Host Hotels & Resorts (HST) enters a material agreement

Host Hotels & Resorts entered a new at-the-market distribution agreement on November 12, 2026, covering up to $600 million of common stock, replacing a prior agreement under which the same $600 million remained unsold. The pact involves J.P. Morgan, BofA Securities, Wells Fargo Securities, Goldman Sachs, Morgan Stanley and Jefferies among the sales agents, with several also acting as forward sellers for forward purchasers. Sales occur at then-current market prices, with only one agent permitted to sell on any given day and no obligation on either side to transact. The arrangement gives the REIT flexible, discretionary access to equity capital for general corporate purposes without committing to a fixed timetable. Investors will watch how quickly Host draws on the shelf and whether dilution accompanies any capital deployment.