DiamondRock Hospitality: Solid Q2 Performance, Strategic Share Repurchases Signal Long-Term Potential

shunyufan/iStock via Getty Images Introduction/Earnings DiamondRock Hospitality Company (NYSE:DRH) is a hotel REIT with a portfolio of 36 hotels and resorts located in the U.S. They announced their second quarter FY2024 results on August 1st, reporting a double beat on both FFO per share and revenue. Revenue increased to $309.3mn for the quarter, which represented a 4.8% increase YoY and beat consensus estimates by 2.4%. FFO per share beat by $0.02 coming in at $0.34 for the quarter. Revenue per available r ...