NYSE$XHR

Xenia Hotels & Resorts Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter results with improved demand for high-quality hotels and resorts.

Xenia Hotels & Resorts reported a net loss of $5.3 million for the first quarter of 2022, but experienced strong growth in average daily rate and RevPAR compared to the first quarter of 2021. March results substantially exceeded expectations, with Same-Property occupancy approaching 70%.

  • Net loss attributable to common stockholders was $5.3 million, or $0.05 per share.
  • Adjusted EBITDAre was $49.9 million.
  • Same-Property RevPAR increased 119.6% compared to the first quarter of 2021, but decreased 19.5% versus the first quarter of 2019.
  • The Company acquired the 346-room W Nashville for $328.7 million in March.

Headline financials

Total Revenue

$210M

Previous: $87.9M+139.4%
EPS (adj)

$0.25

Previous: -$0.18+238.9%
Same-Property RevPAR

$149.60

Previous: $65.70+127.7%
Same-Property Occupancy

58.0%

Previous: 34.8%+66.7%
Same-Property ADR

$258.12

No prior period
Capital Expenditures

-$336M

Previous: -$7.24M-4539.5%
Free Cash Flow

-$341M

Previous: -$63.6M-436.7%
Net Income

-$5.32M

Previous: -$56.4M+90.6%
Operating Income

$17.7M

Previous: -$39.2M+145.3%
Gross Profit

$68.7M

Previous: $10.8M+538.4%
Cash & Equivalents

$179M

Previous: $355M-49.5%
Total Assets

$3.04B

Previous: $3.02B+0.6%
Stock-Based Comp

$2.21M

Previous: $2.3M-3.8%

Revenue & EPS history

Xenia · Revenue · Quarterly

$210M

Q1 2022+139.4%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

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

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 2022

Historical avgQ1 2022

-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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