NYSE$XHR

Xenia Hotels & Resorts Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Xenia Hotels & Resorts reported strong operating results driven by leisure travel demand and improving corporate transient and group demand.

Xenia Hotels & Resorts reported a net income of $27.6 million, a 165.8% increase compared to Q2 2021. Same-Property RevPAR increased 2.0% compared to Q2 2019, marking the first quarter of RevPAR growth relative to 2019 since the pandemic's onset.

  • Net income attributable to common stockholders was $27.6 million, or $0.24 per share, a 165.8% increase compared to the second quarter of 2021.
  • Adjusted EBITDAre was $88.6 million, increased 223.6% compared to the second quarter of 2021.
  • Same-Property RevPAR increased 64.4% compared to the second quarter of 2021 and 2.0% compared to the second quarter of 2019.
  • The Company met its modified financial covenants for the quarter ended June 30, 2022 and exited the covenant waiver period.

Headline financials

Total Revenue

$283M

Previous: $152M+86.5%
EPS (adj)

$0.57

Previous: $0.08+612.5%
Same-Property RevPAR

$186.75

Previous: $110.45+69.1%
Same-Property EBITDA Margin

33.5%

Previous: 24.0%+39.6%
Same-Property Occupancy

69.8%

Previous: 51.4%+35.8%
Same-Property ADR

$267.72

No prior period
Same-Property Hotel EBITDA

$86.5M

No prior period
Adjusted EBITDAre

$88.6M

No prior period
Capital Expenditures

-$350M

Previous: -$11.9M-2856.4%
Free Cash Flow

-$323M

Previous: -$53.9M-498.8%
Net Income

$27.6M

Previous: -$42M+165.8%
Operating Income

$50.7M

Previous: -$18.7M+370.9%
Gross Profit

$106M

Previous: $46.1M+130.6%
Cash & Equivalents

$224M

Previous: $500M-55.3%
Total Assets

$3.08B

Previous: $3.13B-1.6%
Stock-Based Comp

$3.58M

Previous: $3.64M-1.8%

Revenue & EPS history

Xenia · Revenue · Quarterly

$283M

Q2 2022+86.5%vs Q2 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The Company is providing its full year outlook based on the current economic environment. This outlook assumes no additional acquisitions, dispositions, equity offerings, or share repurchases.

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 2022

Historical avgQ2 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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