Xenia Q2 2022 Earnings Report
Key Takeaways
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.
Net income attributable to common stockholders was $27.6 million, or $0.24 per share, a 165.8% increase compared to the second quarter of 2021.
Adjusted EBITDAre was $88.6 million, increased 223.6% compared to the second quarter of 2021.
Same-Property RevPAR increased 64.4% compared to the second quarter of 2021 and 2.0% compared to the second quarter of 2019.
The Company met its modified financial covenants for the quarter ended June 30, 2022 and exited the covenant waiver period.
Xenia
Xenia
Forward Guidance
The Company is providing its full year outlook based on the current economic environment. This outlook assumes no additional acquisitions, dispositions, equity offerings, or share repurchases.