Overview

* Xenia Hotels Q3 net loss $13.7 mln, adjusted EBITDAre down 4.6% yr/yr

* Adjusted FFO per share for Q3 decreased 8% yr/yr

* Company repurchased 974,645 shares for $12.3 mln during Q3

Outlook

* Xenia expects full-year 2025 Same-Property RevPAR to increase 4%

* Company anticipates 2025 Adjusted EBITDAre of $254 mln at midpoint

* Xenia sees robust group demand driving non-rooms revenue growth in 2026

Result Drivers

* HOUSTON MARKET IMPACT - Performance in Houston was a drag on portfolio due to tough comparisons from Hurricane Beryl last year

* GRAND HYATT SCOTTSDALE - Significant growth at Grand Hyatt Scottsdale aided RevPAR excluding Houston

* F&B ENHANCEMENTS - Stronger group contribution and enhanced F&B offerings drove 8.5% increase in Same-Property Total RevPAR

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$0.14

Q3 Net -$13.73

Income mln

Q3 $22.18

Adjusted mln

FFO

Q3 $0.23

Adjusted

FFO Per

Share

Q3 $0.14

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "hold."

* Wall Street's median 12-month price target for Xenia Hotels & Resorts Inc ( XHR ) is $15.00, about 15.1% above its October 30 closing price of $12.74

* The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)