NYSE$XHR

Xenia Hotels & Resorts Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Xenia Hotels & Resorts reported results for the third quarter of 2021.

Xenia Hotels & Resorts reported a net loss attributable to common stockholders of $22.2 million, or $0.20 per share, and an adjusted FFO per diluted share of $0.13. The company's liquidity exceeded $1 billion, including $517 million in cash and cash equivalents. Same-Property RevPAR was $123.70, a 23.1% decline versus the third quarter of 2019, with occupancy of 55.1% and ADR of $224.54. Same-Property Hotel EBITDA was $40.3 million with a margin of 23.8%, a 44 bps improvement over Q3 2019.

  • Net loss attributable to common stockholders was $22.2 million, or $0.20 per share.
  • Adjusted EBITDAre was $35.4 million.
  • Adjusted FFO per Diluted Share was $0.13.
  • Liquidity exceeded $1 billion, with $517 million in cash and cash equivalents.

Headline financials

Total Revenue

$173M

Previous: $64M+170.2%
EPS (adj)

$0.13

Previous: -$0.27+148.1%
Same-Property RevPAR

$123.70

Previous: $41.95+194.9%
Same-Property EBITDA Margin

23.8%

Previous: -24.4%+197.5%
Same-Property Hotel EBITDA

$40.3M

No prior period
Capital Expenditures

-$19.2M

Previous: -$58.2M+67.1%
Free Cash Flow

-$41.3M

Previous: -$111M+62.6%
Net Income

-$22.2M

Previous: -$52.3M+57.6%
Operating Income

-$1.5M

Previous: -$70M+97.9%
Gross Profit

$49.9M

Previous: -$3.44M+1552.0%
Cash & Equivalents

$517M

Previous: $321M+61.2%
Total Assets

$3.12B

Previous: $3.34B-6.7%
Stock-Based Comp

$2.88M

Previous: $2.27M+26.9%

Revenue & EPS history

Xenia · Revenue · Quarterly

$173M

Q3 2021+170.2%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
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 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 Q3 2021

Historical avgQ3 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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