Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Xenia Hotels Q3 net loss narrows adjusted FFO per share up 56%

By Reuters News


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


Reuters Recommended Reads

  • Nov 2 - Ryman Hospitality Q3 revenue beats on group and leisure demand

  • Nov 2 - Marriott tops Q3 revenue, profit estimates

  • Nov 2 - Choice Hotels Q3 revenue and adjusted EPS beat estimates, raises FY RevPAR outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.