Xenia Hotels (XHR) Tops Q3 FFO by 2c

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Xenia Hotels & Resorts Reports Third Quarter 2018 Results

November 5, 2018 6:30 AM EST

ORLANDO, Fla., Nov. 5, 2018 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended September 30, 2018.

Third Quarter 2018 Highlights

Net Income: Net income attributable to common stockholders was $9.2 million and net income per diluted share was $0.08, a decline of 20.6% and 27.3%, respectively, year over year.Same-Property RevPAR: Same-Property RevPAR was $158.25, essentially flat compared to the third quarter of 2017, as occupancy declined 189 basis points and ADR increased 2.5%.Same-Property Hotel EBITDA... More