earnings
confidence high
sentiment neutral
materiality 0.60
Xenia Hotels Q2 net income $15.3M, adjusted FFO per share $0.52, RevPAR up 1.8%
Xenia Hotels & Resorts, Inc.
2024-Q2 EPS reported
$0.23
revenue$540,392,000
- Net income $15.3M ($0.15/share), up 11.2% YoY; Adjusted EBITDAre $68.4M, down 8.4%.
- Same-Property RevPAR $185.69 (+1.8% YoY); occupancy +240bps to 71.0%, ADR -1.7% to $261.53.
- Excluding Hyatt Regency Scottsdale renovation, Same-Property RevPAR grew 5.0% and Hotel EBITDA +1.2%.
- Adjusted FFO per diluted share $0.52, up 10.6% YoY; quarterly dividend declared $0.12 per share.
- Lowered full-year Adjusted EBITDAre guidance midpoint due to softer leisure demand and expense pressure.