Overview
Xenia Hotels Q3 net loss $13.7 mln, adjusted EBITDAre down 4.6% yr/yr
Adjusted FFO per share for Q3 decreased 8% yr/yr
Company repurchased 974,645 shares for $12.3 mln during Q3
Outlook
Xenia expects full-year 2025 Same-Property RevPAR to increase 4%
Company anticipates 2025 Adjusted EBITDAre of $254 mln at midpoint
Xenia sees robust group demand driving non-rooms revenue growth in 2026
Result Drivers
HOUSTON MARKET IMPACT - Performance in Houston was a drag on portfolio due to tough comparisons from Hurricane Beryl last year
GRAND HYATT SCOTTSDALE - Significant growth at Grand Hyatt Scottsdale aided RevPAR excluding Houston
F&B ENHANCEMENTS - Stronger group contribution and enhanced F&B offerings drove 8.5% increase in Same-Property Total RevPAR
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.14
Q3 Net Income
-$13.73 mln
Q3 Adjusted FFO
$22.18 mln
Q3 Adjusted FFO Per Share
$0.23
Q3 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 $15.00, about 15.1% above its October 30 closing price of $12.74
The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 32 three months ago
Press Release: ID:nPnP1Whga
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(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.)