felixmizioznikov/iStock Editorial via Getty Images Introduction Back when I last covered Host Hotels & Resorts ( HST ), I called them “A High-Quality Hotel REIT Still Worth Buying After Strong Results,” highlighting their strong financials, solid Q4 and 2025 performance, and solid 2026 guidance amid their ongoing asset sales, sustaining a strong dividend yield (including special dividends and buyb...
felixmizioznikov/iStock Editorial via Getty Images Introduction Back when I last covered Host Hotels & Resorts ( HST ), I called them “A High-Quality Hotel REIT Still Worth Buying After Strong Results,” highlighting their strong financials, solid Q4 and 2025 performance, and solid 2026 guidance amid their ongoing asset sales, sustaining a strong dividend yield (including special dividends and buybacks). Following a strong start to 2026, HST remains a Buy, with the valuation still being attractive, financials still holding well, the dividend remaining sustainable, and potential for a long-term re-pricing once the current macro headwinds pass. Strong Start Despite Macro Headwinds Host Hotels & Resorts IR HST reported a strong first quarter, beating the market’s FFO and revenue estimates , exceeding their own expectations, and delivering 4.6% comparable hotel total RevPAR growth YoY thanks to strong leisure demand, with the Adjusted FFO per diluted share growing by 4.7% to $0.67 per share (i.e., $460 million). Host Hotels & Resorts IR Thanks to the strong results, HST also hiked the 2026 guidance by quite a bit, expecting an Adjusted EBITDAre between $1.785 billion and $1.835 billion and an Adjusted FFO of $2.10 to $2.16 per share, meaning between $1.443 billion and $1.489 billion in Adjusted FFO. As noted before, this industry demands adjusting their Adjusted FFO for the FF&E (furniture, fixtures, and equipment) reserve rate, which I’ll assume at 5% of their hotel revenues, above the standard 4% to account for higher volatility and reports that the industry has delayed these expenses for quite a bit due to the pandemic. This way, we should see an AFFO of about $1.16 billion at midpoint, which we can use later in the valuation segment. Host Hotels & Resorts IR Financially, based on HST’s latest report , we continue to see a solid position for a REIT, with ample liquidity available and a significant amount of cash thanks to the recent asset sales, with the debt coming a...
Barrister for actor Charlotte MacInnes, who is suing the Pitch Perfect star for defamation, also accused Wilson of ‘a complete revision of history’. Wilson has rejected defamation claims. Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Rebel Wilson has been accused in court of being a liar who made up terrible claims about her col...
Barrister for actor Charlotte MacInnes, who is suing the Pitch Perfect star for defamation, also accused Wilson of ‘a complete revision of history’. Wilson has rejected defamation claims. Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Rebel Wilson has been accused in court of being a liar who made up terrible claims about her colleagues and completely rewrote history. The Pitch Perfect star copped the blunt assessment in the dying hours of a fiery defamation battle where she is being sued by Charlotte MacInnes, the lead actor in musical comedy The Deb which Wilson directed, co-produced and starred in. Continue reading...
SLB stock faces pressure from Middle East disruptions, but digital growth, AI partnerships, and shareholder returns support its long-term investment outlook.
SLB stock faces pressure from Middle East disruptions, but digital growth, AI partnerships, and shareholder returns support its long-term investment outlook.
Stellantis NV plans to extend its cooperation with China’s Leapmotor , including co-developing an electric model under the Opel brand, shifting ownership of a plant in Spain and expanding joint purchasing. Opel engineers have already started working with their Leapmotor counterparts in China, the marque’s Chief Executive Officer Florian Huettl said in an interview. They’re developing a mid-size sp...
Stellantis NV plans to extend its cooperation with China’s Leapmotor , including co-developing an electric model under the Opel brand, shifting ownership of a plant in Spain and expanding joint purchasing. Opel engineers have already started working with their Leapmotor counterparts in China, the marque’s Chief Executive Officer Florian Huettl said in an interview. They’re developing a mid-size sport utility vehicle that will be built in Zaragoza, Spain to compete with cars like Volkswagen AG ’s Tiguan and Hyundai ’s Tucson. The move would mark one of the first instances of a major Western automaker relying on Chinese technology to bolster its lineup in Europe. Production of the sport utility vehicle could begin in 2028, the company said Friday. Separately, the sprawling carmaker, which also makes Jeep, Ram and Peugeot brands, is also weighing to transfer ownership of a site in Madrid to its venture with its Chinese partner. Stellantis holds a 51% stake in the Leapmotor pact set up in 2023, and so far focused on distribution . The shift at the Villaverde plant could pave the way for production of multiple Leapmotor models, helping Stellantis meet stricter European Union rules on local manufacturing, the company said. Read More: China Is Ripping Up the Rulebook for the Global Auto Industry The broadening of the partnership reflects mounting pressure on European carmakers to cut costs and speed up development as Chinese rivals expand in the region. It also highlights a shift in Europe’s auto industry, with manufacturers from China moving into core engineering after building a lead on EV technology and other software. Renault SA ’s new electric Twingo city car, for instance, was developed in Shanghai. Leapmotor’s team will take the lead on the SUV’s electric drivetrain and battery systems, while Opel will have greater focus on design and driving dynamics. The car is expected to take around 24 months to develop, a faster pace that reflects the speed at which Chinese man...
Earnings Call Insights: OpenText (OTEX) Q3 fiscal 2026 Management view "Today marks my 14th working day as CEO." (CEO & Director Ayman Antoun) "Four clear priorities are guiding me right now. First, listen... My second priority is to learn... My third priority is to assess... My fourth priority is to build." (CEO & Director Ayman Antoun) "You should expect transparency and consistency from me goin...
Earnings Call Insights: OpenText (OTEX) Q3 fiscal 2026 Management view "Today marks my 14th working day as CEO." (CEO & Director Ayman Antoun) "Four clear priorities are guiding me right now. First, listen... My second priority is to learn... My third priority is to assess... My fourth priority is to build." (CEO & Director Ayman Antoun) "You should expect transparency and consistency from me going forward on what is working, where we are making changes, and how we're tracking against the clear plan we set out." (CEO & Director Ayman Antoun) "We ended off the quarter with solid performance in total revenues, beating our own expectations for free cash flow and adjusted EPS." (President & Chief Client Officer Christopher McGourlay) "In Q3, we generated total revenues of approximately $1.28 billion, led by overall cloud growth of 6.6% year-on-year." (President & Chief Client Officer McGourlay) "Our total content business, which consists of 44% of our total revenues, grew 6% year-on-year in Q3... cloud revenue for content, it grew 22% year-on-year." (President & Chief Client Officer McGourlay) "Q3 cloud revenue of $493 million is the highest in the company history." (President & Chief Client Officer McGourlay) "We announced that select enterprise data and AI solutions will be available on the AWS Sovereign Cloud... aimed at regulated EU clients requiring strict data residency and sovereignty." (President & Chief Client Officer McGourlay) "OpenText had a strong Q3. This momentum positions us well for the final quarter of fiscal '26." (Executive VP & CFO Steve Rai) "Earlier this year, we increased our share buyback program from $300 million to $500 million for fiscal '26." (Executive VP & CFO Rai) "We repurchased and canceled 9.7 million shares in Q3 and reduced our share count by 6.7% year-over-year to 242.2 million shares outstanding." (Executive VP & CFO Rai) "We expect the Vertica divestiture to close shortly, and we remain in the process of continuing to reshape our ...
Earnings Call Insights: Trulieve Cannabis Corp. (TCNNF) Q1 2026 Management view Kimberly Rivers (Founder, Chairman & CEO) framed the quarter around U.S. policy changes, saying, "President Trump delivered on his promise to address cannabis reform with two decisive actions" and highlighted that "Attorney General Todd Blanche reclassified medical marijuana to Schedule III effective immediately." Rive...
Earnings Call Insights: Trulieve Cannabis Corp. (TCNNF) Q1 2026 Management view Kimberly Rivers (Founder, Chairman & CEO) framed the quarter around U.S. policy changes, saying, "President Trump delivered on his promise to address cannabis reform with two decisive actions" and highlighted that "Attorney General Todd Blanche reclassified medical marijuana to Schedule III effective immediately." Rivers said the company has already moved to register facilities under the new framework: "We have already applied to register our 206 dispensaries in medical-only markets," and added, "Given all of these changes, we are actively exploring options for Trulieve to uplist to a major U.S. exchange and address the outstanding uncertain tax position." On operating performance, Rivers reported, "First quarter revenue of $287 million was in line with guidance and seasonal trends," and said gross margin strength came from, "operational efficiencies, low production costs, and our disciplined approach to promotional activity." Rivers emphasized cash generation and financing activity, stating, "During the quarter, we raised $60 million in senior notes and generated $56 million in operating cash flow," contributing to "our quarter-end cash balance of $353 million." Jan Reese (Chief Financial Officer) said results reflected mixed demand drivers: "New store openings, adult-use momentum in Ohio and wholesale growth were offset by ongoing pricing pressure and softer consumer wallet trends," while noting profitability, "First quarter adjusted EBITDA was $100 million, representing a 35% margin." Outlook Reese guided, "We expect second-quarter revenue to increase by a low single-digit percentage sequentially," and added, "Gross margin is expected to fluctuate quarter-to-quarter but remain broadly in line with our recent performance." Reese reiterated the full-year cash and investment framework: "For the full year 2026, we anticipate operating cash flow of at least $250 million and capital expendi...
The shape-shifting artificial intelligence trade and the ongoing conflict in the Middle East dominated conversations in a week that saw strong earnings results. The Opening Trade spoke with leading market voices and company executives to get their take. (Source: Bloomberg)
The shape-shifting artificial intelligence trade and the ongoing conflict in the Middle East dominated conversations in a week that saw strong earnings results. The Opening Trade spoke with leading market voices and company executives to get their take. (Source: Bloomberg)