Xenia Hotels Q4 net income down 78% to $7.6M; raises dividend 20% to $0.12

Xenia Hotels & Resorts, Inc.

2023-FY EPS reported $0.17 revenue$1,025,443,000

Net income Q4 $7.6M ($0.07/sh), down 78.4% YoY; Adjusted FFO $0.41/sh flat.
Same-Property RevPAR Q4 $157.69 (-3.4%); ex-Scottsdale renovation, +1.2%.
Full year 2023: net income $19.1M ($0.17/sh); Adjusted EBITDAre $251.7M (-2.0%).
Increased Q1 2024 dividend 20% to $0.12/sh (~3.7% annual yield); repurchased $132.7M shares in 2023.
Entered new $675M credit facility in Q1 2023; Hyatt Scottsdale ongoing renovation to Grand Hyatt.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Xenia Hotels & Resorts, Inc. reported the quarter and year ended December 31, 2023 results: net income Net income attributable to common stockholders was $19.1 million, or $0.17 per share, EPS $0.17 per share.

Period: the quarter and year ended December 31, 2023
Net income: Net income attributable to common stockholders was $19.1 million, or $0.17 per share
EPS: $0.17 per share
Result: reported results

Exact text from the filing

On February 27, 2024, Xenia Hotels & Resorts, Inc. (the “Company”) issued a press release announcing its results for the quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001616000-24-000020

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