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]

Core Insights - Xenia Hotels & Resorts, Inc. has sold the Fairmont Dallas for $111 million, equating to approximately $203,670 per room, reflecting an 8.6x multiple and a 10.0% capitalization rate based on the property's Hotel EBITDA and Net Operating Income for the twelve months ending February 28, 2025 [1][2] - The sale is part of the company's strategy to enhance portfolio quality and manage capital allocation effectively, especially in light of the property's significant near-term capital needs and the anticipated market impact from the redevelopment of the Dallas Convention Center [2] Financial Metrics - The transaction price metrics exclude an estimated $80 million in near-term capital expenditures [1] - The company expected Fairmont Dallas to generate approximately $8 million in Hotel EBITDA for the remainder of 2025 [1] - The unlevered Internal Rate of Return (IRR) during the company's ownership of the property was 11.3% [2] Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered Real Estate Investment Trust (REIT) focused on luxury and upper upscale hotels and resorts in the top 25 lodging markets and key leisure destinations in the U.S. [3] - The company owns 30 hotels with a total of 8,868 rooms across 14 states, operating under well-known brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [3]

Group 1 - Xenia Hotels & Resorts (XHR) shares increased by 14.3% to $10.54, following a significant trading volume, contrasting with a 28.4% decline over the past four weeks [1] - The rise in investor optimism is linked to President Trump's announcement of a 90-day pause on reciprocal tariffs for most countries [1] - The company is expected to report quarterly funds from operations (FFO) of $0.42 per share, reflecting a year-over-year decrease of 4.6%, while revenues are projected to be $270.96 million, an increase of 1.3% from the previous year [2] Group 2 - Recent trends indicate that revisions in FFO per share estimates are closely correlated with short-term stock price movements [3] - For Xenia Hotels & Resorts, the consensus FFO per share estimate has been revised down by 2.2% over the last 30 days, which typically does not lead to price appreciation [4] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [5] Group 3 - Ryman Hospitality Properties (RHP), another company in the same industry, saw its shares rise by 10.7% to $87.25, despite a -19.2% return over the past month [5] - RHP's consensus FFO per share estimate has decreased by 1.5% to $1.79, representing an 11.9% increase compared to the previous year [6] - Ryman Hospitality Properties currently has a Zacks Rank of 4 (Sell), suggesting a negative outlook [6]

ORLANDO, Fla., March 21, 2025 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") will report financial results for the first quarter 2025 before the market opens on Friday, May 2, 2025. Management will discuss the Company's results during a conference call at 1:00 pm (Eastern Time) that day.To participate in the conference call, please follow the steps listed below:Friday, May 2, 2025, dial (833) 470-1428 approximately ten minutes before the call begins, access code 145868.T ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Kindly note that our content on Seeking Alpha and other platforms doesn't constitute financial advice ...

Financial Data and Key Metrics Changes - The company reported a net loss of $638,000 for Q4 2024, with adjusted EBITDAre at $59.2 million and adjusted FFO per share at $0.39, slightly exceeding the midpoint of previous guidance [5][7] - For the full year 2024, net income was $16.1 million, adjusted EBITDAre was $237.1 million, and adjusted FFO per share was $1.59 [7][8] - Same property RevPAR increased by 1.6% in 2024, significantly impacted by the Grand Hyatt Scottsdale renovation [8][9] Business Line Data and Key Metrics Changes - Same property hotel EBITDA for Q4 2024 was $62.9 million, a decrease of 0.6% compared to Q4 2023, with a margin erosion of 120 basis points [6][31] - Excluding Grand Hyatt Scottsdale, Q4 same property hotel EBITDA was flat compared to last year, reflecting a 68 basis point decline in margin [6][31] - For the full year, same property hotel EBITDA was $255.4 million, down 5.5% from 2023, with margins decreasing by 189 basis points [9][31] Market Data and Key Metrics Changes - The company experienced double-digit RevPAR growth in several markets during Q4 2024, including Nashville, Santa Barbara, and Pittsburgh [6][8] - The group segment saw a 5% increase in same property group room revenues for the full year, excluding Grand Hyatt Scottsdale [10][30] - Corporate transient demand showed improvement, particularly in mid-week occupancy, although leisure demand moderated [11][12] Company Strategy and Development Direction - The company is focused on improving its portfolio through capital expenditures aimed at driving strong returns on investment and selective property dispositions [19][20] - The completion of the Grand Hyatt Scottsdale renovation is expected to significantly enhance cash flow and competitive positioning [4][37] - The company anticipates a slight increase in capital expenditures for 2025, primarily due to ongoing projects [13][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth prospects for 2025, despite economic uncertainties, citing strong group bookings and the completion of the Scottsdale renovation [16][67] - The company expects same property RevPAR to grow by 5% in 2025, with adjusted EBITDAre increasing by 7% and adjusted FFO per share rising by 3.5% [52][66] - Management highlighted the importance of group demand and business transient recovery in driving future revenue growth [53][56] Other Important Information - The company repurchased over 500,000 shares of common stock in Q4 2024, with a total of about 1.1 million shares repurchased throughout the year [49] - A first-quarter dividend of $0.14 per share is expected, up from $0.12 per share in the previous quarter, reflecting a yield of over 4% [50] Q&A Session Summary Question: Can you help unpack the RevPAR guidance? - Management acknowledged strong group pace but noted economic uncertainty affecting other segments, leading to a cautious outlook on RevPAR growth [70][72] Question: What is the expected EBITDA contribution from Scottsdale in 2025? - Management expects Scottsdale to generate low twenties in EBITDA for 2025, with stabilization anticipated in about three years [76][82] Question: Can you expand on the softening group business outside urban areas? - Management identified Orlando and Park Hyatt Aviara as markets experiencing softening group demand but expects a return to normalized business in 2025 [88][90] Question: What is the outlook for the W Nashville EBITDA? - Management indicated that 2024 was a transitional year, with expectations for improved group business and a better mix in 2025 [105][107] Question: What markets are expected to drive above-average RevPAR growth in 2025? - Management highlighted Houston, Orlando, and Nashville as key markets for above-average RevPAR growth, driven by strong group components [111][113]

Interest Rate Risk Management - Xenia Hotels & Resorts, Inc. is subject to market risks associated with changes in interest rates, with a potential impact of approximately $0.1 million on future earnings and cash flows for a 1% change in variable rate debt [431]. - As of December 31, 2023, all variable rate debt was fixed by interest rate swaps, mitigating the impact of interest rate fluctuations until mid-February 2025 [431]. - 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 [433]. - The company monitors interest rate risk using various techniques, including cash flow sensitivity analysis and evaluating refinancing opportunities for near-term maturing loans [433]. - Xenia's interest rate risk management objectives include limiting the impact of interest rate changes on earnings and cash flows while lowering overall borrowing costs [431]. Operational Risks - The company relies on third-party hotel management companies for operations, which introduces operational risks [14]. - Economic uncertainties and inflation could adversely affect demand for hotel services and reduce operating profit margins [13]. - The lodging industry is subject to seasonal and cyclical volatility, impacting occupancy and average daily rates (ADR) [13]. - The company faces risks from supply chain disruptions affecting the sourcing of furniture and equipment necessary for hotel operations [13]. Financial Performance and Debt - Future performance projections are inherently uncertain and subject to various risks, including changes in consumer preferences and competitive environment [15]. - As of December 31, 2024, total debt outstanding is $1,349.278 million with a fair value of $1,314.837 million [436]. - Fixed rate debt amounts to $1,061.198 million, with a weighted-average interest rate of 5.49% [436]. - Variable rate debt totals $278.080 million, with a weighted-average interest rate of 5.69% [436]. - The revolving credit facility is $10 million, with a weighted-average interest rate of 6.39% [436]. - The fixed rate debt maturing in 2025 is $4.431 million, while the amount maturing in 2026 is $55.381 million [436]. - The total fixed rate debt maturing in 2029 is $500 million, and thereafter is $400 million [436]. - The weighted-average interest rate on fixed rate debt maturing in 2029 is 4.88% [436]. - The weighted-average interest rate on variable rate debt maturing in 2027 is 5.72% [436]. - The debt maturity excludes net mortgage loan discounts, premiums, and unamortized deferred loan costs of $14.6 million [437]. - All fixed rate debt and variable rate debt swapped to fixed rates are included in the total debt figures [437].

For the quarter ended December 2024, Xenia Hotels & Resorts (XHR) reported revenue of $261.85 million, up 3.3% over the same period last year. EPS came in at $0.39, compared to $0.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $257.63 million, representing a surprise of +1.64%. The company delivered an EPS surprise of +2.63%, with the consensus EPS estimate being $0.38.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

Core Viewpoint - Xenia Hotels & Resorts reported quarterly funds from operations (FFO) of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, but down from $0.41 per share a year ago [1][2]. Financial Performance - The FFO surprise for the quarter was 2.63%, with the company having surpassed consensus FFO estimates three times over the last four quarters [2]. - Revenues for the quarter ended December 2024 were $261.85 million, surpassing the Zacks Consensus Estimate by 1.64% and up from $253.38 million year-over-year [3]. Market Performance - Xenia Hotels & Resorts shares have declined approximately 6.1% since the beginning of the year, while the S&P 500 has gained 1.7% [4]. - The current consensus FFO estimate for the upcoming quarter is $0.48 on revenues of $275.81 million, and for the current fiscal year, it is $1.71 on revenues of $1.08 billion [8]. Industry Outlook - The REIT and Equity Trust - Other industry is currently ranked in the bottom 46% of over 250 Zacks industries, indicating potential challenges for stock performance [9].