Xenia Hotels Q3 revenue skyrockets 11.6% to $263.84 million
Key points
- Xenia Hotels & Resorts reported third-quarter 2026 revenue of $263.84 million, up 11.6% year over year, exceeding Wall Street's $255.52 million estimate.
- Adjusted funds from operations reached $0.36 per diluted share, while the company's net loss narrowed to $2.7 million from $13.7 million.
- Xenia raised its full-year 2026 adjusted FFO guidance to $2.08–$2.14 per share, citing higher hotel occupancy and room revenue.
Xenia Hotels & Resorts (NYSE:XHR) reported third-quarter 2026 revenue of $263.84 million, up 11.6%, as hotel occupancy and room rates increased.
Revenue rose from $236.42 million a year earlier, exceeding analysts' $255.52 million estimate, while the net loss narrowed to $2.7 million.
"The revenue growth we saw in the first three quarters of the year has continued into October," said Xenia Chief Executive Officer Marcel Verbaas.
Adjusted funds from operations reached $34.6 million, or $0.36 per diluted share, while same-property revenue per available room rose 12.5% to $184.75.
Xenia raised its 2026 adjusted FFO forecast to $2.08–$2.14 per share from $1.96–$2.08, reflecting its updated expectations for hotel performance.
Same-property occupancy increased to 70.0% from 66.2%, while average daily room rates rose 6.4% to $264.00.
The company sold the 85-room Kimpton RiverPlace Hotel for $11 million in July and reported nine-month adjusted EBITDAre of $212.7 million.
