Core Viewpoint - Xenia Hotels & Resorts, Inc. is set to report its financial results for the second quarter of 2025 on August 1, 2025, with a conference call scheduled for 10:00 am Eastern Time to discuss the results [1]. Group 1: Financial Reporting - The financial results for the second quarter of 2025 will be reported before the market opens on August 1, 2025 [1]. - A conference call will be held at 10:00 am Eastern Time on the same day to discuss the results [1]. - For those unable to attend the live call, a replay will be available one hour after the call ends, accessible via a specific phone number and access code [2]. Group 2: Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that focuses on luxury and upper upscale hotels and resorts in the top 25 lodging markets and key leisure destinations in the United States [4]. - The company owns 30 hotels with a total of 8,868 rooms across 14 states, operating under well-known brands such as Marriott, Hyatt, Fairmont, Kimpton, Loews, Hilton, and The Kessler Collection [4].

Core Points - Xenia Hotels & Resorts, Inc. announced a cash dividend of $0.14 per share for Q2 2025, payable on July 15, 2025, to shareholders of record as of June 30, 2025 [1] - The Board of Directors also authorized a share repurchase program of up to $100 million, with approximately $180 million remaining under total repurchase authorization as of May 13, 2025 [2] - Xenia is a self-advised and self-administered REIT focused on luxury and upper upscale hotels, owning 30 properties with a total of 8,868 rooms across 14 states [3]

Financial Performance - Total portfolio RevPAR increased 6.7% to $188.73 for the three months ended March 31, 2025, compared to $176.86 for the same period in 2024[139]. - Net income increased 84.1% for the three months ended March 31, 2025, primarily due to an $8.5 million increase in hotel operating income for 31 comparable hotels[140]. - Adjusted EBITDAre and Adjusted FFO attributable to common stock and unit holders increased 11.8% and 14.4%, respectively, for the three months ended March 31, 2025, compared to the same period in 2024[141]. - Occupancy rate improved by 190 basis points to 69.3% for the three months ended March 31, 2025, compared to 67.4% in 2024[142]. - Average Daily Rate (ADR) increased by 3.8% to $272.41 for the three months ended March 31, 2025, compared to $262.39 in 2024[142]. - Total revenues increased by $21.4 million, or 8.0%, to $288.9 million for the three months ended March 31, 2025, compared to $267.5 million for the same period in 2024[143]. - Rooms revenues rose by $6.7 million, or 4.4%, to $159.9 million, driven by increased occupancy and average daily rates, despite a $1.2 million reduction from the sale of Lorien Hotel & Spa[144]. - Food and beverage revenues increased by $11.9 million, or 12.9%, to $104.7 million, primarily due to higher occupancy levels[145]. - Other revenues grew by $2.8 million, or 12.8%, to $24.4 million, attributed to increased occupancy[147]. - Net income for the three months ended March 31, 2025, was $16.5 million, a 83.5% increase from $9.0 million in the same period of 2024[197]. - FFO attributable to common stock and unit holders for Q1 2025 was $49.6 million, up 21.5% from $40.9 million in Q1 2024[199]. - Adjusted FFO for Q1 2025 reached $52.1 million, representing a 14.1% increase compared to $45.5 million in Q1 2024[199]. - Adjusted EBITDAre attributable to common stock and unit holders was $72.9 million for Q1 2025, a 11.5% increase from $65.3 million in Q1 2024[197]. Operational Metrics - Demand for hotel rooms increased by 1.0% during the three months ended March 31, 2025, while new hotel supply increased by 0.6%[138]. - The U.S. lodging industry experienced a RevPAR increase of 2.2% for the three months ended March 31, 2025, compared to the same period in 2024[138]. - The company owned 31 hotels and resorts, comprising 9,413 rooms across 14 states as of March 31, 2025[131]. Expenses and Debt - Total hotel operating expenses rose by $12.5 million, or 6.8%, to $195.5 million, largely due to increased occupancy and renovations, net of a $2.0 million reduction from the sale of Lorien Hotel & Spa[150]. - Corporate and other expenses increased by $0.7 million, or 1.2%, to $57.5 million, with depreciation and amortization expenses rising by $1.2 million, or 3.8%[151]. - Interest expense increased by $0.7 million, or 3.4%, to $21.1 million, primarily due to higher average outstanding term loan debt and rising interest rates[159]. - Total outstanding debt was $1.4 billion with a weighted-average interest rate of 5.67% as of March 31, 2025[168]. - Total debt as of March 31, 2025, was $1.44 billion, with a weighted-average interest rate of 5.74%[214]. - Fixed rate debt accounted for $1.06 billion of total debt, while variable rate debt was $378.1 million[214]. - The company has taken steps to reduce variable rate debt exposure by paying off floating rate mortgage debt and entering into interest rate swap agreements[212]. Cash Flow and Investments - Cash provided by operating activities was $54.8 million for the three months ended March 31, 2025, compared to $24.7 million for the same period in 2024, reflecting a significant increase[186]. - Cash used in investing activities was $56.2 million for the three months ended March 31, 2025, primarily due to $32.4 million in capital improvements and $25.4 million for land purchase[187]. - Cash provided by financing activities was $39.9 million for the three months ended March 31, 2025, driven by proceeds from the 2024 Delayed Draw Term Loan of $100 million[189]. Shareholder Returns and Compliance - During the three months ended March 31, 2025, the Company repurchased 2,733,149 shares at a weighted-average price of $13.09 per share, totaling $35.8 million[179]. - As of March 31, 2025, the Company was in compliance with all debt covenants except for one mortgage loan, which was cured by depositing $5.0 million in an escrow account[175]. - The Company had $200 million available for sale under its ATM program as of March 31, 2025, with no shares sold during the three months ended March 31, 2025[177]. Future Outlook and Strategic Initiatives - The company continues to monitor challenges associated with inflationary pressures and changing interest rates that could impact operating results[137]. - The company aims to maximize revenue and profits from existing properties while enhancing portfolio value and generating sustainable cash flow for shareholders[166]. - The Operating Partnership entered into a new $825 million senior unsecured credit facility, which includes a $500 million revolving line of credit and a $225 million term loan[170]. - The remaining commitments under renovation contracts as of March 31, 2025, totaled $24.2 million[183]. - The company recognized a net gain of $1.1 million from the purchase of land associated with a ground lease in Q1 2025[198]. - The sale of the Fairmont Dallas for $111.0 million in February 2025 resulted in an estimated gain of approximately $39.3 million, net of transaction costs[207]. - If market interest rates on variable rate debt increase or decrease by 1%, future earnings and cash flows would be impacted by approximately $3.3 million per annum[210]. Non-GAAP Financial Measures - The Company considers non-GAAP financial measures such as EBITDA and FFO useful for evaluating operating performance[190]. - As of March 31, 2025, the Company had $61.7 million in FF&E reserves, an increase from $58.9 million as of December 31, 2024[182].

Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income of $15.6 million, adjusted EBITDAre of $72.9 million, and adjusted FFO per share of $0.51, reflecting nearly 12% growth in adjusted EBITDAre and nearly 16% growth in adjusted FFO per share compared to Q1 2024 [6][14][32] - RevPAR grew by 6.3% year-over-year, with same property RevPAR for the 31 hotel portfolio at $188.73, occupancy increasing by 80 basis points, and ADR increasing by 3.6% [6][19][24] Business Line Data and Key Metrics Changes - The Grand Hyatt Scottsdale's RevPAR grew approximately 60% in Q1 2025 compared to the same quarter last year, driven by a transformative renovation and strong group production [10][23] - Group room nights were up 6.6% with ADR up 4.1%, and business from the largest corporate accounts grew approximately 15% compared to Q1 2024 [21][36] Market Data and Key Metrics Changes - Hotels in Washington DC and New Orleans benefited from significant events, contributing to RevPAR growth, while the Houston market was softer due to winter storms [8][20] - The company’s same property portfolio grew RevPAR by approximately 3.4% in April 2025 compared to the previous year, despite the negative impact of Easter timing [14][32] Company Strategy and Development Direction - The company completed two significant transactions, acquiring land in Santa Clara for $25 million and selling Fairmont Dallas for $111 million, reflecting prudent capital allocation [11][12] - The company plans to reduce capital expenditures to between $75 million and $85 million for the year, a reduction of $25 million compared to previous guidance, in response to macroeconomic uncertainties [16][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's resilience despite macroeconomic uncertainties, noting that all hotels are in luxury and upper upscale segments, which may be more resilient [17][39] - The company expects RevPAR growth to be driven more by occupancy than rate this year, with strong non-rooms revenue growth anticipated [33][39] Other Important Information - The company increased its quarterly dividend by 17% and repurchased 2.7% of its outstanding shares during Q1 2025 [18][31] - The balance sheet remains strong, with a leverage ratio of 5.4 times trailing twelve months net debt to EBITDA, and no significant debt maturities until late 2028 [30][31] Q&A Session Summary Question: Have group booking trends evolved in response to the current uncertainty? - Management noted that group booking activity remains healthy with no uptick in cancellations or attrition, indicating a positive outlook for group production [42][43] Question: Have you seen any meaningful impact from lower international inbound travel? - Management indicated limited impact from lower international visitation, as the portfolio is not heavily dependent on international travel [44][45] Question: Can you provide background on the Santa Clara acquisition process? - The acquisition was a unique opportunity from the city of Santa Clara, aimed at eliminating future rent escalation risks and increasing asset value [49][50][52] Question: What is the plan for deferred CapEx projects? - Management stated that they will continually evaluate deferred projects and may consider executing them in 2026, depending on macroeconomic conditions and tariff impacts [54][73] Question: What trends are seen in leisure business? - Management observed varied performance in leisure business across properties, with a slight decline expected in RevPAR at leisure assets overall [61][65]

Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income of $15.6 million, adjusted EBITDAre of $72.9 million, and adjusted FFO per share of $0.51, reflecting nearly 12% growth in adjusted EBITDAre and nearly 16% growth in adjusted FFO per share compared to Q1 2024 [5][6][30] - RevPAR grew by 6.3% year-over-year, with same property RevPAR for the 31 hotel portfolio at $188.73, occupancy increasing by 80 basis points, and ADR increasing by 3.6% [5][17] Business Line Data and Key Metrics Changes - The Grand Hyatt Scottsdale's RevPAR grew by approximately 60% in Q1 2025 compared to the same quarter last year, driven by the completion of its transformative renovation [9][22] - One-third of the company's assets achieved double-digit percentage RevPAR growth, while several others experienced high single-digit percentage growth [6][17] Market Data and Key Metrics Changes - Hotels in Washington DC and New Orleans benefited from significant events, such as the presidential inauguration and the Super Bowl, contributing positively to RevPAR [6] - The Houston market experienced softness due to winter storms impacting travel, leading to a 2.1% increase in January RevPAR but a decline in occupancy [18] Company Strategy and Development Direction - The company completed two significant transactions, acquiring land in Santa Clara for $25 million and selling Fairmont Dallas for $111 million, reflecting prudent capital allocation [10][12] - The company plans to reduce capital expenditures for 2025 to between $75 million and $85 million, a reduction of $25 million compared to previous guidance, in response to macroeconomic uncertainties [14][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's resilience despite macroeconomic uncertainties, noting that all high-quality branded hotels cater to more resilient customers [15][30] - The company expects RevPAR growth to be driven more by occupancy than rate, with a forecasted full-year RevPAR growth of approximately 4.5% [30][31] Other Important Information - The company increased its quarterly dividend by 17% and repurchased 2.7% of its outstanding shares during Q1 2025 [16][29] - The company has a strong balance sheet with a leverage ratio of 5.4 times trailing twelve months net debt to EBITDA, and current liquidity of approximately $75 million [28][29] Q&A Session Summary Question: Have group booking trends evolved in response to the current uncertainty? - Management noted that group booking activity remains healthy with no uptick in cancellations or attrition, indicating a positive outlook for group business [40][41] Question: Have you seen any meaningful impact from lower international inbound travel? - Management indicated limited impact from lower international visitation, as the portfolio is not heavily dependent on international travel [42][43] Question: Can you provide background on the Santa Clara acquisition? - The acquisition was a unique opportunity from the city of Santa Clara, aimed at eliminating future rent escalation risks and increasing asset value [46][50] Question: What is the plan for deferred CapEx projects? - Management stated that they will continually evaluate deferred projects and may consider executing them in 2026, depending on macroeconomic conditions and tariff impacts [52][70] Question: What are the trends in leisure business? - Management observed varied performance in leisure business across properties, with a slight decline expected in leisure RevPAR for the year [57][62]

Xenia Hotels & Resorts (XHR) reported $288.93 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 8%. EPS of $0.51 for the same period compares to $0.08 a year ago.The reported revenue represents a surprise of +5.66% over the Zacks Consensus Estimate of $273.46 million. With the consensus EPS estimate being $0.42, the EPS surprise was +21.43%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Xenia Hotels & Resorts (XHR) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to FFO of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 21.43%. A quarter ago, it was expected that this real estate investment trust that owns hotels would post FFO of $0.38 per share when it actually produced FFO of $0.39, delivering a surprise of 2.63% ...

May 2, 2025 Date: XENIA HOTELS & RESORTS REPORTS FIRST QUARTER 2025 RESULTS Orlando, FL – May 2, 2025 – Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended March 31, 2025. First Quarter 2025 Highlights "Our portfolio performance in the first quarter exceeded expectations and led to nearly 12% growth in Adjusted EBITDAre and nearly 16% growth in Adjusted FFO per share, as compared to the same period in 2024," said Marcel Verbaas, Chair and Chief E ...

Core Viewpoint - Xenia Hotels & Resorts, Inc. reported strong first-quarter performance with nearly 12% growth in Adjusted EBITDAre and nearly 16% growth in Adjusted FFO per share compared to the same period in 2024, but has tempered its outlook for the remainder of the year due to macroeconomic uncertainty [3][4][16]. Financial Performance - Net income attributable to common stockholders for Q1 2025 was $15.6 million, an increase of 82.6% from $8.5 million in Q1 2024 [4][29]. - Adjusted EBITDAre for Q1 2025 was $72.9 million, up 11.8% from $65.3 million in Q1 2024 [4][46]. - Adjusted FFO for Q1 2025 was $52.1 million, a 14.4% increase from $45.5 million in Q1 2024 [4][46]. - Same-Property RevPAR increased by 6.3% to $188.73 in Q1 2025 compared to $177.50 in Q1 2024 [4][5]. Portfolio and Transactions - The company completed two significant transactions: acquired land at Hyatt Regency Santa Clara for $25 million and sold Fairmont Dallas for $111 million [3][10][11]. - The acquisition of the land improves flexibility and reduces potential future rent escalations, while the sale of Fairmont Dallas avoided costly renovations [3][10][11]. Capital Expenditures and Dividends - Capital expenditures for Q1 2025 totaled $32.4 million, primarily for renovations at Grand Hyatt Scottsdale Resort [12][15]. - The company increased its quarterly dividend by 17% to $0.14 per share for Q1 2025 [5][9]. Liquidity and Balance Sheet - As of March 31, 2025, total outstanding debt was approximately $1.4 billion with a weighted-average interest rate of 5.67% [7][8]. - The company had total liquidity of approximately $613 million, including $113 million in cash and cash equivalents [7][8]. Full Year 2025 Outlook - The company updated its full-year 2025 guidance, projecting net income between $43 million and $69 million and Adjusted FFO per diluted share between $1.50 and $1.75 [16][17]. - Same-Property RevPAR change is expected to be between 2.5% and 6.5% compared to 2024 [16][17].

Group 1 - The article discusses Xenia Hotels & Resorts (NYSE: XHR) and the author's previous coverage of the company, indicating a gap in recent analysis [1] - The author expresses a focus on building a financial portfolio aimed at achieving financial independence, with a particular interest in dividend stocks for steady income [1] Group 2 - There is no mention of any stock, option, or derivative positions in Xenia Hotels & Resorts or any plans to initiate such positions in the near future [2] - The article reflects the author's personal opinions and does not involve compensation from any company mentioned [2]