Financial Data and Key Metrics Changes - For Q4 2025, the company reported a net loss attributable to common stockholders of $46 million, or $0.67 per diluted share, and an AFFO per diluted share of -$0.02 [13] - For the full year 2025, the net loss attributable to common stockholders was $72.7 million, or $1.07 per diluted share, with an AFFO per diluted share of $0.28 [13] - Adjusted EBITDAre for Q4 was $28.8 million, while for the full year it was $147 million [13] - Total assets at quarter end were $1.9 billion, with $1.1 billion in loans and a blended average interest rate of 6.7% [13][14] Business Line Data and Key Metrics Changes - Comparable total revenue growth for Q4 was 1.8%, while full-year growth was 2.8% [7][8] - Comparable Hotel EBITDA for Q4 increased by 6%, and for the full year, it grew by 3.1% [8][20] - The resort portfolio reported a comparable RevPAR of $536, a 4.1% increase over the prior year, and comparable Hotel EBITDA of $32.5 million, a 6% increase [10] Market Data and Key Metrics Changes - Comparable hotel RevPAR was flat for Q4, but ADR improved by 5.4% compared to the prior year [19] - Excluding properties under renovation, RevPAR increased by 4.6% and Total RevPAR increased by 6.3% for Q4 [19] - Group room revenue for the full year increased by 7.1%, with Q4 group room revenue up 0.4% [21] Company Strategy and Development Direction - The company has initiated a sale process and engaged financial advisors to explore options for creating shareholder value [6] - Renovations and strategic repositioning of properties, such as the conversion of Cameo Beverly Hills to Hilton's LXR brand, reflect the company's commitment to enhancing guest experiences [12][27] - The company plans to continue redeeming non-traded preferred stock to deleverage its platform and improve cash flow per share [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining operating momentum and delivering strong results despite a challenging hospitality environment [20][28] - The company anticipates continued benefits from recent renovations and strategic initiatives aimed at enhancing profitability [27][28] - Management highlighted the resilience of the diversified portfolio and the effectiveness of targeted sales strategies in capturing group demand [22][23] Other Important Information - The company sold the Clancy hotel in San Francisco for $115 million, which allowed for a significant debt paydown of approximately $65 million [11] - Capital expenditures in 2025 totaled approximately $78 million, with an anticipated spending of $25 million to $35 million in 2026 [27] Q&A Session Summary Question: What is the outlook for the company's sale process? - Management indicated that there is no definitive timetable for the sale process and that it is exploring all options to create shareholder value [6] Question: How are renovations impacting performance? - Renovation activities have significantly impacted portfolio results, with hotels not under renovation showing better RevPAR growth [7][10] Question: What are the expectations for group revenue? - Group room revenue has shown strong growth, particularly at standout properties like the Four Seasons Scottsdale, which achieved significant increases in both revenue and ADR [21][22]

Core Insights - SBM Offshore's net profit attributable to shareholders for the full year 2025 decreased by 25% to $677 million, down from $907 million in 2024 [1] - Directional earnings per share for 2025 was $3.91, a 23% decline compared to $5.08 in the previous year [1] Revenue Performance - Directional revenue for 2025 stood at $5.1 billion, a 17% year-on-year decline from $6.1 billion in 2024, primarily due to lower turnkey activity following a high base year of FPSO asset sales and completions [2] - Directional turnkey revenue fell by 26% to $2.8 billion from $3.7 billion in 2024, reflecting the non-recurrence of FPSO Prosperity and Liza Destiny asset sales in Q4 2024 [2] - Directional Lease and Operate revenue declined 3% to $2.3 billion from $2.4 billion, partially offset by fleet additions of new FPSOs [3] EBITDA Analysis - Directional EBITDA declined 10% to $1.7 billion from $1.9 billion in 2024, primarily due to weakness in the Turnkey segment, where EBITDA fell 23% to $561 million from $724 million [4] - Directional Lease and Operate EBITDA held relatively steady at $1.2 billion, compared to $1.3 billion in 2024, a 2% decrease [4] - On an International Financial Reporting Standards basis, EBITDA rose 78% to $1.9 billion from $1 billion in 2024, reflecting differing accounting treatments of lease contracts [5] Future Outlook - For 2026, SBM Offshore has set a directional revenue guidance baseline of around $6.5 billion, a projected 28% increase from 2025 [6] - Directional EBITDA guidance for 2026 stands at a baseline of approximately $1.8 billion, a 5% improvement from 2025's Directional EBITDA [7] - Three major construction projects are on track and expected to underpin revenue growth in the coming years [7]

Chatham Lodging Trust (NYSE:CLDT) Q4 2025 Earnings call February 25, 2026 10:30 AM ET Company ParticipantsAri Klein - Director of Equity ResearchChris Daly - PresidentDennis M. Craven - EVP and COOJeffrey H. Fisher - Chairman, President, and CEOJeremy Wegner - SVP and CFOConference Call ParticipantsGaurav Mehta - Managing Director and Senior Equity Research AnalystTyler Batory - Executive Director and Senior AnalystOperatorGood morning, ladies and gentlemen, welcome to the Chatham Lodging Trust Fourth Quart ...

Investor Presentation February 2026 Sandblu Santorini, LXR Hotels & Resorts HLT VALUE PROPOSITION Hilton's scale, global presence and leading brands at multiple price points drive a network effect delivering industry-leading performance Owners Leading Brands serving virtually any lodging need anywhere Satisfied, Loyal Customers Premium, Growing Market Share Leading Hotel Supply & Pipeline HLT Financial Performance (a) Source: STR (year ended 12/31/2025). "RevPAR" or "Revenue per Available Room" represents h ...

investors and management to evaluate the period-to-period performance of our hotels and facilitates comparisons with other hotel REITs and hotel owners. In particular, these measures assist management and investors in distinguishing whether increases or decreases in revenues and/or expenses are due to growth or decline of operations at Same-Property hotels or from other factors, such as the effect of acquisitions or dispositions.FFO and Adjusted FFOThe Company calculates FFO in accordance with standards est ...

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I will probably end up paying over $500B in taxes, inclusive of deathThomas Sowell Quotes (@ThomasSowell):Elon Musk: "I am the largest individual taxpayer in history. I've paid over $10B in tax. I thought the IRS might send me a little trophy or something."https://t.co/5FSDkm2sOw ...