Xenia Reports Q1 Revenue of $295.41M, Exceeding Expectations
Reports Q1 revenue $295.41M, consensus $291.33M. "We are pleased with the strong start to 2026, as our portfolio delivered first quarter results that exceeded our expectations" said Marcel Verbaas, Chair and Chief Executive Officer of Xenia. "Record performance at Grand Hyatt Scottsdale Resort and increased group and transient demand throughout the portfolio resulted in Same-Property RevPAR growth of 7.4% versus the first quarter of 2025, with March being a standout month delivering Same-Property RevPAR growth of over 14% versus the same month last year. Favorable top-line performance driven by meaningful ADR growth and solid expense management resulted in margin growth of 270 basis points. Adjusted EBITDAre and Adjusted FFO per share increased nearly 12% and 24%, respectively, reflecting our continued focus on profitability and per share earnings. As a result, we have increased our full-year guidance to reflect the first quarter outperformance."
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- Dividend Declaration: Xenia Hotels has declared a quarterly dividend of $0.14 per share, consistent with previous announcements, reflecting the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Yield Metrics: The forward yield of 3.41% provides shareholders with a relatively attractive return, further enhancing the company's appeal among investors looking for income-generating assets.
- Consistent Payout Record: With six consecutive quarters of $0.14 dividends, Xenia demonstrates a stable financial performance amid economic fluctuations, bolstering market confidence in its long-term investment value.
- Improved Financial Outlook: The company raised its 2026 adjusted EBITDA midpoint to $266 million while projecting RevPAR growth of 2.75%-5.25%, indicating strong business growth potential and competitive positioning in the market.
- Dividend Announcement: Xenia Hotels' Board of Directors has authorized a cash dividend of $0.14 per share for Q2 2026, expected to be paid on July 15, 2026, aimed at rewarding shareholders and boosting investor confidence.
- Record Date for Shareholders: The dividend will be distributed to all shareholders of record as of the close of business on June 30, 2026, ensuring timely returns for investors.
- Company Overview: Xenia is a self-advised REIT focusing on luxury and upper upscale hotels in the top 25 lodging markets and key leisure destinations in the U.S., owning 30 hotels and resorts with a total of 8,868 rooms, showcasing its strong positioning in the high-end market.
- Brand Partnerships: Xenia's hotels are operated in collaboration with industry leaders such as Marriott, Hyatt, and Kimpton, further solidifying its competitive stance in the luxury and upscale hotel sector.
- Dividend Announcement: Xenia Hotels' Board of Directors has authorized a cash dividend of $0.14 per share for Q2 2026, expected to be paid on July 15, 2026, aimed at enhancing shareholder returns and attracting further investor interest.
- Record Date for Shareholders: The record date for this dividend is set for June 30, 2026, ensuring that all shareholders holding stock as of this date will receive the dividend, thereby reinforcing trust between the company and its investors.
- Company Overview: Xenia is a self-advised and self-administered REIT focusing on the top 25 lodging markets and key leisure destinations in the U.S., owning 30 hotels and resorts with a total of 8,868 rooms, showcasing its strong competitive position in the upscale market.
- Brand Partnerships: Xenia's hotels are operated in collaboration with industry leaders such as Marriott, Hyatt, and Kimpton, ensuring brand influence in the luxury and upper upscale segments, which supports the company's long-term growth strategy.

- Stock Sale Announcement: Officer Johnson Joseph Tintend plans to sell 24,916 shares of its common stock on May 6.
- Market Value: The total market value of the shares to be sold is approximately $415.75 million.
- Strong Financial Performance: In Q1 2026, Xenia Hotels reported a net income of $19.8 million, adjusted EBITDA of $81.4 million, and adjusted FFO per share of $0.63, indicating robust operational capacity and strong market demand as all key metrics exceeded expectations.
- Significant RevPAR Growth: Same-property RevPAR increased by 7.4%, total RevPAR reached $370.13, and hotel EBITDA margin expanded to 29.7%, which not only enhances the company's profitability but also strengthens its position in a competitive hotel market.
- Prudent Debt Management: At the end of the quarter, Xenia had approximately $1.4 billion in outstanding debt with a weighted average interest rate of 5.5% and a leverage ratio of about 4.8x, while maintaining over $600 million in liquidity, providing ample financial support for future investments and expansions.
- Cautious Outlook: Although RevPAR is expected to grow between 2.75% and 5.25% for 2026, the reduction of special event uplift expectations related to the World Cup to 25-50 basis points reflects the company's cautious stance on future market uncertainties.








