Item 5. Market for Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities for Host Inc.

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Item 5. Market for Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities for Host Inc.

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Host Inc.’s common stock is listed on the New York Stock Exchange and trades under the symbol “HST.”

As of February 20, 2020, there were 17,593 holders of record of Host Inc.’s common stock. However, because many of the shares of our common stock are held by brokers and other institutions on behalf of stockholders, we believe that there are considerably more beneficial owners of our common stock than record holders. As of February 20, 2020, there were 1,202 limited partners (in addition to Host Inc.). OP units are redeemable for cash, or, at our election, for Host Inc. common stock.

Stockholder Return Performance

The following graph compares the five-year cumulative total stockholder return on the common stock of Host Inc. against the cumulative total returns of the Standard & Poor’s Corporation Composite 500 Index and the National Association of Real Estate Investment Trust (“NAREIT”) Lodging Index. The graph assumes an initial investment of $100 in the common stock of Host Inc. and in each of the indexes, and also assumes the reinvestment of dividends.

Comparison of Five-Year Cumulative Stockholder Returns 2014 – 2019

	2014		2015		2016		2017		2018		2019
Host Hotels & Resorts, Inc.	$	100.00	$	67.50	$	87.33	$	96.01	$	84.09	$	98.09
NAREIT Lodging Index	$	100.00	$	75.58	$	93.98	$	100.71	$	87.80	$	101.55
S&P 500 Index	$	100.00	$	101.38	$	113.51	$	138.29	$	132.23	$	173.86

This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference into any filing of Host Inc. or Host L.P. (or any of their respective subsidiaries) under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Fourth Quarter 201****9 Host Inc. Purchases of Equity Securities

On February 22, 2017, Host Inc. announced a program to repurchase up to $500 million of common stock and on August 5, 2019, we announced an increase in the repurchase program from $500 million to $1 billion. The common stock may be purchased from time to time depending upon market conditions, and repurchases may be made in the open market or through private transactions or by other means, including principal transactions with various financial institutions, like accelerated share repurchases, forwards, options and similar transactions, and through one or more trading plans designed to comply with Rule 10b5-1 under the Securities Act of 1934, as amended. The program does not obligate us to repurchase any specific number of shares or any specific dollar amount and may be suspended at any time at our discretion.

Period		Average Price Paid per Common Share*			Maximum Number (or Approximate Dollar Value) of Common Shares that May Yet Be Purchased Under the Plans or Programs (in millions)
October 1, 2019 – October 31, 2019	807,495	$	16.79	807,495	$	586
November 1, 2019 – November 30, 2019	1,742,557	$	17.21	1,742,557	$	556
December 1, 2019– December 31, 2019	2,159,051	$	17.76	2,159,051	$	518
Total	4,709,103	$	17.39	4,709,103	$	518

*	Prices shown are exclusive of commissions paid.

Item 5. Market for Registrant’s Common OP Units, Related Unitholder Matters and Issuer Purchases of Equity Securities for Host L.P. | --- | --- |

There is no established public trading market for our OP units and transfers of OP units are restricted by the terms of Host L.P.’s partnership agreement. The number of holders of record of Host L.P.’s common OP units on February 20, 2020 was 1,202. The number of outstanding common OP units as of February 20, 2020 was 698,514,143 of which 691,037,305 were owned by Host Inc.

Fourth Quarter 2019 Host L.P. Purchases of Equity Securities

Period		Average Price Paid Per Common OP Unit
October 1, 2019 – October 31, 2019	835,610	1.021494 shares of Host Inc. Common Stock	—	—
November 1, 2019 – November 30, 2019	1,836,897	1.021494 shares of Host Inc. Common Stock	—	—
December 1, 2019– December 31, 2019	2,209,289	1.021494 shares of Host Inc. Common Stock	—	—
Total	4,881,796		—	—

Reflects 10,759; 56,886; and 3,832 common OP units offered for redemption by limited partners in exchange for shares of Host Inc.’s common stock for the months of October, November and December, respectively, and 824,851; 1,780,011; and 2,205,457 common OP units for the months of October, November and December, respectively, redeemed to fund the repurchase by Host Inc. of the shares of common stock listed above as part of its publicly announced share repurchase program.

Item 6. Selected Financial Data (Host Hotels & Resorts, Inc.) | --- | --- |

The following table presents certain selected historical financial data which has been derived from audited consolidated financial statements of Host Hotels & Resorts, Inc. for the five years ended December 31, 2019 and should be read in conjunction with the consolidated financial statements and related notes and Part II Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations”:

	Calendar year
	2019		2018		2017		2016		2015
	(in millions, except per share amounts)
Income Statement Data:
Revenues	$	5,469	$	5,524	$	5,387	$	5,430	$	5,350
Net income		932		1,151		571		771		565
Net income attributable to Host Hotels & Resorts, Inc.		920		1,087		564		762		558
Earnings per common share:
Basic earnings per common share		1.26		1.47		.76		1.03		.74
Diluted earnings per common share		1.26		1.47		.76		1.02		.74
Dividends declared per common share		.85		.85		.85		.85		.80
Balance Sheet Data:
Total assets	$	12,305	$	12,090	$	11,693	$	11,408	$	11,656
Debt		3,794		3,837		3,954		3,649		3,867

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