Xenia Earnings Reports

Xenia Hotels & Resorts reported a net loss of $0.6 million for Q4 2024. Same-Property RevPAR increased by 5.1%, and Same-Property Occupancy rose by 250 basis points. Adjusted FFO per Diluted Share decreased by 4.9% compared to the fourth quarter of 2023.

Xenia Hotels & Resorts reported a net loss of $7.1 million for the third quarter of 2024. Adjusted EBITDAre decreased by 4.4% compared to the same quarter in 2023, and Adjusted FFO per Diluted Share decreased by 3.8%. Same-Property RevPAR increased by 1.5%, while Same-Property Hotel EBITDA decreased by 6.3%.

Xenia Hotels & Resorts reported a net income of $15.3 million, or $0.15 per share. Same-Property RevPAR increased by 1.8%, and Adjusted FFO per Diluted Share increased by 10.6% compared to the second quarter of 2023. The company updated its full year 2024 outlook, reflecting macroeconomic uncertainty.

Xenia Hotels & Resorts reported a net income of $8.5 million for Q1 2024, an increase compared to Q1 2023. However, Adjusted EBITDAre decreased by 8.5%. Same-Property RevPAR decreased by 1.5%, but excluding the impact of renovations at Hyatt Regency Scottsdale, it increased by 3.7%.

Xenia Hotels & Resorts reported a net income of $7.6 million for Q4 2023. Adjusted FFO per share was flat compared to the same quarter in the previous year. The company repurchased shares and declared a dividend, demonstrating a commitment to returning capital to shareholders.

Xenia Hotels & Resorts reported a net loss attributable to common stockholders of $8.5 million, or $0.08 per share, for the third quarter of 2023. Adjusted EBITDAre decreased by 13.9% compared to the third quarter of 2022. Same-Property RevPAR increased by 0.4%, and excluding Hyatt Regency Scottsdale Resort & Spa, RevPAR increased by 4.0%.

Xenia Hotels & Resorts reported a decrease in net income and adjusted EBITDAre for the second quarter of 2023, impacted by softer leisure demand, weather, and ongoing renovations. However, the portfolio experienced a shift to a more traditional mix of demand segments, with strong RevPAR growth in corporate transient and group-focused hotels.

Xenia Hotels & Resorts reported a net income of $6.3 million, or $0.06 per share, for the first quarter of 2023. Adjusted EBITDAre increased by 42.8% compared to the first quarter of 2022, reaching $71.3 million. Same-Property RevPAR increased by 23.9% to $179.55, and the company repurchased 1,905,820 shares of common stock for $26.7 million.

Xenia Hotels & Resorts reported a net income of $35.3 million for Q4 2022, with significant increases in Adjusted EBITDAre and FFO per share compared to Q4 2021. The company sold two hotels for a total of $97.5 million and declared a dividend of $0.10 per share. Same-Property RevPAR increased by 0.6% compared to Q4 2019, driven by ADR growth.

Xenia Hotels & Resorts reported a net loss attributable to common stockholders of $1.7 million, or $0.01 per share, for the third quarter of 2022. Adjusted EBITDAre increased 52.1% compared to the third quarter of 2021, and Adjusted FFO per Diluted Share increased $0.18 compared to the third quarter of 2021.

Xenia Hotels & Resorts reported a net income of $27.6 million, a 165.8% increase compared to Q2 2021. Same-Property RevPAR increased 2.0% compared to Q2 2019, marking the first quarter of RevPAR growth relative to 2019 since the pandemic's onset.

Xenia Hotels & Resorts reported a net loss of $5.3 million for the first quarter of 2022, but experienced strong growth in average daily rate and RevPAR compared to the first quarter of 2021. March results substantially exceeded expectations, with Same-Property occupancy approaching 70%.

Xenia Hotels & Resorts reported a net loss of $22.9 million for Q4 2021. Same-Property RevPAR decreased by 17.5% compared to Q4 2019, driven by occupancy of 56.4% and ADR of $241.11. However, the Same-Property Hotel EBITDA margin increased by 32 basis points compared to Q4 2019.

Xenia Hotels & Resorts reported a net loss attributable to common stockholders of $22.2 million, or $0.20 per share, and an adjusted FFO per diluted share of $0.13. The company's liquidity exceeded $1 billion, including $517 million in cash and cash equivalents. Same-Property RevPAR was $123.70, a 23.1% decline versus the third quarter of 2019, with occupancy of 55.1% and ADR of $224.54. Same-Property Hotel EBITDA was $40.3 million with a margin of 23.8%, a 44 bps improvement over Q3 2019.

Xenia Hotels & Resorts reported positive Adjusted EBITDAre and FFO for the second quarter, driven by improved lodging demand, competitive positioning, and cost controls. Same-Property RevPAR reached $110.45, with occupancy at 51.4% and ADR at $215.01.

Xenia Hotels & Resorts reported a net loss of $(56.4) million, or $(0.50) per share, for the quarter ended March 31, 2021. However, the company's results substantially exceeded expectations due to the strengthening of leisure demand. Same-Property RevPAR was $65.70, resulting from occupancy of 34.8% and an ADR of $188.68. Same-Property Hotel EBITDA turned positive at $95 thousand.

Xenia Hotels & Resorts reported a net income of $24.3 million for Q4 2020, with a Same-Property RevPAR of $50.82. The company sold four hotels for approximately $391 million and improved its balance sheet, resulting in year-end liquidity of approximately $750 million. Despite challenges from the COVID-19 pandemic, the company saw sequential improvement in the fourth quarter compared to the third quarter, with an increase in Same-Property RevPAR and a decrease in Same-Property Hotel EBITDA loss.

Xenia Hotels & Resorts reported a net loss of $52.3 million for the third quarter of 2020, with significant impacts from the COVID-19 pandemic. The company focused on strengthening its balance sheet through strategic asset sales and financing activities, maintaining liquidity, and reducing operating expenses. Despite the challenging environment, operational results improved through October, with occupancy reaching approximately 33% and ADR at approximately $189.

Xenia Hotels & Resorts reported a challenging second quarter due to the COVID-19 pandemic, with a net loss of $99.1 million. However, the company has been actively reopening hotels and implementing cost control measures to navigate the crisis.

Xenia Hotels & Resorts reported a net loss of $(36.1) million for the first quarter of 2020, with Same-Property RevPAR decreasing by 27.6% and Same-Property Hotel EBITDA Margin declining to 15.0% due to the impact of the COVID-19 pandemic.

Xenia Hotels & Resorts reported a net income of $15.6 million for Q4 2019. Same-Property RevPAR decreased slightly by 0.4% compared to Q4 2018, while Adjusted EBITDAre declined by 4.9%. The company completed the acquisition of Hyatt Regency Portland and the sale of two hotels during the quarter.