Xenia Hotels & Resorts Reports Fourth Quarter and Full Year 2025 Results

Core Insights - Xenia Hotels & Resorts reported strong financial results for the fourth quarter and full year 2025, highlighting significant growth in key performance metrics and successful capital market activities [1][2][3] Fourth Quarter 2025 Highlights - The company repurchased 2,697,110 shares at an average price of $13.56, totaling approximately $36.6 million [1] - Declared a fourth quarter dividend of $0.14 per share for stockholders of record on December 31, 2025 [1] - Same-Property Hotel EBITDA Margin increased to 25.9%, up 214 basis points from Q4 2024 [1] - Same-Property Hotel EBITDA reached $68.8 million, a 16.3% increase from Q4 2024 [1] - Same-Property Total RevPAR was $325.52, up 6.7% compared to Q4 2024 [1] - Same-Property RevPAR increased to $176.45, a 4.5% rise from Q4 2024 [1] - Adjusted FFO per Diluted Share was $0.45, a 15.4% increase from Q4 2024 [1] Full Year 2025 Highlights - The company repurchased 9,353,816 shares at an average price of $12.87, totaling approximately $120.4 million [1] - Declared total dividends of $0.56 per share for the year [1] - Acquired land for Hyatt Regency Santa Clara for $25 million and sold Fairmont Dallas for $111 million [1] - Same-Property Hotel EBITDA Margin increased to 25.8%, up 129 basis points from 2024 [1] - Same-Property Hotel EBITDA was $274.3 million, a 13.5% increase from 2024 [1] - Same-Property Total RevPAR increased to $328.57, up 8.0% from 2024 [1] - Adjusted FFO per Diluted Share was $1.76, a 10.7% increase from 2024 [1] Operating Results - Net income attributable to common stockholders for Q4 2025 was $6.1 million, or $0.07 per share, compared to a loss of $0.01 per share in Q4 2024 [2] - Total revenues for Q4 2025 were $265.6 million, compared to $261.8 million in Q4 2024 [5] - The company had total outstanding debt of approximately $1.4 billion with a weighted-average interest rate of 5.51% as of December 31, 2025 [2] Capital Markets Activity - The company has $97.5 million remaining under its share repurchase authorization [2] - No shares were issued through the At-The-Market program in the quarter, with $200 million of remaining availability as of December 31, 2025 [2] Capital Expenditures - Invested $15.9 million in portfolio improvements during Q4 2025 and $86.6 million for the full year [3] - Significant projects included renovations at Grand Hyatt Scottsdale and food & beverage facility reconcepting at W Nashville [3] 2026 Outlook and Guidance - The company provided guidance for 2026, estimating Same-Property RevPAR change between 1.5% and 4.5% compared to 2025 [3] - Adjusted EBITDAre is projected to be between $250 million and $270 million [3] - Capital expenditures are expected to range from $70 million to $80 million [3]