DiamondRock Hospitality (DRH) Misses Q2 FFO by 1c

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DiamondRock Hospitality Company Reports Second Quarter 2016 Results

August 5, 2016 7:30 AM EDT

BETHESDA, Md., Aug. 5, 2016 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 26 premium hotels in the United States, today announced results of operations for the quarter ended June 30, 2016.

Second Quarter 2016 Highlights

Net Income: Net income was $44.2 million and earnings per diluted share was $0.22. Comparable RevPAR: RevPAR was $197.52, a 0.8% increase from the comparable period of 2015. Comparable Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 35.85%, an increase of 11 basis points from the... More