NYSE$XHR
Xenia Hotels & Resorts Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported results for the quarter ended June 30, 2024.
Xenia Hotels & Resorts reported a net income of $15.3 million, or $0.15 per share. Same-Property RevPAR increased by 1.8%, and Adjusted FFO per Diluted Share increased by 10.6% compared to the second quarter of 2023. The company updated its full year 2024 outlook, reflecting macroeconomic uncertainty.
- Net income attributable to common stockholders was $15.3 million, or $0.15 per share.
- Adjusted EBITDAre was $68.4 million, a decrease of 8.4% compared to Q2 2023.
- Adjusted FFO per Diluted Share was $0.52, an increase of 10.6% compared to Q2 2023.
- Same-Property RevPAR increased 1.8% compared to the second quarter of 2023.
Headline financials
Revenue & EPS history
Xenia · Revenue · Quarterly
$273M
Forward guidance
The Company has updated its full year 2024 outlook. Current full year 2024 guidance is inclusive of the recent disposition of the 107-room Lorien Hotel & Spa.
Tailwinds
- Net Income between $18 million and $30 million.
- Current Same-Property (31 Hotel) RevPAR Change (vs. 2023) between 2.00% and 4.00%.
- Excluding Hyatt Regency Scottsdale, Current Same-Property (30 Hotel) RevPAR Change (vs. 2023) between 2.75% and 4.75%.
- Adjusted EBITDAre between $243 million and $255 million.
- Adjusted FFO between $169 million and $181 million.
Headwinds
- Disruption due to renovations is expected to negatively impact Adjusted EBITDAre and Adjusted FFO by approximately $17 million.
- General and administrative expense of approximately $24 million, excluding non-cash share-based compensation.
- Interest expense of approximately $77 million, excluding non-cash loan related costs.
- Income tax benefit of approximately $3 million.
- $70 - $75 million of capital expenditures for Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch.
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 2024
-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
| Quarter | Report date | Reaction (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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