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XHR

Xenia Hotels & Resorts, Inc.

XHR

Xenia Hotels & Resorts, Inc. • NYSE
$13.98 ▼ -0.14% (-0.02)
Market Cap $1.33 B
52w High $16.50
52w Low $8.55
Dividend Yield 0.54%
P/E 24.96
Volume 276.07K
Outstanding Shares 94.81M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $236.417M ▼ $8.638M ▼ $-13.738M ▼ -5.811% ▼ $-0.14 ▼ $39.189M ▼
Q2-2025 $287.579M ▼ $43.956M ▲ $55.157M ▲ 19.18% ▲ $0.54 ▲ $72.849M ▲
Q1-2025 $288.927M ▲ $42.956M ▲ $15.585M ▲ 5.394% ▲ $0.15 ▲ $69.056M ▲
Q4-2024 $261.849M ▲ $40.607M ▲ $-638K ▲ -0.244% ▲ $-0.007 ▲ $52.922M ▲
Q3-2024 $236.806M $39.674M $-7.091M -2.994% $-0.07 $43.941M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $188.242M ▲ $2.868B ▼ $1.644B ▲ $1.177B ▼
Q2-2025 $172.609M ▲ $2.875B ▼ $1.613B ▼ $1.216B ▲
Q1-2025 $112.564M ▲ $2.89B ▲ $1.641B ▲ $1.209B ▼
Q4-2024 $78.201M ▼ $2.832B ▼ $1.551B ▼ $1.243B ▼
Q3-2024 $161.469M $2.904B $1.606B $1.263B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-14.528M ▼ $64.044M ▲ $-18.786M ▼ $-27.276M ▲ $17.982M ▼ $44.182M ▲
Q2-2025 $58.561M ▲ $36.313M ▼ $83.712M ▲ $-51.1M ▼ $68.925M ▲ $17.825M ▼
Q1-2025 $16.507M ▲ $54.766M ▲ $-56.197M ▼ $39.917M ▲ $38.486M ▲ $22.413M ▲
Q4-2024 $-777K ▲ $30.582M ▼ $-23.77M ▼ $-87.857M ▼ $-81.045M ▼ $6.18M ▲
Q3-2024 $-6.021M $51.199M $-16.462M $-15.212M $19.525M $4.314M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Food and Beverage
Food and Beverage
 $90.00M ▲$100.00M ▲$100.00M ▲$80.00M ▼
Hotel Other
Hotel Other
 $20.00M ▲$20.00M ▲$30.00M ▲$20.00M ▼
Hotel Other Direct
Hotel Other Direct
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Hotel Other Indirect
Hotel Other Indirect
 $70.00M ▲$0 ▼$70.00M ▲$70.00M ▲
Occupancy
Occupancy
 $140.00M ▲$160.00M ▲$160.00M ▲$130.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has steadily recovered from the pandemic shock and is now running comfortably above those crisis years, but growth recently looks more like a gentle climb than a sharp surge. Profitability has improved a lot compared with the deep losses seen earlier in the decade, with operating and EBITDA margins now clearly positive. That said, net income remains modest, and earnings per share have softened slightly in the most recent year, suggesting rising costs, renovation disruption, or slower room-rate growth may be weighing on the bottom line. Overall, the income statement shows a business that has successfully moved from recovery to stability, but still feels cyclical and sensitive to the broader travel and rate environment.

Balance Sheet

Balance Sheet The balance sheet reflects a large, fairly stable hotel real estate portfolio that hasn’t changed dramatically in size over the past several years. Debt is meaningful, as is typical for hotel REITs, but has edged down a bit, which helps reduce risk over time. Equity has drifted slightly lower, which may point to a mix of dividends, asset revaluations, or buybacks offsetting the profits being generated. Cash on hand has come down from earlier, more conservative levels, leaving the company less cash-rich and more reliant on ongoing cash flow and credit lines. Overall, the balance sheet looks steady but clearly leveraged, with a moderate cushion to handle shocks and a strong focus on the underlying property assets.

Cash Flow

Cash Flow Cash flow from operations has turned consistently positive and is now at a healthy level compared with the worst of the pandemic period, indicating that the hotels are generating solid day-to-day cash. Free cash flow is positive but relatively thin and somewhat choppy, mainly because the company is putting meaningful money into renovations and property upgrades. Capital spending has clearly stepped up versus the immediate post-pandemic years, which supports future competitiveness but reduces near-term free cash flow. In practice, this means Xenia can fund a good portion of its investment from internal cash, but big projects or acquisitions may still require additional financing or asset sales.

Competitive Edge

Competitive Edge Xenia’s competitive strength comes from owning upper-upscale and luxury hotels in top U.S. markets and attractive leisure destinations, often under well-known brands such as Marriott, Hyatt, and Hilton. These locations tend to benefit from both business and high-end leisure travel, and strong brand affiliations bring powerful reservation systems, loyalty programs, and revenue management tools. The company also actively prunes and upgrades its portfolio, which helps keep the average asset quality high. On the flip side, hotel demand is cyclical and highly sensitive to economic conditions, corporate travel budgets, and competition from both new hotels and alternative lodging. High fixed costs and meaningful leverage amplify the impact of any downturn, so the competitive position is strong but exposed to macro and travel cycles.

Innovation and R&D

Innovation and R&D Innovation here is less about inventing new technology and more about how Xenia reinvests in and positions its properties. The company focuses on major renovations, guest-experience upgrades, and strategic repositioning, often incorporating modern tech through its brand partners—things like improved connectivity, digital check-in, and smart-room features. It is also leaning into sustainability and energy-efficient systems, which can help reduce operating costs over time. A notable angle is its push for destination-worthy food and beverage concepts, such as the planned overhaul at W Nashville with a high-profile restaurant partner, which can differentiate properties and drive higher spending per guest. The main risk is execution: renovations are costly, can cause temporary disruption, and need to generate enough incremental revenue to justify the investment.

Summary

Xenia now looks like a hotel REIT that has successfully navigated the pandemic crisis and shifted into a more stable, optimization-focused phase. Revenues and operating profits have recovered well, but overall earnings are still modest and likely to remain sensitive to economic swings, travel trends, and operating costs. The balance sheet shows a solid property base with meaningful but gradually declining debt and a slimmer cash cushion, underscoring the importance of steady hotel-level cash flows. The company’s edge lies in high-quality, well-located, branded properties and an active approach to renovations and asset management, plus some creative moves in food, beverage, and guest experience. Key things to watch going forward include how well new projects boost property performance, the resilience of demand in its core markets during any slowdown, and how comfortably it manages leverage and capital spending in a higher-interest-rate world.

NEWS

November 13, 2025 · 4:30 PM UTC

Xenia Hotels & Resorts Declares Dividend for Fourth Quarter 2025

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October 31, 2025 · 6:30 AM UTC

Xenia Hotels & Resorts Reports Third Quarter 2025 Results

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September 15, 2025 · 6:30 AM UTC

Xenia Hotels & Resorts Declares Dividend for Third Quarter 2025

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September 2, 2025 · 6:30 AM UTC

Xenia Hotels & Resorts Announces Timing of Third Quarter 2025 Earnings Release and Conference Call

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