Extended Stay America (STAY) Reports In-Line Q1 EPS, Revenues Beat, Comp. RevPAR Down 1.6%; Affirms FY19 EPS/Revenue Guidance

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Go back to Extended Stay America (STAY) Reports In-Line Q1 EPS, Revenues Beat, Comp. RevPAR Down 1.6%; Affirms FY19 EPS/Revenue Guidance

Extended Stay America Announces First Quarter 2019 Results

May 1, 2019 4:30 PM EDT

-  Net Income of $28.4 million for the first quarter
-  Adjusted EBITDA1 of $116.3 million for the first quarter
-  Raises dividend 4.5% to 23¢ per Paired Share for the quarter

CHARLOTTE, N.C., May 01, 2019 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. and ESH Hospitality, Inc. (NASDAQ: STAY) (together, the Company) today announced consolidated results for the three months ended March 31, 2019.

First Quarter 2019 Highlights

Net Income of $28.4 millionTotal revenues of $277.7 millionComparable system-wide Revenue Per Available Room (RevPAR)... More