Xenia Q3 2021 Earnings Report
Key Takeaways
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.
Net loss attributable to common stockholders was $22.2 million, or $0.20 per share.
Adjusted EBITDAre was $35.4 million.
Adjusted FFO per Diluted Share was $0.13.
Liquidity exceeded $1 billion, with $517 million in cash and cash equivalents.
Xenia
Xenia
Forward Guidance
The Company does not expect to issue 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: