Xenia Hotels & Resorts, Inc. reported its first quarter 2025 financial results, highlighting a net income attributable to common stockholders of $15.6 million, or $0.15 per share, marking an 82.6% increase from the same period in 2024. Adjusted EBITDAre rose by 11.8% to $72.9 million, while Adjusted FFO per diluted share increased by 15.9% to $0.51. The company's same-property occupancy improved to 69.3%, an increase of 180 basis points compared to the first quarter of 2024, and same-property average daily rate $(ADR.AU)$ was up by 3.6% to $272.41. Additionally, same-property revenue per available room (RevPAR) increased by 6.3% to $188.73. Significant business updates include a 17% increase in the first quarter dividend to $0.14 per share and the repurchase of 2.7% of outstanding shares, totaling approximately $35.8 million. Despite the strong first-quarter performance, the company has adjusted its expectations for full-year revenue and earnings growth due to macroeconomic uncertainties. Xenia completed two transactions to enhance its portfolio and plans to reduce general and administrative expenses as well as capital expenditures while maintaining a disciplined approach to property-level expense management.
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