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

Xenia Hotels cuts 2024 guidance as Q3 Adjusted EBITDAre falls 4.4% to $44.3 million

Mixed Impact 4 of 5 guidance Written later

Xenia Hotels & Resorts reported a third-quarter net loss of $7.1 million, or $0.07 per share, narrowed from $8.5 million a year earlier, while total revenues rose to $236.8 million from $232.0 million. Adjusted EBITDAre fell 4.4% to $44.3 million, and the company lowered its full-year 2024 outlook for net income, Adjusted EBITDAre and Adjusted FFO per diluted share, citing renovation disruption, hurricanes and softer leisure demand.

Key points

  • Q3 2024 Adjusted EBITDAre was $44.3 million, down 4.4%; Adjusted FFO per diluted share was $0.25, down 3.8%
  • Full-year 2024 Adjusted EBITDAre guidance is $234 million to $242 million, a reduction of $9 million to $13 million from prior guidance
  • Full-year 2024 Adjusted FFO per diluted share guidance is $1.54 to $1.62, down $0.08 to $0.12 from prior guidance
  • Hurricanes are estimated to reduce Hotel EBITDA by approximately $2 million over the third and fourth quarters

The filing

CompanyXenia Hotels & Resorts (XHR)
Form8-K, current report
Filed with the SECNov 6, 2024, 4:34 PM ET
Accession number0001616000-24-000076

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 November 06, 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.