NYSE$XHR

Xenia Hotels & Resorts Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported second quarter 2021 results.

Xenia Hotels & Resorts reported positive Adjusted EBITDAre and FFO for the second quarter, driven by improved lodging demand, competitive positioning, and cost controls. Same-Property RevPAR reached $110.45, with occupancy at 51.4% and ADR at $215.01.

  • Net loss attributable to common stockholders was $(42.0) million, or $(0.36) per share.
  • Adjusted EBITDAre was $27.4 million.
  • Adjusted FFO per diluted share was $0.08.
  • Same-Property RevPAR was $110.45, a decline of 38.7% versus the second quarter of 2019.

Headline financials

Total Revenue

$152M

Previous: $14.8M+925.1%
EPS (adj)

$0.08

Previous: -$0.46+117.4%
Same-Property RevPAR

$110.45

Previous: $7.18+1438.3%
Same-Property EBITDA Margin

24.0%

No prior period
Same-Property Occupancy

51.4%

Previous: 3.9%+1217.9%
Capital Expenditures

-$11.9M

Previous: -$40.6M+70.8%
Free Cash Flow

-$53.9M

Previous: -$142M+62.1%
Net Income

-$42M

Previous: -$101M+58.6%
Operating Income

-$18.7M

Previous: -$93.2M+79.9%
Gross Profit

$46.1M

Previous: -$28.1M+263.9%
Cash & Equivalents

$500M

Previous: $306M+63.6%
Total Assets

$3.13B

Previous: $3.37B-7.1%
Stock-Based Comp

$3.64M

Previous: $4.27M-14.6%

Revenue & EPS history

Xenia · Revenue · Quarterly

$152M

Q2 2021+925.1%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The Company does not expect to issue full year earnings guidance until it has more certainty on trends within the industry. The Company is providing the following guidance for full year 2021 on certain corporate expenses and metrics:

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 2021

Historical avgQ2 2021

-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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