Xenia Hotels (XHR) Misses Q2 EPS by 2c, Revenues Beat
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Xenia Hotels & Resorts Reports Second Quarter 2018 Results
August 2, 2018 6:30 AM EDTORLANDO, Fla., Aug. 2, 2018 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended June 30, 2018.
Second Quarter 2018 Highlights
Net Income: Net income attributable to common stockholders was $28.8 million and net income per diluted share was $0.26, a 58.5% and 60.0% decline, respectively, year over year due to a $49.2 million gain on sale of investment properties during the second quarter 2017. Same-Property RevPAR: Same-Property RevPAR increased 3.4% compared to the second quarter of 2017 to $177.99, as occupancy increased 190 basis points and ADR... More