NYSE$XHR

Xenia Hotels & Resorts Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Xenia Hotels & Resorts reported fourth quarter results, showing a net income attributable to common stockholders of $24.3 million, and a Same-Property RevPAR of $50.82.

Xenia Hotels & Resorts reported a net income of $24.3 million for Q4 2020, with a Same-Property RevPAR of $50.82. The company sold four hotels for approximately $391 million and improved its balance sheet, resulting in year-end liquidity of approximately $750 million. Despite challenges from the COVID-19 pandemic, the company saw sequential improvement in the fourth quarter compared to the third quarter, with an increase in Same-Property RevPAR and a decrease in Same-Property Hotel EBITDA loss.

  • Net income attributable to common stockholders was $24.3 million, or $0.22 per share.
  • Same-Property RevPAR was $50.82, resulting from occupancy of 27.8% and an ADR of $182.64.
  • The company sold four hotels for a total sales price of approximately $391 million.
  • Completed a $200 million add-on to its existing 6.375% senior notes and entered into further amendments on its corporate credit facilities.

Headline financials

Total Revenue

$75.6M

Previous: $282M-73.2%
EPS (adj)

-$0.24

Previous: $0.58-141.4%
Same-Property RevPAR

$50.82

Previous: $160.95-68.4%
Same-Property Occupancy

27.8%

No prior period
Net Income

$24.3M

Previous: $16.1M+50.9%
Operating Income

-$46.9M

Previous: $23.5M-299.1%
Gross Profit

-$6.29M

Previous: $77.1M-108.2%
Cash & Equivalents

$390M

Previous: $111M+251.7%
Total Assets

$3.08B

Previous: $3.26B-5.6%
Stock-Based Comp

$2.36M

Previous: $2.29M+2.9%

Revenue & EPS history

Xenia · Revenue · Quarterly

$75.6M

Q4 2020-73.2%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The Company does not expect to issue earnings guidance until it has more clarity on fundamentals and trends within the industry. The Company is providing the following guidance on certain corporate expenses:

Tailwinds

  • General and administrative expenses are projected to be approximately $19 million, excluding non-cash share-based compensation.
  • Interest expense is projected to be approximately $68 million, excluding non-cash loan related costs.
  • Capital expenditures are projected to be approximately $40 million, with planned expenditures more heavily weighted to the second half of the year.

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 Q4 2020

Historical avgQ4 2020

-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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