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Stock impact report

DiamondRock Hospitality Company Reports Third Quarter 2019 Results

Diamondrock Hospitality Company (DRH) 
Last diamondrock hospitality company earnings: 2/20 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.drhc.com
Company Research Source: PR Newswire
BETHESDA, Md., Nov. 8, 2019 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, today announced results of operations for the quarter ended September 30, 2019.Third Quarter 2019 HighlightsNet Income: Net income was $11.6 million and earnings per diluted share was $0.06 Comparable Revenues: Comparable total revenues increased 3.2% from the comparable period of 2018. Comparable RevPAR: RevPAR was $196.95, a 1.6% increase from the comparable period of 2018 despite disruption from Hurricane Dorian (40 basis points) and renovations (20 basis points). Comparable Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 30.67%, a 58 basis point contraction from the comparable period of 2018. Adjusted EBITDA: Adjusted EBITDA was $67.5 million, a decrease of $2.8 million from 2018. Adjusted FFO: Adjusted FFO was $55.3 million and Adjusted FFO per diluted Show less Read more
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