DiamondRock Q2 2024: Adj. FFO $0.34, RevPAR up 2.2%, raises FY guidance

DiamondRock Hospitality Co

2024-Q2 EPS reported $0.13 revenue$565,703,000

Net income $24.6M ($0.10/diluted); comparable total revenues $309.3M (+4.8% YoY).
Comparable Hotel Adj. EBITDA $99.5M (+5.5%); Adj. FFO $0.34/diluted.
Raised FY2024 Adj. FFO guidance to $0.95-$1.00/share; Adj. EBITDA to $278M-$290M.
Repurchased 2.5M shares at $8.39 avg in Q2; YTD 2.8M shares for ~$23.5M.
Completed rebranding of Hilton Burlington to Hotel Champlain Burlington, Curio Collection.

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