Xenia Hotels Q2 adjusted FFO per share rises on higher average daily rate

Overview

• U.S. lodging REIT reported Q2 net loss, reversing prior-year profit

• Adjusted FFO per share for Q2 rose 7% yr/yr

• Company raised full-year adjusted EBITDAre guidance by $7 mln

Outlook

• Xenia raises midpoint of 2026 Adjusted EBITDAre guidance by $7 mln to $273 mln

• Company now sees 2026 Same-Property RevPAR up 4.75%-6.25% vs 2025

• Xenia expects 2026 Adjusted FFO of $187 mln to $199 mln

Result Drivers

• ADR GROWTH - Co said higher average daily rate drove increases in Same-Property RevPAR and Adjusted FFO per share

• DEMAND TRENDS - Co cited encouraging demand trends across a large and diverse cross-section of its markets

• GROUP BOOKINGS - Co said group demand at Grand Hyatt Scottsdale was the strongest in the resort's history

Company press release: ID:nPn5BTZw0a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "hold."

• Wall Street's median 12-month price target for Xenia Hotels Resorts Inc is $21.00, about 3.8% below its July 29 closing price of $21.82

• The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 56 three months ago

Reuters Recommended Reads

• July 29 - Pebblebrook Hotel Trust Q2 hotel EBITDA rises on strong leisure, group demand at resorts

• July 28 - REIT BXP raises 2026 FFO forecast amid return-to-office push

• July 29 - Resilient tourists help US travel firms absorb Middle East shock

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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.)