DiamondRock Q3 net income $26.6M, RevPAR +2.8%; narrows FY RevPAR guidance to 1.5-2.0%

DiamondRock Hospitality Co

2024-Q3 EPS reported $0.25 revenue$850,832,000

Net income $26.6M ($0.11 EPS); RevPAR $214.44 (+2.8% YoY); Hotel Adj. EBITDA $82.3M (+2.2% YoY).
Adjusted FFO $0.26/sh flat YoY; repurchased 0.7M sh at ~$8.14 for $5.4M in Q3.
Repaid $73.3M mortgage on Courtyard NY Midtown East; extended $300M term loan to Jan 2026.
FY RevPAR growth guidance narrowed to 1.5%-2.0%; Adj. EBITDA midpoint reiterated, FFO/sh midpoint raised.
Hurricanes Helene/Milton caused ~35bps drag on Q3 RevPAR growth; no property damage.

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