DiamondRock Hospitality (DRH) Misses Q4 EPS

DiamondRock Hospitality (NYSE: DRH) reported Q4 EPS of ($1.04), versus the analyst estimate of ($0.32).

• Net Loss: Net loss was $208.3 million and loss per diluted share was $1.04.
• Comparable Revenues: Comparable total revenues decreased 75.2% from the comparable period of 2019.
• Comparable RevPAR: RevPAR decreased 77.1% from the comparable period of 2019.
• Hotel Adjusted EBITDA: Hotel Adjusted EBITDA was ($7.6) million, a 56.3% improvement from the third quarter 2020.
• Adjusted EBITDA: Adjusted EBITDA was ($14.9) million, a decrease of $77.6 million from 2019.
• Adjusted FFO: Adjusted FFO was ($8.3) million and Adjusted FFO per diluted share was ($0.04).
• ATM Equity Offering Program: The Company issued common stock under its \"at-the-market\" equity offering program during the year ended December 31, 2020. The Company opportunistically sold 10.7 million shares of its common stock at an average price of $8.23 per share for net proceeds of $86.8 million.
• Liquidity: The Company's liquidity increased during the quarter by $47.2 million to $481.7 million, comprised of $111.8 million of unrestricted corporate cash, $24.9 million of unrestricted cash at its hotels and $345.0 million of capacity on the Company\'s revolving credit facility

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

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