Park Hotels & Resorts Inc. PK
Park (NYSE: PK) is one of the largest publicly-traded lodging real estate investment trusts ("REIT") with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 33 premium-branded hotels and resorts with over 22,000 rooms primarily located in prime city center and resort locations.
Snapshot
Reported FFO / Adjusted FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-30) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-04-24 | $0.25 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-02-13 | $0.25 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-10-23 | $0.25 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-07-25 | $0.25 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-04-25 | $0.25 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-02-14 | $0.25 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-11-26 | $0.65 | Special |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-07-26 | $0.25 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-04-19 | $0.25 | Quarterly |
| 2024-03-27 | 2024-03-29 | 2024-04-15 | 2024-02-27 | $0.25 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-16 | 2023-10-27 | $1.70 | Special |
| 2023-09-28 | 2023-09-29 | 2023-10-16 | 2023-09-08 | $0.15 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-06-08 | $0.15 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-17 | 2023-03-15 | $0.15 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-17 | 2022-12-07 | $0.25 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-17 | 2022-09-09 | $0.01 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-06-15 | $0.01 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-15 | 2022-03-11 | $0.01 | Quarterly |
| 2020-03-30 | 2020-03-31 | 2020-04-15 | 2020-02-26 | $0.45 | Quarterly |
| 2019-12-30 | 2019-12-31 | 2020-01-15 | 2019-12-09 | $0.55 | Quarterly |
| 2019-09-27 | 2019-09-30 | 2019-10-15 | 2019-07-26 | $0.45 | Quarterly |
| 2019-06-27 | 2019-06-28 | 2019-07-15 | 2019-05-06 | $0.45 | Quarterly |
| 2019-03-28 | 2019-03-29 | 2019-04-15 | 2019-02-22 | $0.45 | Quarterly |
| 2018-12-28 | 2018-12-31 | 2019-01-15 | 2018-12-12 | $0.70 | Quarterly |
Coverage (payout of operating cash flow): 50.00%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $2.54B | $-283.00M | $336.00M | $333.00M | $398.00M |
| 2024 | $2.60B | $212.00M | $257.00M | $696.00M | $429.00M |
| 2023 | $2.70B | $97.00M | $287.00M | $683.00M | $503.00M |
| 2022 | $2.50B | $162.00M | $269.00M | $689.00M | $409.00M |
| 2021 | $1.36B | $-459.00M | $281.00M | $89.00M | $-137.00M |
| 2020 | $852.00M | $-1.44B | $298.00M | $-939.00M | $-438.00M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.