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].

Financial Performance - Net loss attributable to common stockholders for Q4 2024 was $0.6 million, or $0.01 per share, compared to a net income of $7.6 million in Q4 2023, representing a 108.4% decline[4] - Adjusted EBITDAre for Q4 2024 was $59.2 million, a decrease of 0.5% compared to Q4 2023[4] - For the full year 2024, net income attributable to common stockholders was $16.1 million, or $0.15 per share, down 15.7% from $19.1 million in 2023[12] - Total revenues for the year ended December 31, 2024, increased to $1,039,047,000, up from $1,025,443,000 in 2023, representing a growth of 1.4%[38] - Net income attributable to common stockholders for the year ended December 31, 2024, was $16,143,000, compared to $19,142,000 in 2023, reflecting a decrease of 15.6%[40] - For the year ended December 31, 2024, net income was $16,870,000, compared to $19,874,000 in 2023, indicating a decline of about 15.1%[59] - Adjusted FFO for the year ended December 31, 2024, was $165,342,000, down from $170,211,000 in 2023, a decrease of approximately 2.5%[66] Occupancy and Revenue Metrics - Same-Property RevPAR increased by 5.1% to $165.92 in Q4 2024, with a notable increase of 3.4% to $168.34 when excluding the Grand Hyatt Scottsdale Resort[4] - Same-Property occupancy for the full year 2024 was 67.4%, an increase of 230 basis points compared to 65.1% in 2023[12] - Same-Property RevPAR rose by 5.1% to $165.92 in Q4 2024 compared to $157.92 in Q4 2023[86] - Total Same-Property revenues for the year ended December 31, 2024, reached $1,033.82 million, a 1.7% increase from $1,016.13 million in 2023[88] - Same-Property Hotel EBITDA for the year ended December 31, 2024, was $255.42 million, down 5.5% from $270.21 million in 2023[86] Dividends and Share Repurchase - The company declared a total of $0.48 in dividends per share for the full year 2024, yielding 3.5% relative to the stock price on December 29, 2023[6] - The Board of Directors increased the quarterly cash dividend by approximately 17% to $0.14 per share for the first quarter of 2025[18] - The company repurchased 1,130,846 shares of common stock at a weighted-average price of $14.02 per share for a total consideration of approximately $15.8 million in 2024[6] - The Company repurchased 515,876 shares of common stock at a weighted-average price of $14.83 per share for a total consideration of approximately $7.6 million in the quarter[17] - The Company has $117.9 million remaining under its share repurchase authorization and $200 million of remaining availability under its ATM program as of December 31, 2024[17] Debt and Financial Position - Total outstanding debt as of December 31, 2024, was approximately $1.3 billion, with a weighted-average interest rate of 5.54%[13] - The company’s total debt as of January 31, 2025, is $1,424.33 million, with a weighted-average interest rate of 5.58%[82] - The company’s total mortgage loans outstanding as of December 31, 2024, amounted to $214.28 million, with a weighted-average interest rate of 4.88%[77] - Total liabilities decreased to $1,551,283,000 as of December 31, 2024, from $1,584,730,000 in 2023, a reduction of 2.1%[36] - Cash and cash equivalents decreased significantly to $78,201,000 in 2024 from $164,725,000 in 2023, a drop of 52.5%[36] Capital Expenditures and Renovations - The company completed significant capital improvement projects, including the renovation and upbranding of the Grand Hyatt Scottsdale, which is expected to drive strong cash flow moving forward[6] - The Company invested $24.4 million in capital expenditures during the quarter and $140.6 million for the full year 2024, with ongoing upgrades planned for 2025[21][22] - The transformative renovation of the Grand Hyatt Scottsdale Resort was completed, including a full renovation of 496 guest rooms and the expansion of the Arizona Ballroom by approximately 12,000 square feet[19][20] - Future renovations planned for 2025 include upgrades to guest rooms and public areas at several properties, with minimal disruption expected[22] Guidance and Projections - The company expects Same-Property RevPAR for Q1 2025 to grow by 7.3% compared to the same period in 2024, indicating positive momentum[7] - The full year 2025 guidance includes a net income range of $9 million to $29 million and a Same-Property RevPAR change of 3.5% to 6.5% compared to 2024[25] - Adjusted FFO per diluted share is projected to be between $1.55 and $1.74 for the full year 2025[25] - The guidance for full year 2025 indicates a net income of $19 million and Adjusted EBITDAre of $254 million[70] - Interest expense for the full year 2025 guidance is projected at $85 million[70] - Depreciation and amortization for the full year 2025 guidance is estimated at $133 million[70] Other Financial Metrics - Total hotel operating expenses for the year ended December 31, 2024, were $730,414,000, compared to $703,770,000 in 2023, an increase of 3.8%[38] - The company reported a loss of $777,000 for the three months ended December 31, 2024, compared to a profit of $7,794,000 in the same period of 2023[39] - Basic and diluted net income (loss) per share for the year ended December 31, 2024, was $0.15, down from $0.17 in 2023, a decrease of 11.8%[40] - The company’s total equity decreased to $1,280,333,000 as of December 31, 2024, from $1,317,497,000 in 2023, a decline of 2.8%[36] - Adjusted FFO for the three months ended December 31, 2024, was $40,030,000, compared to $44,045,000 in 2023, reflecting a decrease of approximately 9.1%[62] - Same-Property Hotel EBITDA for the three months ended December 31, 2024, was $62,932,000, slightly down from $63,341,000 in 2023[55] - The company reported a Same-Property Hotel EBITDA Margin of 24.0% for Q4 2024, a decrease of 120 basis points from 25.2% in Q4 2023[86]

Core Insights - Xenia Hotels & Resorts, Inc. reported a challenging year in 2024 but ended with positive momentum in the fourth quarter, driven by portfolio performance and completion of significant capital improvement projects [4][6] - The company experienced a 5.1% increase in Same-Property RevPAR in Q4 2024 compared to the previous year, with notable growth in various markets [4][5] - The Grand Hyatt Scottsdale Resort underwent a transformative renovation, which is expected to deliver meaningful returns as it becomes fully operational [4][19] Fourth Quarter 2024 Highlights - Net loss attributable to common stockholders was $0.6 million, or $0.01 per share [5] - Adjusted EBITDAre for Q4 2024 was $59.2 million, a decrease of 0.5% compared to Q4 2023 [5] - Same-Property Occupancy increased to 64.4%, up 250 basis points from Q4 2023 [5] - Same-Property RevPAR reached $165.92, a 5.1% increase from Q4 2023 [5][7] Full Year 2024 Highlights - Net income attributable to common stockholders was $16.1 million, or $0.15 per share, down 15.7% from 2023 [10] - Adjusted FFO per diluted share increased by 3.2% to $1.59 compared to 2023 [11] - Same-Property RevPAR for the full year was $172.47, a 1.6% increase from 2023 [11] Capital and Financing Activities - The company upsized and extended its corporate credit facility to $825 million, maturing in November 2028 [14][15] - Issued $400 million of 6.625% Senior Notes maturing in May 2030, used to repay existing debt [16] - Repurchased 515,876 shares of common stock in Q4 2024 at an average price of $14.83 per share [17] Renovation and Capital Expenditures - Invested $24.4 million in capital improvements during Q4 2024 and $140.6 million for the full year [20] - Completed major renovations at Grand Hyatt Scottsdale, including guest rooms and public spaces, with some components expected to finish in 2025 [19][24] 2025 Outlook and Guidance - The company anticipates Same-Property RevPAR growth of 3.5% to 6.5% for 2025 [22][23] - Full year 2025 guidance includes Adjusted EBITDAre between $244 million and $264 million [23] - Capital expenditures for 2025 are projected to be between $100 million and $110 million [23]

Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered 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 [2] - The company owns 31 hotels comprising 9,408 rooms across 14 states, with properties operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [2] Upcoming Events - The 2025 Annual Meeting of Stockholders is scheduled to be held in Orlando, Florida on May 13, 2025 [1] - March 21, 2025, has been established as the record date for determining stockholders entitled to vote at the 2025 Annual Stockholders Meeting [1]

Core Viewpoint - Xenia Hotels & Resorts (XHR) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook driven by an upward trend in earnings estimates [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often base their valuation models on earnings estimates, leading to significant buying or selling activity that affects stock prices [4]. Company Performance Indicators - For the fiscal year ending December 2024, Xenia Hotels & Resorts is expected to earn $1.59 per share, reflecting a 3.3% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Xenia Hotels & Resorts has increased by 0.6%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - The upgrade of Xenia Hotels & Resorts to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered 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 [3] - The company owns 31 hotels comprising 9,408 rooms across 14 states, with properties operated and/or licensed by leading industry brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [3] Anniversary Celebration - Xenia announced the celebration of its 10th anniversary of listing on the New York Stock Exchange by ringing The Closing Bell [1] - The CEO, Marcel Verbaas, highlighted the achievement as a testament to the hard work and dedication of the team, emphasizing the company's ability to identify and embrace opportunities despite challenges in the lodging industry [2] - The company has improved its portfolio quality, brand and geographic diversification, and maintains a strong balance sheet, positioning itself well for future strategic objectives [2]

Core Viewpoint - Xenia Hotels & Resorts, Inc. is set to report its financial results for the fourth quarter and full year of 2024 on February 25, 2025, before market opening, followed by a conference call to discuss the results [1]. 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, primarily in the top 25 lodging markets and key leisure destinations in the United States [4]. - The company owns a total of 31 hotels, which comprise 9,408 rooms across 14 states, and its properties are operated and/or licensed by leading industry brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [4]. Conference Call Details - The conference call for discussing the financial results will take place at 11:00 am (Eastern Time) on February 25, 2025, with participation instructions provided for interested parties [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 post-call [3].

Group 1 - The Board of Directors of Xenia Hotels & Resorts, Inc. has authorized a cash dividend of $0.12 per share for the fourth quarter of 2024 [1] - The dividend will be paid on January 15, 2025, to all holders of record as of December 31, 2024 [1] Group 2 - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT focused on luxury and upper upscale hotels and resorts [2] - The company owns 31 hotels with a total of 9,408 rooms across 14 states in the United States [2] - Xenia's hotels are operated and/or licensed by leading industry brands such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection [2]

Core Viewpoint - Xenia Hotels & Resorts, Inc. has successfully priced an offering of $400 million in senior notes with a fixed interest rate of 6.625%, maturing in 2030, to refinance existing debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering was upsized from an initially announced amount of $365 million [2]. - The senior notes will pay interest semi-annually and are set to mature on May 15, 2030 [1]. - The notes will be fully guaranteed by Xenia and certain subsidiaries, and will not be registered under the Securities Act [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to redeem outstanding 6.375% senior notes due 2025, cover fees and expenses related to the offering, and for general corporate purposes [2]. Group 3: Company Overview - Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT focused on luxury and upper upscale hotels, owning 31 properties with a total of 9,408 rooms across 14 states [4]. - The company primarily operates hotels under well-known brands such as Marriott, Hyatt, and Hilton [4].