Xenia Hotels Q3 net loss narrows adjusted FFO per share up 56%
Overview
U.S. lodging REIT's Q3 net loss narrowed, adjusted FFO per share rose 56% yr/yr
Company raised full-year 2026 outlook for Adjusted EBITDAre and Adjusted FFO per share
Same-property RevPAR grew 12.5% on strong group and transient demand
Outlook
Xenia raises full-year 2026 Adjusted EBITDAre guidance to $278 mln-$284 mln from $267 mln-$279 mln
Company lifts full-year 2026 Adjusted FFO per diluted share outlook to $2.08-$2.14 from $1.96-$2.08
Xenia expects 2026 Same-Property RevPAR to rise 7.75%-8.25% versus 2025, up from prior 4.75%-6.25%
Result Drivers
GROUP AND CORPORATE DEMAND - Co said strong group and corporate transient demand, along with increased leisure demand from large events, drove substantial gains in same-property RevPAR and hotel EBITDA
OCCUPANCY AND RATE GAINS - Co attributed margin growth to a 6.4% rise in same-property ADR and a 380 basis point increase in occupancy
PORTFOLIO-WIDE REVPAR GROWTH - Co highlighted very strong RevPAR growth at properties in Philadelphia, New Orleans, San Diego, Santa Clara, Pittsburgh, Houston, Key West and Orlando
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Loss | $2.70 mln | ||
Q3 Adjusted FFO | $34.56 mln | ||
Q3 Adjusted FFO Per Share | $0.36 | ||
Q3 Dividend | $0.14 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Xenia Hotels & Resorts, Inc. is $21.00, about 0% above its November 2 closing price of $20.99
The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 46 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)