earnings
confidence high
sentiment positive
materiality 0.85
DiamondRock Q2 net income $90.5M, EPS $0.44; raises dividend 22% and full-year guidance
DiamondRock Hospitality Co
- Net income $90.5M ($0.44 diluted EPS), up 135.7% YoY; Adjusted FFO per share $0.44, up 25.7%.
- Comparable RevPAR $240.79 (+7.0% YoY); Comparable Hotel Adjusted EBITDA margin 35.76% (+457 bps).
- Property tax settlements in Chicago contributed $6.9M to Comparable Hotel Adjusted EBITDA.
- Quarterly dividend raised 22% to $0.11 per share; full-year guidance increased.
- Sold Courtyard New York Manhattan/Fifth Avenue for $33M on May 1, 2026.