Xenia Hotels & Resorts (NYSE:XHR) reported a return to profitability in the final quarter of 2025, supported by a significant lift in revenue per available room (RevPAR) and an aggressive pruning of its hotel portfolio.
The company posted fourth-quarter net income of $6.1 million, or $0.07 per share, while full-year net income reached $63.1 million, or $0.64 per share.
A key driver of the performance was the "Same-Property" portfolio, where RevPAR climbed 4.5% during the fourth quarter and 3.9% for the full fiscal year.
Adjusted EBITDAre—a critical metric for real estate investment trusts—totaled $63.6 million for the quarter and $258.3 million for the year.
Throughout 2025, Xenia management executed several major capital allocation moves aimed at strengthening the balance sheet and refining its asset base.
The company completed the sale of the Fairmont Dallas for $111 million and invested $25 million to acquire the land underlying the Hyatt Regency Santa Clara, a move that simplifies its ownership structure in the Silicon Valley market.
The REIT also signaled confidence in its valuation by repurchasing approximately 9.35 million shares over the course of the year.
Investors were further rewarded with a declared quarterly dividend of $0.14 per share.
As of year-end, Xenia maintained a liquidity cushion of approximately $640 million against a total debt load of $1.4 billion, positioning the company to navigate a stabilizing interest rate environment in 2026.