NYSE$XHR

Xenia Hotels & Resorts Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Xenia's first quarter performance was significantly impacted by the COVID-19 pandemic, leading to a net loss and a decline in RevPAR and EBITDA margin.

Xenia Hotels & Resorts reported a net loss of $(36.1) million for the first quarter of 2020, with Same-Property RevPAR decreasing by 27.6% and Same-Property Hotel EBITDA Margin declining to 15.0% due to the impact of the COVID-19 pandemic.

  • Net loss attributable to common stockholders was $(36.1) million, or $(0.32) per diluted share.
  • Same-Property RevPAR decreased by 27.6% compared to Q1 2019, driven by a decline in occupancy and ADR.
  • Same-Property Hotel EBITDA Margin was 15.0%, a decrease of 1,441 basis points compared to Q1 2019.
  • The Company drew the remaining $340 million on its Senior Unsecured Revolving Credit Facility and expects to suspend its dividend through the balance of the year.

Headline financials

Total Revenue

$215M

Previous: $294M-26.7%
EPS (adj)

$0.17

Previous: $0.53-67.9%
Same-Property RevPAR

$126.52

Previous: $174.87-27.6%
Same-Property EBITDA Margin

15.0%

Previous: 29.5%-49.2%
Total Portfolio RevPAR

$121.68

Previous: $170.28-28.5%
Adjusted EBITDAre

$24.5M

Previous: $78.1M-68.7%
Capital Expenditures

-$22.2M

Previous: -$13.3M-67.2%
Free Cash Flow

-$59.3M

Previous: $4.02M-1576.8%
Net Income

-$37.1M

Previous: $17.3M-314.9%
Operating Income

-$31.5M

Previous: $36.1M-187.4%
Gross Profit

$44.5M

Previous: $97.8M-54.5%
Cash & Equivalents

$397M

Previous: $74.5M+432.9%
Total Assets

$3.52B

Previous: $3.18B+10.5%
Stock-Based Comp

$2.04M

No prior period

Revenue & EPS history

Xenia · Revenue · Quarterly

$215M

Q1 2020-26.7%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Due to the uncertainty surrounding the balance of 2020, the Company does not expect to issue guidance until it has more clarity on operating fundamentals.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.5%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+3.1%

Avg return

30 days after

46%

22 / 48 earnings

Positive

+12.1%

Q4 2023

Best reaction

-19.5%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%+2.9%+6.8%
Q4 2025-1.6%-4.0%-5.1%
Q3 2025-1.1%+0.6%+9.7%
Q1 2025+4.7%+4.2%+12.9%
Q4 2024-6.4%-3.7%-13.2%
Q3 2024+3.2%+6.1%+11.0%
Q2 2024-4.3%-7.6%+2.6%
Q1 2024+7.4%+5.7%+3.9%
Q4 2023+12.1%+18.6%+14.9%
Q3 2023-2.0%+7.0%+5.4%
Q2 2023-4.5%-1.6%-5.7%
Q1 2023+0.9%+1.7%-6.2%
Q4 2022+4.6%+2.6%-6.8%
Q3 2022-17.6%-16.7%-11.0%
Q2 2022+3.4%+3.7%-2.9%
Q1 2022+0.9%-1.6%+1.1%
Q4 2021+1.9%-1.1%+4.0%
Q3 2021+4.1%+9.2%-12.9%
Q2 2021-4.4%+1.2%+0.3%
Q1 2021-0.7%-3.5%+1.2%
Q4 2020-7.1%-6.5%-2.4%
Q3 2020-0.5%+0.6%+68.7%
Q2 2020-7.4%-5.8%+10.6%
Q1 2020-19.5%-18.6%+29.5%
Q4 2019-7.6%-21.9%-38.4%
Q3 2019+4.8%+6.1%+1.4%
Q2 2019-1.5%-5.0%-5.7%
Q1 2019+6.7%+5.0%-3.0%
Q4 2018+0.2%+0.9%+12.9%
Q3 2018-0.4%+2.9%+0.3%
Q2 2018-2.5%-2.6%-1.3%
Q1 2018+8.9%+11.3%+24.7%
Q4 2017-0.7%-0.7%-0.5%
Q3 2017-0.9%-1.6%-2.8%
Q2 2017-2.4%-2.5%-1.0%
Q1 2017+1.3%-0.4%+7.5%
Q4 2016-3.4%-8.5%-8.2%
Q3 2016+0.8%+8.2%+22.3%
Q2 2016+2.1%+1.8%-4.0%
Q1 2016-2.1%
Q4 2013+1.7%
Q4 2015+1.7%
Q3 2014-2.2%
Q3 2015-2.2%
Q2 2014-1.0%
Q2 2015-1.0%
Q4 2014+3.9%
Q1 2015+3.9%
Q1 2014
Q3 2013
Q2 2013
Q1 2013

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