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Host Hotels & Resorts (Host Inc.)

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“We implement green building technologies and practices that reduce operating expenses, create economic value and drive investor returns.” — Host1

Ticker

PLD(NYSE)2

Headquarters

Bethesda, Maryland

Market Cap

USD $13.8 billion

Company History

Incorporated in 1993
Became a REIT in 1998

Properties

114 around the globe

Green Building Certifications

3 LEED Certified Properties

Total Sq. Ft.

54 million sq. ft.

Employees

220

*Data as of December 31, 2017.

Sheraton New York in Times Square New York Source: Host Hotels & Resorts www.hosthotels.com

Revenue by Brand3

Marriott: 38%
Westin: 13%
Sheraton: 6%
Ritz-Carlton: 6%
JW Marriott: 5%
W: 5%
Hyatt: 8%
AccorHotels: 4%
Hilton: 4%
Independent: 3%

No Data Found

Geographic Breakdown3

West: 27%
Mid-Atlantic / Southeast: 26%
Central: 13%
Northeast: 12%
International: 7%

No Data Found

Who is Host Hotels & Resorts?

If you travel for work or pleasure and have stayed in a Marriott, Hyatt or Sheraton property, you might have stayed in a Host property. Did you know that hotel brands don’t necessarily own the hotel building? Host Hotels & Resorts is one of the largest lodging REITs that owns luxury and upscale hotel properties featuring recognizable hotel operators such as the W and The Westin. The majority of Host’s properties are located in central business districts of major cities, near airports and in resort/conference destinations. They work with each hotel tenant to improve the building, furnishings, and the overall hospitality experience.

Sustainability Initiatives

Host’s sustainability initiatives have C-Suite oversight. The company has taken a first-mover initiative to report annual energy consumption in the company’s 2016 10-K.4 Sustainability is integrated into assessing acquisitions and improving the building performance of existing properties to lower operating costs.Over the past five years, Host invested $24.2 million in energy and water saving projects which include LED lighting, in-room energy management systems, water saving fixtures and efficient boilers and chillers.5

Accomplishments:

Over an 8-year period from 2008 to 2016:

Greenhouse Gas Emissions – Reduced greenhouse gas emissions of 27% per sq. ft.

Energy – Reduced energy use by 14% per sq. ft.

Water – Reduced water consumption by 21% per occupied room.

Looking Forward:

Targets for 2020:

Greenhouse Gas Emissions – Reduce Scope 1 and Scope 2 greenhouse gas emissions by 25% per sq ft.

Energy – Reduce energy use by 15% per sq ft.

Water – Reduce water consumption by 25% per occupied room.

Waste – Divert waste from at least 50% of major renovation projects.

Recent Awards

Dow Jones logo

Dow Jones Sustainability Index North America 2017

gresb

Global Real Estate Sustainability Benchmark 2017 Green Star

NAREIT Leader in the Light Award For Lodging/Resorts

Property Spotlight

Hyatt Regency Maui is the first resort in Hawaii to achieve LEED® Silver EBOM status (LEED for Existing Buildings: Operations and Maintenance). The hotel is partly powered by solar photovoltaic rooftop systems. Low flow water fixtures and non-turf landscaping conserve water. Additionally, the weather-based irrigation system recycles water use on the property. Guests are encouraged to recycle. The hotel received the Hyatt Thrive Leadership Award for excellence in Environmental Sustainability in 2016.

1 Host Hotels & Resorts (2017) “Corporate Responsibility: Responsible Investment.” Available from https://www.hosthotels.com/corporate-responsibility/responsible-investment.
2 Host Hotels & Resorts is 2.54% of the Vert Global Sustainable Real Estate Fund (VGSRX) as of December 31, 2017.
3 Revenue by Brand and Geographic Breakdown sourced from Host Hotels & Resorts (2017) Host Inc “2016 10K” as of February 20, 2017 and Host Hotels & Resorts (2017) Investor Presentation, April 2017.
4 Host Hotels & Resorts (2017) Host Inc “2016 10K” as of February 20, 2017.
5 Host Hotels & Resorts (2017) Investor Presentation, April 2017.

Please refer to the Prospectus for full risk disclosures. All data as of December 31, 2017 and subject to change daily.

The Vert Global Sustainable Real Estate Strategy operated as mutual fund from October 31, 2017 and prior to the fund reorganization on December 4, 2023. The investment objectives have not changed.

Investing involves risk. Principal loss is possible. Investors should be aware of the risks involved with investing in a fund concentrating in REITs and real estate securities, such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. Investments in foreign securities involve political, economic and currency risks, greater volatility and differences in accounting methods. A REIT’s share price may decline because of adverse developments affecting the real estate industry. REITs may be subject to special tax rules and may not qualify for favorable federal tax treatment which could have adverse tax consequences. The Fund’s focus on sustainability may limit the number of investment opportunities available to the fund and at time the fund may under perform funds that are not subject to similar investment considerations. Diversification does not assure a profit or protect against loss in a declining market.

Please refer to the prospectus for important information about the investment company including investment objectives, risks, charges and expenses which must be considered carefully before investing. You may also obtain a hardcopy of the prospectus by calling 1-844-740-VERT. Read it carefully before investing.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance is annualized for periods greater than 1 year. For performance current to the most recent month end please call 1-844-740-VERT. Standardized performance of the Fund is viewable under the Information tab. Click here for standardized performance of the Fund.

Fund holdings and/or sectors are subject to change at any time and are not recommendations to buy or sell any security. Current and future holdings are subject to change. Click here for the Fund’s current top ten holdings.

Basis points are otherwise known as bps or “bips,” are a unit of measure used in finance to describe the percentage change in the value of financial instruments or the rate change in an index.

The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Environmental, social, and governance (ESG) criteria refer to activities that contribute to the business that not quantified in typical financial reporting.

The Vert Global Sustainable Real Estate ETF is distributed by Quasar Distributors, LLC.

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