Xenia Hotels beats top-line and bottom-line estimates; updates FY25 outlook

* Xenia Hotels press release [https://seekingalpha.com/pr/20287906-xenia-hotels-and-resorts-reports-third-quarter-2025-results] (XHR [https://seekingalpha.com/symbol/XHR]): Q3 FFO of $0.23 beats by $0.01.
* Revenue of $236.42M (-0.2% Y/Y) beats by $0.65M.
* Net Loss: Net loss attributable to common stockholders was $13.7 million, or $0.14 per share
* Adjusted EBITDAre: $42.2 million, decreased 4.6% compared to the third quarter of 2024.
* Same-Property Occupancy: 66.3%, decreased 100 basis points compared to the third quarter of 2024
* Same-Property ADR: $248.09, increased 1.6% compared to the third quarter of 2024
* Same-Property RevPAR: $164.50, flat compared to the third quarter of 2024
* Same-Property Total RevPAR: $289.76, increased 3.7% compared to the third quarter of 2024
* Same-Property Hotel EBITDA: $47.0 million, increased 0.7% compared to the third quarter of 2024
* Same-Property Hotel EBITDA Margin: 19.9%, decreased 60 basis points compared to the third quarter of 2024.

*
CURRENT FULL YEAR 2025 OUTLOOK AND GUIDANCE

THE COMPANY HAS UPDATED ITS FULL YEAR 2025 OUTLOOK.

Current Full Year 2025Guidance

Variance to PriorGuidance

Low End

High End

Low End

High End

($ in millions, except stats and per share data)

Net Income

$59

$67

$1

$(5)

Same-Property (30 Hotel) RevPAR Change (vs. 2024)

3.50 %

4.50 %

— %

(1.00) %

Adjusted EBITDAre

$250

$258

$1

$(5)

Adjusted FFO

$167

$175

$1

$(5)

Adjusted FFO per Diluted Share

$1.68

$1.76 VS. CONSENSUS OF $1.73

$0.02

$(0.04)

Capital Expenditures

$87.5

$92.5

$12.5

$7.5

Click to enlarge
Current full year 2025 guidance is inclusive of the following assumptions:

* Capital expenditures are expected to have minimal disruption to revenues. Final capital expenditures related to the transformative renovation of Grand Hyatt Scottsdale Resort are included in guidance.
* General and administrative expense of approximately $24 million, excluding non-cash share-based compensation - no change from prior guidance
* Interest expense of approximately $81 million, excluding non-cash loan related costs - no change from prior guidance
* Income tax expense of approximately $2 million - no change from prior guidance
* 99.5 million weighted-average diluted shares/units - a decrease of 0.4 million shares/units from prior guidance

MORE ON XENIA HOTELS

* Xenia Hotels & Resorts Continues To Reinvent Itself [https://seekingalpha.com/article/4828685-xenia-hotels-and-resorts-continues-to-reinvent-itself]
* Seeking Alpha’s Quant Rating on Xenia Hotels [https://seekingalpha.com/symbol/XHR/ratings/quant-ratings]
* Historical earnings data for Xenia Hotels [https://seekingalpha.com/symbol/XHR/earnings]
* Dividend scorecard for Xenia Hotels [https://seekingalpha.com/symbol/XHR/dividends/scorecard]
* Financial information for Xenia Hotels [https://seekingalpha.com/symbol/XHR/income-statement]