Loading...
•
Jun 30, 2022
Xenia Q2 2022 Earnings Report
Xenia Hotels & Resorts reported strong operating results driven by leisure travel demand and improving corporate transient and group demand.
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.
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...