DiamondRock Hospitality (DRH) Tops Q4 EPS by 1c

DiamondRock Hospitality (NYSE: DRH) reported Q4 EPS of $0.12, $0.01 better than the analyst estimate of $0.11.

• Net Income: Net income was $24.0 million and earnings per diluted share was $0.12.
• Comparable RevPAR: RevPAR was $188.55, a 1.9% increase from the comparable period of 2017.
• Comparable Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 30.23%, a 92 basis point contraction from the comparable period of 2017. Excluding the Westin Boston, which was impacted by a union strike, the Company's Hotel Adjusted EBITDA margin was flat to the comparable period of 2017.
• Adjusted EBITDA: Adjusted EBITDA was $64.5 million, an increase of $2.6 million from 2017.
• Adjusted FFO: Adjusted FFO was $53.8 million and Adjusted FFO per diluted share was $0.26.
• Hotel Acquisition: In December 2018, the Company acquired Cavallo Point in Sausalito, California for total consideration of $152 million.
• Business Interruption Income: The Company recognized $3.1 million of business interruption income during the quarter related to the insurance claim for Frenchman\'s Reef and Morning Star Marriott Beach Resort ("Frenchman's Reef").
• Share Repurchases: The Company began repurchasing shares of its common stock in December 2018. To date, the Company has repurchased 6.5 million shares of its common stock at an average price of $9.50 per share.

For earnings history and earnings-related data on DiamondRock Hospitality (DRH) click here.

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