Xenia Hotels & Resorts (XHR) came out with quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to FFO of $0.26 per share a year ago.
Xenia has increased its CapEx spending from a year ago and has upgraded several of its hotels in the past 2 years. Xenia has a strong balance sheet with a relatively low-risk debt portfolio. Management is clearly spending for the long run when the economy fully recovers.
Xenia Hotels & Resorts, Inc. (XHR) Q2 2024 Earnings Call Transcript
The headline numbers for Xenia Hotels & Resorts (XHR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Xenia Hotels & Resorts (XHR) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.47 per share a year ago.