NYSE$XHR
Xenia Hotels & Resorts Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Xenia's financial performance for Q3 2024 was impacted by renovation disruptions, softer leisure demand and hurricane impact.
Xenia Hotels & Resorts reported a net loss of $7.1 million for the third quarter of 2024. Adjusted EBITDAre decreased by 4.4% compared to the same quarter in 2023, and Adjusted FFO per Diluted Share decreased by 3.8%. Same-Property RevPAR increased by 1.5%, while Same-Property Hotel EBITDA decreased by 6.3%.
- Net loss attributable to common stockholders was $7.1 million, or $0.07 per share.
- Adjusted EBITDAre decreased 4.4% compared to the third quarter of 2023, reaching $44.3 million.
- Same-Property RevPAR increased 1.5% compared to the third quarter of 2023, totaling $161.20.
- The Company sold the Lorien Hotel & Spa in Alexandria, VA for $30.0 million.
Headline financials
Revenue & EPS history
Xenia · Revenue · Quarterly
$237M
Forward guidance
The Company has updated its full year 2024 outlook, which anticipates macroeconomic uncertainty and is based on the current economic environment. It assumes no additional acquisitions, dispositions, equity issuances, or share and/or senior note repurchases.
Tailwinds
- Same-Property (31 Hotel) RevPAR Change (vs. 2023) is expected to be between 1.25% and 2.25%.
- Adjusted EBITDAre is projected to be between $234 million and $242 million.
- Adjusted FFO is expected to range from $160 million to $168 million.
- Adjusted FFO per Diluted Share is projected to be between $1.54 and $1.62.
- General and administrative expense of approximately $23 million, excluding non-cash share-based compensation - a decrease of approximately $1 million from prior guidance
Headwinds
- Net Income is projected to be between $9 million and $17 million.
- Excluding Grand Hyatt Scottsdale Resort, Same-Property (30 Hotel) RevPAR Change (vs. 2023) is expected to be between 2.75% and 3.75%.
- Disruption due to renovations is expected to negatively impact Adjusted EBITDAre and Adjusted FFO by approximately $20 million.
- Interest expense of approximately $77 million, excluding non-cash loan related costs - no change from prior guidance
- Income tax benefit of approximately $3 million - no change from prior guidance
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 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro