NYSE$XHR

Xenia Hotels & Resorts Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Second Quarter 2020 results reported.

Xenia Hotels & Resorts reported a challenging second quarter due to the COVID-19 pandemic, with a net loss of $99.1 million. However, the company has been actively reopening hotels and implementing cost control measures to navigate the crisis.

  • The Company had 26 hotels open and operating at the end of the second quarter.
  • Net loss attributable to common stockholders for the quarter was $99.1 million, or $0.88 per share.
  • Adjusted EBITDAre for the quarter was $(43.0) million.
  • As of June 30, 2020, the Company had approximately $306 million of unrestricted cash and cash equivalents.

Headline financials

Total Revenue

$14.8M

Previous: $304M-95.1%
EPS (adj)

-$0.46

Previous: $0.63-173.0%
Same-Property RevPAR

$7.18

No prior period
Total Portfolio RevPAR

$6.80

No prior period
Same-Property Occupancy

3.9%

No prior period
Adjusted FFO

-$53M

No prior period
Capital Expenditures

-$40.6M

Previous: -$36.6M-11.0%
Free Cash Flow

-$142M

Previous: -$23.3M-508.5%
Net Income

-$101M

Previous: $13.2M-868.0%
Operating Income

-$93.2M

Previous: $31.6M-395.1%
Gross Profit

-$28.1M

Previous: $107M-126.2%
Cash & Equivalents

$306M

Previous: $110M+177.2%
Total Assets

$3.37B

Previous: $3.17B+6.3%
Stock-Based Comp

$4.27M

No prior period

Revenue & EPS history

Xenia · Revenue · Quarterly

$14.8M

Q2 2020-95.1%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The Company does not expect to issue earnings guidance until it has more clarity on fundamentals and trends within the industry.

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 Q2 2020

Historical avgQ2 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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