BETHESDA, Maryland- DiamondRock Hospitality Company (Nasdaq: DRH, the 'Company'), a lodging real estate investment trust that owns a portfolio of 35 premium hotels and resorts in the United States, today announced results of operations for the quarter ended March 31, 2026.
FIRST QUARTER 2026 HIGHLIGHTS
Net Income: Net income attributable to common stockholders was $14.5 million, or $0.07 per diluted share, an increase of 54.3% and 75.0%, respectively, compared to the first quarter of 2025.
Adjusted EBITDA: $60.6 million, an increase of 8.0% compared to the first quarter of 2025.
Adjusted FFO per Diluted Share: $0.22, an increase of 15.8% compared to the first quarter of 2025.
Comparable RevPAR: $190.01, an increase of 2.0% compared to the first quarter of 2025.
Comparable Total RevPAR: $298.95, an increase of 2.5% compared to the first quarter of 2025, driven by a 3.4% increase in out-of-room revenues.
Comparable Hotel Adjusted EBITDA: $66.2 million, an increase of 8.0% compared to the first quarter of 2025.
Comparable Hotel Adjusted EBITDA Margin: 25.63%, an increase of 127 basis points compared to the first quarter of 2025.
Westin Boston Seaport District Franchise Agreement: The Company executed a new franchise agreement for the Westin Boston Seaport District that will retain the Westin flag. The current franchise agreement expires on December 31, 2026, and the new agreement is effective as of January 1, 2027.
Hotel Under Contract for Disposition: As of March 31, 2026, the Company was under contract to sell one hotel with its closing expected in the second quarter of 2026.
RECENT DEVELOPMENT
Share Repurchases: Subsequent to the quarter ended March 31, 2026, the Company repurchased 0.1 million shares of its common stock at an average price of $9.38 per share for a total consideration of approximately $1.3 million. On April 28, 2026, the Company's Board of Directors approved a new $300 million share repurchase program, which replaces the Company's existing share repurchase program.
See more at: https://investor.drhc.com/static-files/c05be42a-bf02-48a2-b168-f0ff512e3a0f
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