10-K · February 24, 2026
Xenia reiterates a focused strategy of investing in luxury and upper-upscale hotels concentrated in the top 25 U.S. lodging markets and key leisure destinations, supported by an in-house asset and project management…
Earnings analysis · 10-Q
XHR earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
Xenia Hotels & Resorts reported strong Q1 2026 results with revenue of $295.4 million, up 2.2% year-over-year, and EPS of $0.63, exceeding estimates. The company benefited from increased occupancy and average daily…
Read full summary
Xenia Hotels & Resorts reported strong Q1 2026 results with revenue of $295.4 million, up 2.2% year-over-year, and EPS of $0.63, exceeding estimates. The company benefited from increased occupancy and average daily rates, demonstrating the effectiveness of its operational strategies amidst rising demand in the lodging sector.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.63
What stood out
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Revenue Growth of 2.2% YoY
Revenue increased to $295.4 million from $288.9 million in Q1 2025.
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Strong EPS Beat
Reported EPS for the quarter was $0.63, significantly above the estimated $0.37.
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RevPAR Increased by 9.1%
RevPAR improved to $205.93, up from $188.73 in Q1 2025, driven by higher occupancy.
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Operating Income Increase
Net income rose 28.5% to $21.2 million compared to $16.5 million in Q1 2025.
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Adjusted FFO Growth of 16.3%
Adjusted FFO attributable to common stock holders increased to $60.6 million from $52.1 million in Q1 2025.
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Decrease in Interest Expense
Interest expenses were reduced to $20.9 million from $21.1 million in Q1 2025.
What to watch
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High Debt Levels
Total outstanding debt was $1.4 billion as of March 31, 2026, with a weighted average interest rate of 5.53%.
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Economic Sensitivity
The company's performance is heavily tied to economic factors and consumer confidence, which remain volatile.
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Regulatory Risks
Changes in federal, state, or local tax laws could adversely affect the REIT's payouts and operational flexibility.
Management's outlook
Outlook includes increased estimates for Adjusted EBITDAre to $258-$274 million from $250-$270 million.
Earlier filings 4
10-Q · May 2, 2025
Xenia reported Q1 revenue of $288,927,000, up $21,439,000 (+8.0%) versus Q1 2024 revenue of $267,488,000, with operating income rising to $35,864,000 (operating margin ~12.4%) and diluted EPS of $0.15 (vs $0.08 prior…
10-Q · May 3, 2024
Xenia Hotels & Resorts reported Q1 2024 results with revenues of $267.49 million, slightly down from $268.97 million in Q1 2023, while EPS rose to $0.44, exceeding estimates and demonstrating growth from $0.06 in the…
10-Q · August 2, 2023
Xenia reported Q2 2023 revenue of $271.1M (down from $283.5M in Q2 2022) and operating income of $35.0M (down from $50.7M a year ago), driving net income of $14.4M and diluted EPS of $0.12 for the quarter. Operating…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.