Xenia Hotels & Resorts (XHR) came out with quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to FFO of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -13.79%. A quarter ago, it was expected that this real estate investment trust that owns hotels would post FFO of $0.49 per share when it actually produced FFO of $0.52, delivering a surprise of 6.12 ...

Date: November 6, 2024 XENIA HOTELS & RESORTS REPORTS THIRD QUARTER 2024 RESULTS Orlando, FL – November 6, 2024 – Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights • Net Loss: Net loss attributable to common stockholders was $7.1 million, or $0.07 per share • Adjusted EBITDAre: $44.3 million, decreased 4.4% compared to the third quarter of 2023 • Adjusted FFO per Diluted Share: $0.25, decreased ...

ORLANDO, Fla., Nov. 6, 2024 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended September 30, 2024.Third Quarter 2024 Highlights Net Loss: Net loss attributable to common stockholders was $7.1 million, or $0.07 per share Adjusted EBITDAre: $44.3 million, decreased 4.4% compared to the third quarter of 2023 Adjusted FFO per Diluted Share: $0.25, decreased 3.8% compared to the third quarter of 2023 Same-Property Occupancy: 67.0%, in ...

ORLANDO, Fla., Sept. 16, 2024 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that its Board of Directors authorized a cash dividend of $0.12 per share of the Company's common stock for the third quarter 2024. The dividend will be paid on October 15, 2024 to all holders of record of the Company's common stock as of the close of business on September 30, 2024. About Xenia Hotels & Resorts, Inc. Xenia Hotels & Resorts, Inc. is a self-advised and self-adminis ...

Core Viewpoint - Xenia Hotels & Resorts, Inc. will report its financial results for the third quarter of 2024 on November 6, 2024, with a conference call scheduled for November 7, 2024, to discuss these results [1][2]. Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered Real Estate Investment Trust (REIT) that focuses on investing in 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 31 hotels with a total of 9,408 rooms across 14 states, operating under well-known brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [4]. Conference Call Details - The conference call for discussing the third quarter results will take place on November 7, 2024, at 11:00 am (Eastern Time), with participation instructions provided [1][2]. - A live webcast of the earnings call will be available on the company's website, and a replay will be accessible for 90 days [3].

Thomas Barwick Xenia Hotels & Resorts (NYSE:XHR) or Xenia is a self-administered REIT operating luxury and upscale hotels and resorts across the US. It owns 31 hotels comprising 9,408 rooms across 14 states. Some brands it operates under include Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton and The Kessler Collection. Incremental growth continues to be its theme at Xenia. The company continues to upgrade its hotels and make strategic acquisitions that overall will boost its profit margins. The company i ...

Xenia Hotels & Resorts (XHR) reported $272.9 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.7%. EPS of $0.52 for the same period compares to $0.12 a year ago. The reported revenue represents a surprise of -0.89% over the Zacks Consensus Estimate of $275.36 million. With the consensus EPS estimate being $0.49, the EPS surprise was +6.12%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Xenia Hotels & Resorts (XHR) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 6.12%. 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 $0.44, delivering a surprise of 15.79 ...

Core Insights - Xenia Hotels & Resorts, Inc. reported a net income of $15.3 million for Q2 2024, representing an increase of 11.2% compared to the same quarter in 2023, with earnings per share rising to $0.15 [2][5] - Adjusted EBITDAre for Q2 2024 was $68.4 million, a decrease of 8.4% year-over-year, while Adjusted FFO per diluted share increased by 10.6% to $0.52 [2][3] - The company experienced a same-property occupancy rate of 71.0%, up 240 basis points from Q2 2023, while same-property RevPAR increased by 1.8% to $185.69 [2][5] Financial Performance - Year-to-date net income attributable to common stockholders reached $23.9 million, or $0.23 per share, an 18.9% increase compared to the same period in 2023 [3][10] - Same-property average daily rate (ADR) decreased by 2.6% to $261.95, while same-property RevPAR showed a slight increase of 0.1% to $181.28 [3][10] - Total revenues for Q2 2024 were $272.9 million, slightly up from $271.1 million in Q2 2023, with room revenues increasing to $160.8 million [27] Capital and Renovation Activities - The company repurchased 468,107 shares at an average price of $13.51, totaling approximately $6.3 million [3] - A transformative renovation of the Hyatt Regency Scottsdale Resort & Spa is ongoing, with significant components expected to be completed by the end of Q3 2024 [4][15] - The company sold the 107-room Lorien Hotel & Spa for $30 million, utilizing proceeds for general corporate purposes [11] Liquidity and Balance Sheet - As of June 30, 2024, total outstanding debt was approximately $1.4 billion, with a weighted-average interest rate of 5.50% [12][13] - The company had total liquidity of approximately $594 million, including $144 million in cash and cash equivalents [12] - There are no debt maturities until August 2025, and the company maintains full availability on its revolving line of credit [13] Guidance and Outlook - The company has updated its full-year 2024 guidance, projecting Adjusted EBITDAre between $243 million and $255 million, reflecting macroeconomic uncertainties [18][19] - Current same-property RevPAR change is expected to be between 2.00% and 4.00% compared to 2023 [19] - The company anticipates that renovations will negatively impact Adjusted EBITDAre and Adjusted FFO by approximately $17 million [19]

ORLANDO, Fla., July 9, 2024 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has completed the disposition of the 107-room Lorien Hotel & Spa in Alexandria, VA, for $30 million, or approximately $280,000 per key. The sale price represents a 21.3x multiple and a 3.1% capitalization rate on Hotel EBITDA and Net Operating Income for the trailing twelve months ended May 31, 2024, respectively. For additional information or to receive press releases via email ...