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Dec 31, 2024
Xenia Q4 2024 Earnings Report
Xenia's Q4 2024 results were reported, showcasing a mixed performance with revenue growth offset by increased expenses.
Key Takeaways
Xenia Hotels & Resorts reported a net loss of $0.6 million for Q4 2024. Same-Property RevPAR increased by 5.1%, and Same-Property Occupancy rose by 250 basis points. Adjusted FFO per Diluted Share decreased by 4.9% compared to the fourth quarter of 2023.
Net loss attributable to common stockholders was $0.6 million, or $0.01 per share.
Same-Property RevPAR increased 5.1% compared to the fourth quarter of 2023.
Same-Property Occupancy increased 250 basis points compared to the fourth quarter of 2023.
The Company repurchased a total of 515,876 shares of common stock at a weighted-average price of $14.83 per share.
Forward Guidance
The Company is optimistic about its growth prospects as it begins 2025, despite continued uncertainty in the overall economic climate.
Positive Outlook
- Same-Property RevPAR for the first quarter through February 20th grew 7.3% versus the comparable period in 2024.
- Benefit of Grand Hyatt Scottsdale.
- Strong group revenue pace across our high quality portfolio.
- Xenia is positioned for meaningful RevPAR growth in 2025.
Challenges Ahead
- Continued uncertainty in the overall economic climate.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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