Key Takeaways Hilton is set to report Q2 EPS of $2.03, up 6.3% year over year, on revenues projected at $3.06 billion. Fee growth, new luxury openings and global brand momentum may lift Q2 performance. Cost inflation, FX pressure and softer leisure travel could weigh on HLT's Q2 results.Hilton Worldwide Holdings Inc. (HLT) is scheduled to report second-quarter 2025 results on July 23, before the opening bell.HLT’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the averag ...

Core Insights - Hilton Worldwide Holdings Inc. has opened its 1,000th luxury and lifestyle hotel globally, marking a significant milestone amid robust growth driven by organic expansion, strategic acquisitions, and brand partnerships [1][8] - The company is focusing on high-margin luxury travel, with nearly 500 additional luxury and lifestyle hotels in the development pipeline, aiming to open over 150 properties in this category by 2025 [2][8] Strategic Brand Initiatives - Hilton has introduced new brands like NoMad and Graduate by Hilton, and formed an exclusive partnership with Small Luxury Hotels of the World (SLH), adding over 100 future luxury and lifestyle hotels to its pipeline in 2025 [3][5] - The NoMad brand plans future openings in Singapore and Detroit, with more than 15 projects globally, while Graduate by Hilton is expanding into U.S. college towns and has international expansion plans [4] Global Expansion - Hilton is aggressively expanding its luxury footprint with upcoming launches including Waldorf Astoria New York and Conrad Athens The Ilisian, among others, aiming to open three luxury and lifestyle hotels per week throughout 2025 [6][8] - The company is also expanding in the Asia-Pacific region, particularly with new Conrad hotels, reflecting growing global demand for upscale offerings [9] Stock Performance - Year to date, Hilton's stock has gained 0.8%, contrasting with a 5.3% decline in the industry, benefiting from strong demand for leisure travel and strategic partnerships [9] - The company has delivered a trailing four-quarter earnings surprise of 30.9% on average, with a year-to-date stock gain of 10.6% [12]

City Office REIT (CIO) Q1 2025 Earnings Call May 02, 2025 11:00 AM ET Company Participants Anthony Maretic - CFO, Secretary & TreasurerJames Farrar - CEO & DirectorCraig Kucera - MD - Equity Research Conference Call Participants Upal Rana - Senior Equity Research Analyst - US REITs Operator Good morning, and welcome to the Citi Office REIT First Quarter twenty twenty five Earnings Conference Call. As a reminder, this conference call is being recorded. It is now my pleasure to introduce you to Tony Maratik, ...

Financial Data and Key Metrics Changes - The company's net operating income (NOI) for the first quarter was $26 million, which is $500,000 higher than the previous quarter, driven by higher revenue and lower operating expenses [15] - Core funds from operations (FFO) were reported at $12.3 million or $0.30 per share, an increase of $600,000 from the previous quarter [15] - Adjusted funds from operations (AFFO) were $6.5 million or $0.16 per share, with no significant impacts from tenant improvements or leasing commissions [16] - Same store cash NOI increased by 4.4% or $1.1 million compared to the first quarter of 2024 [16] Business Line Data and Key Metrics Changes - The company completed 144,000 square feet of new and renewal leasing in the first quarter, with the largest lease being a 34,000 square foot new lease at the Papago Tech property in Phoenix [11] - The Greenwood Boulevard property in Orlando was fully leased to a single tenant, with a new 66,000 square foot tenant set to take occupancy later this year [12] - The overall portfolio occupancy ended the quarter at 84.9%, slightly lower than the previous quarter, with expectations of a decrease in the second quarter due to tenant downsizing [17] Market Data and Key Metrics Changes - Nationally, office leasing volume was 15% higher than a year ago, with JLL estimating that it has returned to approximately 89% of pre-pandemic levels [10] - Higher quality office spaces in Sunbelt markets continue to outperform, with significant leasing activity noted in Phoenix [10][41] Company Strategy and Development Direction - The company is focused on the redevelopment of its City Center property in downtown St. Petersburg, Florida, into a luxury residential condominium and mixed-use tower [5] - An agreement was made with Property Markets Group to lead the development, with expectations of significant long-term value creation [7] - The company is strategically investing in Sunbelt markets, where it sees the most value, while avoiding capital investments in underperforming markets like Portland [40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the overall office real estate fundamentals and the positive trends in leasing activity [10] - The company anticipates occupancy will dip in the short term but expects to recover by year-end as signed leases take occupancy [31] - Management is confident in achieving year-end occupancy within the original guidance range of 85% to 87% [18] Other Important Information - Total debt as of March 31 was $646 million, with a net debt to EBITDA ratio of 6.7 times [18] - The company has approximately $42 million undrawn on its credit facility, which matures in November 2025 [19] - Two property debt maturities are scheduled for 2025, with ongoing discussions for extensions [21] Q&A Session Summary Question: How did the new development project come about? - The project was initiated two years ago, recognizing the strong market in Downtown St. Petersburg, leading to a well-structured agreement with PMG [23][24] Question: What is the timing for the project? - Presales are expected to commence soon, with a projected timeline of about one year for presales and three years for construction, totaling approximately four years for the full project [26] Question: Will there be any disruption to existing tenants during the redevelopment? - Alternative parking arrangements are being made for tenants, and they have been kept informed about the changes [27] Question: What is the pace of occupancy expected this year? - The company has 143,000 square feet of leases that have yet to take occupancy, which will contribute to occupancy levels in the coming quarters [30] Question: Will there be any vacancy at Greenwood Boulevard? - There will be a temporary dip in occupancy due to tenant downsizing, but it is expected to return to 100% occupancy before the end of the year [36] Question: How are the top Sunbelt markets performing, particularly Phoenix? - The company is seeing strong performance in Phoenix, with significant leasing activity contributing to overall positive cash spreads [40][41]