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Dec 31, 2021

Xenia Q4 2021 Earnings Report

Xenia reported results with a net loss and a decrease in RevPAR compared to 2019, but an increase in Hotel EBITDA margin.

Key Takeaways

Xenia Hotels & Resorts reported a net loss of $22.9 million for Q4 2021. Same-Property RevPAR decreased by 17.5% compared to Q4 2019, driven by occupancy of 56.4% and ADR of $241.11. However, the Same-Property Hotel EBITDA margin increased by 32 basis points compared to Q4 2019.

Net loss attributable to common stockholders was $22.9 million, or $0.20 per share.

Adjusted FFO per Diluted Share was $0.25.

Same-Property RevPAR was $136.01, a decrease of 17.5% versus the fourth quarter of 2019.

Same-Property Hotel EBITDA Margin was 27.2%, an increase of 32 basis points versus the fourth quarter of 2019.

Total Revenue
$204M
Previous year: $75.6M
+169.1%
EPS
$0.25
Previous year: -$0.24
-204.2%
Same-Property RevPAR
$136
Previous year: $50.8
+167.6%
Same-Property EBITDA Margin
27.2%
Gross Profit
$53.8M
Previous year: -$6.29M
-955.4%
Cash and Equivalents
$517M
Previous year: $390M
+32.7%
Total Assets
$3.09B
Previous year: $3.08B
+0.3%

Xenia

Xenia

Xenia Revenue by Geographic Location

Forward Guidance

The Company does not expect to issue earnings guidance until it has more certainty on trends within the industry. Guidance for full year 2022 on certain items:

Revenue & Expenses

Visualization of income flow from segment revenue to net income