Business
Xenia Hotels & Resorts Reports First Quarter 2025 Results
Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended March 31, 2025.
About this update from Xenia Hotels & Resorts, Inc.
[{"type":"text","content":"ORLANDO, Fla., May 2, 2025 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended March 31, 2025.","length":196,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Income: Net income attributable to common stockholders was $15.6 million, or $0.15 per share","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDAre: $72.9 million, increased 11.8% compared to the first quarter of 2024","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted FFO per Diluted Share: $0.51, increased 15.9% compared to the first quarter of 2024","length":92,"tagName":"p"}]},{"val":[{"type":"text","content":"Same-Property Occupancy: 69.3%, increased 180 basis points compared to the first quarter of 2024","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"Same-Property ADR: $272.41, increased 3.6% compared to the first quarter of 2024","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"Same-Property RevPAR: $188.73, increased 6.3% compared to the first quarter of 2024.","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Same-Property Hotel EBITDA: $79.3 million, increased 10.5% compared to the first quarter of 2024.","length":97,"tagName":"p"}]},{"val":[{"type":"text","content":"Same-Property Hotel EBITDA Margin: 27.4%, increased 42 basis points compared to the first quarter of 2024.","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Transaction Activity: In March, the Company acquired the fee simple interest in the land underlying Hyatt Regency Santa Clara for $25 million.","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"Financing Activity: In January, the Company drew on its delayed draw $100 million term loan commitment.","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Dividends: The Company increased its first quarter dividend by 17% to $0.14 per share for stockholders of record on March 31, 2025.","length":131,"tagName":"p"}]},{"val":[{"type":"text","content":"Capital Markets Activities: The Company repurchased a total of 2,733,149 shares of common stock at a weighted-average price of $13.09 per share for a total consideration...