Xenia Hotels (XHR) Tops Q4 FFO by 3c
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Xenia Hotels & Resorts Reports Fourth Quarter and Full Year 2016 Results, and Provides 2017 Guidance
February 28, 2017 6:30 AM ESTORLANDO, Fla., Feb. 28, 2017 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the fourth quarter and full year ended December 31, 2016.Â
Fourth Quarter 2016 Highlights
Net Income: Net income attributable to common stockholders was $48.8 million and net income per diluted share was $0.44, decreases of 21.1% and 20.0%, respectively, compared to the fourth quarter of 2015, partially due to a difference in the gain on sale of investment properties of $13.6 million. Same-Property RevPAR: Same-Property RevPAR decreased 4.2% compared to the fourth quarter of 2015 to $138.37, as occupancy... More