earnings
confidence high
sentiment negative
materiality 0.75
Xenia Hotels posts Q3 net loss of $8.5M; cuts full-year outlook on moderating leisure demand
Xenia Hotels & Resorts, Inc.
2023-Q3 EPS reported
$0.10
revenue$772,063,000
- Net loss attributable to common stockholders $8.5M ($0.08 per share) vs. net loss $1.7M a year ago.
- Adjusted EBITDAre $46.3M, down 13.9% YoY; Adjusted FFO per diluted share $0.26, down $0.05.
- Same-Property RevPAR $158.48 (+0.4% YoY); occupancy up 70 bps to 63.8%.
- Repurchased 2.1M shares at $12.09 avg; retired $5.3M of 6.375% Senior Notes due 2025.
- Revised full-year guidance lower; preliminary October RevPAR estimated $191, down 2.3% YoY.