earnings
confidence high
sentiment positive
materiality 0.80
Xenia Hotels reports Q2 net income of $27.6M; same-property RevPAR exceeds 2019 by 2%
Xenia Hotels & Resorts, Inc.
2022-Q2 EPS reported
$0.19
revenue$493,798,000
- Net income $27.6M ($0.24/sh) vs loss of $42M in Q2 2021; adjusted FFO $0.57/sh vs $0.08.
- Same-property RevPAR $186.75, up 64.4% YoY and 2.0% vs Q2 2019; occupancy 69.8%.
- Same-property Hotel EBITDA $86.5M, up 15% vs Q2 2019; margin 33.5%, up 365 bps vs Q2 2019.
- July same-property RevPAR ~$157, 4% below July 2019; ADR up 18% vs July 2019.
- Exited covenant waiver period; met modified financial covenants for Q2 2022.