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DIAMONDROCK HOSPITALITY COMPANY REPORTS FIRST QUARTER 2024 RESULTS [Yahoo! Finance]

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: Yahoo! Finance
May 2, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States , today announced results of operations for the quarter ended March 31, 2024 First Quarter 2024 Highlights Net Income: Net income was $8.4 million and earnings per diluted share was Comparable Revenues: Comparable total revenues were $256.4 million , a 3.8% increase from 2023. Comparable RevPAR: Comparable RevPAR was , a 0.4% decrease from 2023. Comparable Hotel Adjusted EBITDA: Comparable Hotel Adjusted EBITDA was $61.4 million , a 3.0% decrease from 2023. Comparable Hotel Adjusted EBITDA Margin: Comparable Hotel Adjusted EBITDA margin was 23.95%, a 169 basis point decrease from 2023. Adjusted EBITDA: Adjusted EBITDA was $53.6 million , a 3.2% decrease from 2023. Adjusted FFO: Adjusted FFO was $36.0 million and Adjusted FFO per diluted share was Recent Devel Show less Read more
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