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Jun 30, 2021
Xenia Q2 2021 Earnings Report
Reported second quarter 2021 results.
Key Takeaways
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.
Net loss attributable to common stockholders was $(42.0) million, or $(0.36) per share.
Adjusted EBITDAre was $27.4 million.
Adjusted FFO per diluted share was $0.08.
Same-Property RevPAR was $110.45, a decline of 38.7% versus the second quarter of 2019.
Xenia
Xenia
Forward Guidance
The Company does not expect to issue full year earnings guidance until it has more certainty on trends within the industry. The Company is providing the following guidance for full year 2021 on certain corporate expenses and metrics: