earnings
confidence high
sentiment negative
materiality 0.75
Xenia Hotels Q2 net income $0.12/share; Adj FFO $0.47; RevPAR -2%
Xenia Hotels & Resorts, Inc.
2023-Q2 EPS reported
$0.18
revenue$540,039,000
- Net income $13.8M ($0.12/share), down 50% YoY; Adjusted EBITDAre $74.7M, -15.7%.
- Same-Property RevPAR $182.49 (-2.0% YoY) on occupancy 68.6% and ADR $265.98 (-1.8%).
- Same-Property Hotel EBITDA margin 29.3%, down 423 bps from 33.5% in Q2 2022.
- Repurchased 2.5M shares at $12.58 avg for $31.9M; retired $30M of 6.375% Notes.
- Declared Q2 dividend $0.10/share; all debt now fixed or hedged-to-fixed.