Xenia Q1 net income $8.5M, Adj EBITDAre $65.3M; RevPAR excl. renovation up 3.7%

Xenia Hotels & Resorts, Inc.

2024-Q1 EPS reported $0.08 revenue$267,488,000

Net income $8.5M ($0.08/share), up 35.9% YoY; Adj FFO per diluted share $0.44, up 10%.
Same-Property RevPAR $176.86 (-1.5% YoY); excluding Hyatt Regency Scottsdale renovation, RevPAR grew 3.7%.
Adjusted EBITDAre $65.3M, down 8.5% YoY; company maintains midpoint of full-year Adj EBITDAre guidance.
Repurchased 468,107 shares at avg $13.51 for $6.3M; declared Q1 dividend $0.12/share.
CEO cites strong group demand recovery, stabilizing leisure; Grand Hyatt Scottsdale renovation on track.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Xenia Hotels & Resorts, Inc. reported the quarter ended March 31, 2024 results: net income $8.5 million, or $0.08 per share, EPS $0.08 per share.

Period: the quarter ended March 31, 2024
Net income: $8.5 million, or $0.08 per share
EPS: $0.08 per share
Result: reported results

Exact text from the filing

Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001616000-24-000040

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