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AI brief of an SEC Form 8-K · Xenia Hotels & Resorts (XHR)

Xenia Hotels & Resorts Q1 profit rises; Adjusted EBITDAre down 8.5%

Mixed Impact 3 of 5 earnings Written later

Xenia Hotels & Resorts reported first-quarter 2024 net income attributable to common stockholders of $8.5 million, or $0.08 per share, up from $6.3 million, or $0.06 per share, a year earlier. Adjusted EBITDAre fell 8.5% to $65.3 million, and the company said the renovation of Hyatt Regency Scottsdale weighed on results. The company kept the midpoint of its 2024 Adjusted EBITDAre guidance range, which narrows the range by moving the low end up $2 million and the high end down $2 million.

Key points

  • Net income attributable to common stockholders was $8.5 million, or $0.08 per share, versus $6.3 million, or $0.06 per share, in the first quarter of 2023.
  • Adjusted EBITDAre was $65.3 million, down 8.5%; Adjusted FFO per diluted share was $0.44, up from $0.40.
  • Same-Property RevPAR was $176.86, down 1.5%; excluding Hyatt Regency Scottsdale, RevPAR rose 3.7%.
  • 2024 Adjusted EBITDAre guidance is $246 million to $262 million; the company maintained the midpoint and said it expects the Scottsdale renovation to be completed by year-end 2024.

The filing

CompanyXenia Hotels & Resorts (XHR)
Form8-K, current report
Filed with the SECMay 2, 2024, 4:32 PM ET
Accession number0001616000-24-000040

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.