Xenia Hotels & Resorts: Q1 Earnings Insights

Shares of Xenia Hotels & Resorts XHR fell 11% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 67.92% year over year to $0.17, which beat the estimate of $0.08.

Revenue of $215,353,000 less by 26.67% from the same period last year, which missed the estimate of $236,020,000.

Outlook

Xenia Hotels & Resorts hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 11, 2020

Time: 07:05 PM ET

Webcast URL: http://investors.xeniareit.com/event

Price Action

Company's 52-week high was at $22.91

52-week low: $6.28

Price action over last quarter: down 49.01%

Company Profile

Xenia Hotels & Resorts Inc is a real estate investment trust that invests in premium full-service, lifestyle, and urban upscale hotels across the United States. The company owns and pursues hotels in the upscale, upper upscale, and luxury segments that are affiliated with leading brands. Its hotels are primarily operated by Marriott, along with Hilton, Hyatt, Starwood, Kimpton, Aston, Fairmont, and Loews. The firm's properties are located in various regions across the U.S.: the South Atlantic, West South Central, Pacific, Mountain, and other. Xenia's revenue is divided between room, food and beverage, and other. The room segment contributes to the vast majority of the firm's total revenue. The firm's customer groups include transient business, group business, and contract business.