% 17.01%
Return on equity 15.76% 0.13% 0.53%
Return on assets 7.84% 0.05% (0.26%)
Return on invested capital 5.94% 2.12% 2.16%

Growth

Metric HST RLJ Reit Hotel & Motel median
Revenue growth (TTM) 4.93% 1.07% 1.17%
EPS growth (last fiscal year) 11.11% (96.30%) (16.85%)
Revenue growth, 5-year CAGR 30.43% 23.33% 24.43%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HST RLJ Reit Hotel & Motel median
Debt to equity 0.80 1.24 0.83
Current ratio 2.96 5.71 1.34
Net debt to EBITDA 2.59 5.14 5.14

Dividend

Metric HST RLJ Reit Hotel & Motel median
Dividend yield 2.37% 4.76% 3.01%
Payout ratio 0.40 — 1.24

Size

Metric HST RLJ Reit Hotel & Motel median
Market cap 17.33b 1.93b 1.95b

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