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Jun 30, 2020
Xenia Q2 2020 Earnings Report
Second Quarter 2020 results reported.
Key Takeaways
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.
The Company had 26 hotels open and operating at the end of the second quarter.
Net loss attributable to common stockholders for the quarter was $99.1 million, or $0.88 per share.
Adjusted EBITDAre for the quarter was $(43.0) million.
As of June 30, 2020, the Company had approximately $306 million of unrestricted cash and cash equivalents.
Forward Guidance
The Company does not expect to issue earnings guidance until it has more clarity on fundamentals and trends within the industry.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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