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Host jumps in FFO, net income

Host Hotels, a Bethesda-based lodging real estate investment trust, reported substantial increases in funds from operations and net income both for the last quarter of 2014 and for the year overall. Adjusted FFO for the quarter was $305 million, up from $251 million for the prior-year period, and for the year was $1.15 billion, compared with $989 million for 2013. Host posted net income of $254 million, or 33 cents per diluted share, for the quarter, compared with $123 million and 16 cents for 2013 quarter. For the year, Host reported a $732 million profit, or 96 cents per diluted share, more than double 2013’s $317 million and 32 cents.