Every material Form 8-K Xenia Hotels & Resorts filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Xenia Hotels & Resorts reported a third-quarter 2023 net loss attributable to common stockholders of $8.5 million, or $0.08 per share, compared with a $1.7 million loss, or $0.01 per share, a year earlier. The company lowered its high-end full-year 2023 guidance, citing moderately reduced expectations for the fourth quarter, which matters to shareholders because it signals weaker near-term earnings tied to renovation disruption and moderating leisure demand.
Q3 2023 Adjusted EBITDAre was $46.3 million, down 13.9% from the third quarter of 2022; same-property RevPAR rose 0.4% to $158.48.
Full-year 2023 Adjusted EBITDAre guidance is $246 million to $254 million; the high end was cut by $10 million and the low end was raised by $2 million.
Full-year 2023 Adjusted FFO per diluted share guidance is $1.48 to $1.55; the high end was cut by $0.05.
Preliminary October 2023 same-property RevPAR was approximately $191, 2.3% below October 2022.
Xenia Hotels & Resorts reported second quarter 2023 results on August 2, 2023. Net income attributable to common stockholders fell 50.1% to $13.8 million, Adjusted EBITDAre fell 15.7% to $74.7 million, and Adjusted FFO per diluted share fell to $0.47 from $0.57 a year earlier. The company updated full-year 2023 guidance, raising the low end of several ranges while lowering the high end of most measures, which shows the weaker second quarter is affecting the outlook.
Q2 2023 net income attributable to common stockholders was $13.8 million, or $0.12 per share, down from $27.6 million, or $0.24 per share, in Q2 2022
Adjusted EBITDAre was $74.7 million, down 15.7%; Same-Property RevPAR was $182.49, down 2.0%
Full-year 2023 Same-Property RevPAR change guidance is 4% to 6%, with the high end lowered by 2 percentage points; Adjusted FFO per diluted share guidance is $1.42 to $1.60
In Q2 the company repurchased 2,539,888 shares for approximately $31.9 million and retired $30 million of 6.375% Senior Notes due August 2025
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Xenia Hotels & Resorts filing is on SEC EDGAR ↗. 8-K briefs of other companies →