Xenia Hotels & Resorts Reports Second Quarter 2018 Results
Xenia Hotels & Resorts, Inc. (XHR)
Last xenia hotels & resorts, inc. earnings: 2/24 04:30 pm
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xeniareit.com
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Source: PR Newswire
ORLANDO, Fla., Aug. 2, 2018 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended June 30, 2018.Second Quarter 2018 HighlightsNet Income: Net income attributable to common stockholders was $28.8 million and net income per diluted share was $0.26, a 58.5% and 60.0% decline, respectively, year over year due to a $49.2 million gain on sale of investment properties during the second quarter 2017. Same-Property RevPAR: Same-Property RevPAR increased 3.4% compared to the second quarter of 2017 to $177.99, as occupancy increased 190 basis points and ADR increased 1.0%. Same-Property Hotel EBITDA Margin: Same-Property Hotel EBITDA Margin was 33.5%, an increase of 32 basis points compared to the second quarter of 2017. Total Portfolio RevPAR: Total Portfolio RevPAR was $178.04, 8.5% higher than in the second quarter of 2017, reflecting portfolio performance and the change in portfolio composition. Adjusted EBITDAre:
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- Xenia Hotels & Resorts, Inc. (NYSE: XHR) had its price target raised by analysts at KeyCorp from $15.00 to $17.00. They now have an "overweight" rating on the stock.MarketBeat
XHR
Earnings
- 2/27/24 - Beat
XHR
Sec Filings
- 4/1/24 - Form DEFA14A
- 4/1/24 - Form DEF
- 4/1/24 - Form ARS
- XHR's page on the SEC website