Xenia Hotels Q2 adjusted EBITDAre grows 16.3% yr/yr

Xenia Hotels & Resorts

01/08/2025 11:43

Overview

Xenia Hotels Q2 adjusted EBITDAre grows 16.3% yr/yr, driven by group demand

Adjusted FFO per share at $0.57, reflecting operational efficiency

Co sold Fairmont Dallas for $111 mln, repurchased nearly 3 mln shares

Outlook

Company raises full-year Adjusted EBITDAre guidance to $249-$263 mln

Xenia expects strong group business in fourth quarter

Company sees full-year RevPAR growth of 3.5%-5.5%

Xenia increases full-year Adjusted FFO guidance to $166-$180 mln

Result Drivers

GROUP DEMAND - Strong group business demand drove substantial food and beverage revenue increases, boosting Same-Property Total RevPAR by 11%

RENOVATION IMPACT - Early performance at renovated Grand Hyatt Scottsdale Resort was a key driver of 4% Same-Property RevPAR increase

EXPENSE CONTROL - Lower-than-expected expense growth across portfolio contributed to solid operating margins and Hotel EBITDA growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.56
Q2 Net Income
$55.16 mln
Q2 Adjusted FFO Per Share
$0.57
Q2 Dividend
$0.14


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "hold."

Wall Street's median 12-month price target for Xenia Hotels & Resorts Inc is $14.00, about 9.2% above its July 31 closing price of $12.71

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 74 three months ago

Press Release: ID:nPn25Dtgra

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)