Xenia Hotels & Resorts, Inc. (XHR) 10-Year Financial Performance & Capital Metrics

XHR • • REIT / Real Estate

Real EstateHotel REITsLuxury & Upper Upscale HotelsLuxury Urban & Resort Hotels

AboutXenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states. Xenia's hotels are in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality.Show more

Revenue $1.04B +1.3%
FFO $145M -4.0%
FFO/Share 1.42 +1.8%
FFO Payout 33.07% +11.9%
FFO per Share 1.42 +1.8%
NOI Margin 24.28% -7.1%
FFO Margin 13.94% -5.3%
ROE 1.24% -9.8%
ROA 0.56% -12.0%
Debt/Assets 47.14% -1.9%
Net Debt/EBITDA 5.83 +8.7%
Book Value/Share 12.52 +3.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FFO growing 23.8% TTM
✓Sustainable FFO payout ratio of 33.1%
✓Healthy dividend yield of 3.2%
✓Share count reduced 5.7% through buybacks
✓Trading near 52-week high
✓Trading at only 1.2x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.2%
✗Profits declining 21.9% over 5 years
✗Low NOI margin of 24.3%
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.15%

5Y-1.99%

3Y19.03%

TTM4.29%

Profit (Net Income) CAGR

10Y-17.45%

5Y-21.86%

3Y-

TTM131.2%

EPS CAGR

10Y-17.11%

5Y-21.08%

3Y-

TTM133.16%

ROCE

10Y Avg1.96%

5Y Avg0.08%

3Y Avg3.43%

Latest3.15%

Peer Comparison

Luxury Urban & Resort Hotels

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
XHRXenia Hotels & Resorts, Inc.	1.41B	14.87	99.13	1.33%	5.24%	4.6%	1.64%	1.04
HSTHost Hotels & Resorts, Inc.	12.7B	18.47	18.66	7.02%	11.12%	9.72%	7.48%	0.83
BHRBraemar Hotels & Resorts Inc.	208.07M	3.05	-3.96	-1.48%	-1.04%	-3.25%	32.11%	1.70

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	976.14M	950.16M	945.28M	1.06B	1.15B	369.78M	616.19M	997.61M	1.03B	1.04B
Revenue Growth %	0.05%	-0.03%	-0.01%	0.12%	0.09%	-0.68%	0.67%	0.62%	0.03%	0.01%
Property Operating Expenses	665.58M	644.68M	653.86M	742.37M	827.44M	404.52M	488.09M	719.46M	757.28M	786.73M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	206.5M	193.98M	187.8M	184.02M	210.16M	206.95M	188.98M	167.97M	170.55M	165.48M
G&A Expenses	25.56M	32.02M	31.55M	30.46M	30.73M	30.4M	30.78M	34.25M	37.22M	36.24M
EBITDA+	252.32M	264.42M	256.94M	289.94M	266.61M	-95.14M	68.51M	244.04M	229.42M	215.58M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	148.24M	152.91M	153.44M	158.12M	155.13M	146.55M	129.39M	132.65M	131.81M	128.75M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	104.07M	111.5M	103.5M	131.82M	111.48M	-241.69M	-60.88M	111.39M	97.61M	86.83M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	50.82M	48.11M	46.29M	51.4M	48.6M	61.98M	81.28M	82.73M	85M	80.88M
Interest Coverage	2.05x	2.32x	2.24x	2.56x	2.29x	-3.90x	-0.75x	1.35x	1.15x	1.07x
Non-Operating Income	-26.89M	0	0	4.28M	266K	0	3.73M	-31.17M	218K	-7.18M
Pretax Income+	95.43M	91.81M	108.65M	204.53M	62.61M	-182.75M	-145.9M	59.84M	21.32M	13.13M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	6.29M	5.08M	7.83M	5.99M	5.37M	-15.87M	718K	2.21M	1.45M	-3.74M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	88.76M	85.86M	98.86M	193.69M	55.4M	-163.33M	-143.52M	55.92M	19.14M	16.14M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.19%	-0.03%	0.15%	0.96%	-0.71%	-3.95%	0.12%	1.39%	-0.66%	-0.16%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.18%	0.01%	0.06%	0.39%	-0.4%	-1.08%	0.16%	14.35%	-0.2%	-0.04%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.79	0.79	0.92	1.75	0.49	-1.47	-1.29	0.49	0.17	0.15
EPS Growth %	-0.19%	0%	0.16%	0.9%	-0.72%	-4%	0.12%	1.38%	-0.65%	-0.12%
EPS (Basic)	0.79	0.79	0.92	1.76	0.49	-1.47	-1.29	0.49	0.17	0.15
Diluted Shares Outstanding	112.14M	108.14M	107.02M	110.38M	112.92M	113.49M	113.8M	114.42M	108.41M	102.27M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.01B	2.86B	3.12B	3.17B	3.26B	3.08B	3.09B	3.08B	2.9B	2.83B
Asset Growth %	0.02%	-0.05%	0.09%	0.02%	0.03%	-0.06%	0%	-0%	-0.06%	-0.02%
Real Estate & Other Assets+	37.64M	28.26M	36.35M	35.62M	76.15M	66.93M	65.11M	-408.53M	2.64B	2.65B
PP&E (Net)	2.41B	2.44B	2.69B	2.88B	2.93B	2.57B	2.4B	0	0	0
Investment Securities	0	0	0	0	0	0	0	0	0	0
Total Current Assets+	259.27M	310.02M	318.94M	196.41M	231.49M	437.75M	617.38M	403.47M	255.51M	169.34M
Cash & Equivalents	122.15M	216.05M	71.88M	91.41M	110.84M	389.82M	517.38M	305.1M	164.72M	78.2M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	268.26M	76.07M	152.67M	83.15M	84.12M	-437.75M	71.48M	60.81M	58.35M	65.38M
Intangible Assets	18.4M	34.8M	28.18M	27.19M	4.04M	1.61M	596K	210K	48K	6K
Total Liabilities	1.26B	1.21B	1.47B	1.32B	1.49B	1.51B	1.65B	1.62B	1.58B	1.55B
Total Debt+	1.09B	1.08B	1.32B	1.16B	1.29B	1.37B	1.5B	1.43B	1.39B	1.33B
Net Debt	972.38M	861.08M	1.25B	1.06B	1.18B	984.66M	981.39M	1.12B	1.23B	1.26B
Long-Term Debt	1.09B	1.08B	1.32B	1.16B	1.29B	1.37B	1.5B	1.43B	1.39B	1.33B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Capital Lease Obligations	0	0	0	0	27.26M	23.98M	0	19.89M	0	17.69M
Total Current Liabilities+	140.8M	101.84M	106.94M	116.54M	120M	62.68M	89.32M	118.55M	113.18M	115.46M
Accounts Payable	78.44M	71.95M	77M	84.97M	88.2M	62.68M	84.05M	107.1M	102.39M	102.9M
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Liabilities	27.86M	29.81M	40.69M	45.75M	69.84M	75.58M	64.03M	72.39M	76.65M	101.12M
Total Equity+	1.74B	1.65B	1.65B	1.85B	1.78B	1.57B	1.44B	1.46B	1.32B	1.28B
Equity Growth %	0.15%	-0.05%	-0%	0.13%	-0.04%	-0.12%	-0.08%	0.02%	-0.1%	-0.03%
Shareholders Equity	1.73B	1.63B	1.61B	1.82B	1.74B	1.55B	1.43B	1.44B	1.29B	1.24B
Minority Interest	15.93M	21.97M	30.18M	28.79M	36.14M	12.79M	7.09M	18.82M	26.5M	37.23M
Common Stock	1.12M	1.07M	1.07M	1.13M	1.13M	1.14M	1.14M	1.13M	1.02M	1.01M
Additional Paid-in Capital	1.99B	1.93B	1.92B	2.06B	2.06B	2.08B	2.09B	2.06B	1.93B	1.92B
Retained Earnings	-268.99M	-302.03M	-320.96M	-249.65M	-318.43M	-513M	0	-623.22M	-647.25M	-679.84M
Preferred Stock	0	0	0	0	0	0	0	623.22M	0	0
Return on Assets (ROA)	0.03%	0.03%	0.03%	0.06%	0.02%	-0.05%	-0.05%	0.02%	0.01%	0.01%
Return on Equity (ROE)	0.05%	0.05%	0.06%	0.11%	0.03%	-0.1%	-0.1%	0.04%	0.01%	0.01%
Debt / Assets	0.36%	0.38%	0.42%	0.36%	0.4%	0.45%	0.49%	0.46%	0.48%	0.47%
Debt / Equity	0.63x	0.65x	0.80x	0.62x	0.73x	0.88x	1.04x	0.98x	1.06x	1.04x
Net Debt / EBITDA	3.85x	3.26x	4.87x	3.67x	4.43x	-	14.32x	4.61x	5.36x	5.83x
Book Value per Share	15.55	15.27	15.37	16.79	15.72	13.81	12.64	12.76	12.15	12.52

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	193.15M	225.64M	212.81M	254.19M	246.57M	-77.72M	40.76M	187.13M	198.06M	163.72M
Operating CF Growth %	0.06%	0.17%	-0.06%	0.19%	-0.03%	-1.32%	1.52%	3.59%	0.06%	-0.17%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	88.64M	86.73M	100.82M	198.53M	55.4M	-166.89M	-146.62M	57.63M	19.87M	16.87M
Depreciation & Amortization	148.13M	152.91M	153.44M	158.12M	155.33M	143.94M	128.32M	132.11M	131.81M	128.66M
Stock-Based Compensation	6.1M	8.97M	9.93M	9.17M	9.38M	10.93M	11.62M	11.41M	13.17M	13.66M
Other Non-Cash Items	9.39M	3.75M	2.85M	2.6M	32.04M	10.45M	7.02M	-22.95M	4.49M	1.44M
Working Capital Changes	-21.86M	-11.72M	-4.7M	8.72M	-5.58M	-13.19M	10.09M	11.13M	28.73M	3.09M
Cash from Investing+	-216.67M	105.83M	-487.56M	-49.8M	-222.89M	254.19M	-24.21M	-265.39M	-118.75M	-108.25M
Acquisitions (Net)	101.08M	-185.79M	451.9M	65.13M	0	0	0	0	0	0
Purchase of Investments	-245.26M	-116M	-605.51M	-354.15M	0	0	0	-328.49M	0	0
Sale of Investments	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	0	0
Other Investing	-109.11M	223.47M	-401.16M	58.41M	-129.85M	96.63M	2.82M	106.19M	2.15M	32.31M
Cash from Financing+	-17.38M	-237.57M	118.12M	-173.19M	9.66M	57.37M	108.89M	-110.06M	-222.15M	-134.97M
Dividends Paid	-67.72M	-115.13M	-118.44M	-121.73M	-125.86M	-63.16M	-54K	-11.68M	-44.61M	-47.92M
Common Dividends	-67.71M	-115.13M	-118.44M	-121.73M	-125.86M	-63.16M	-54K	-11.68M	-44.61M	-47.92M
Debt Issuance (Net)	-1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K
Share Repurchases	-37.08M	-73.98M	-4.1M	-837K	-598K	-10.89M	-4.09M	-28.2M	-134.1M	-16.5M
Other Financing	151.46M	-6.32M	-5.66M	-18.04M	-418K	-26.77M	-14.32M	-627K	-5.72M	-12.44M
Net Change in Cash+	-40.9M	93.9M	-156.62M	31.2M	33.34M	233.84M	125.44M	-188.32M	-142.84M	-79.49M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	163.05M	122.15M	287.03M	130.4M	161.61M	194.95M	428.79M	554.23M	365.91M	223.07M
Cash at End	122.15M	216.05M	130.4M	161.61M	194.95M	428.79M	554.23M	365.91M	223.07M	143.58M
Free Cash Flow+	139.37M	166.82M	126.41M	145.98M	153.53M	-146.95M	8.94M	116.75M	77.16M	23.17M
FCF Growth %	0.14%	0.2%	-0.24%	0.15%	0.05%	-1.96%	1.06%	12.05%	-0.34%	-0.7%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	2.11	2.21	2.36	3.19	1.86	-0.15	-0.12	1.65	1.39	1.42
FFO Payout Ratio	28.57%	48.22%	46.94%	34.6%	59.79%	-376.5%	-0.38%	6.19%	29.55%	33.07%
NOI Margin	31.82%	32.15%	30.83%	29.85%	27.99%	-9.4%	20.79%	27.88%	26.15%	24.28%
Net Debt / EBITDA	3.85x	3.26x	4.87x	3.67x	4.43x	-	14.32x	4.61x	5.36x	5.83x
Debt / Assets	36.41%	37.66%	42.45%	36.44%	39.63%	44.63%	48.55%	46.4%	48.06%	47.14%
Interest Coverage	2.05x	2.32x	2.24x	2.56x	2.29x	-3.90x	-0.75x	1.35x	1.15x	1.07x
Book Value / Share	15.55	15.27	15.37	16.79	15.72	13.81	12.64	12.76	12.15	12.52
Revenue Growth	5.34%	-2.66%	-0.51%	11.95%	8.59%	-67.82%	66.64%	61.9%	2.79%	1.33%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Occupancy	659.7M	686.49M	217.96M	377.02M	576.28M	588.28M	597.1M
Occupancy Growth	-	4.06%	-68.25%	72.98%	52.85%	2.08%	1.50%
Food and Beverage	335.72M	382.03M	105.86M	173.03M	337.79M	354.11M	350.74M
Food and Beverage Growth	-	13.79%	-72.29%	63.46%	95.22%	4.83%	-0.95%
Hotel, Other Indirect	-	285.92M	161.42M	186.52M	249.99M	263.83M	275.58M
Hotel, Other Indirect Growth	-	-	-43.54%	15.55%	34.03%	5.54%	4.45%
Hotel, Other	62.79M	80.57M	45.96M	66.13M	83.54M	83.05M	91.21M
Hotel, Other Growth	-	28.32%	-42.96%	43.90%	26.32%	-0.58%	9.83%
Hotel, Other Direct	-	30.08M	13M	18.26M	23.85M	23.47M	25.01M
Hotel, Other Direct Growth	-	-	-56.79%	40.49%	30.61%	-1.59%	6.57%

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
Other Geographic Areas	339.93M	376.56M	114.41M	160.32M	263.9M	259.36M	268.6M
Other Geographic Areas Growth	-	10.78%	-69.62%	40.12%	64.61%	-1.72%	3.56%
Orlando, Florida	-	-	-	78.36M	129.01M	132.03M	136.07M
Orlando, Florida Growth	-	-	-	-	64.65%	2.34%	3.06%
Houston, Texas	-	-	-	62.08M	88.76M	104.24M	112.88M
Houston, Texas Growth	-	-	-	-	42.98%	17.43%	8.29%
San Diego, California	-	-	-	64.87M	101.53M	102.51M	102.71M
San Diego, California Growth	-	-	-	-	56.50%	0.97%	0.19%
Dallas, Texas	-	-	-	33.15M	63.14M	71.91M	77.14M
Dallas, Texas Growth	-	-	-	-	90.49%	13.88%	7.27%
Atlanta, Georgia	-	-	-	36.89M	56.94M	64.39M	68.97M
Atlanta, Georgia Growth	-	-	-	-	54.35%	13.09%	7.11%
Phoenix, Arizona	-	-	-	70.51M	108.75M	85.09M	64.81M
Phoenix, Arizona Growth	-	-	-	-	54.24%	-21.75%	-23.84%
San Francisco & San Mateo, California	-	-	-	21.9M	48.46M	54.72M	57.89M
San Francisco & San Mateo, California Growth	-	-	-	-	121.26%	12.92%	5.79%
Washington DC & Maryland & Virginia	-	-	-	25.78M	45.22M	47.82M	46.25M
Washington DC & Maryland & Virginia Growth	-	-	-	-	75.42%	5.76%	-3.30%
Denver, Colorado	-	-	-	36.86M	48.48M	-	-
Denver, Colorado Growth	-	-	-	-	31.53%	-	-
Florida Keys	-	-	-	25.47M	-	-	-
Florida Keys Growth	-	-	-	-	-	-	-
Orlando Florida Area	116.44M	117.55M	45.15M	-	-	-	-
Orlando Florida Area Growth	-	0.95%	-61.59%	-	-	-	-
Phoenix, Arizona Area	96.12M	98.31M	41.74M	-	-	-	-
Phoenix, Arizona Area Growth	-	2.28%	-57.54%	-	-	-	-
Houston, Texas Area	94.13M	100.28M	33.78M	-	-	-	-
Houston, Texas Area Growth	-	6.54%	-66.31%	-	-	-	-
San Diego, California Area	-	80M	26.7M	-	-	-	-
San Diego, California Area Growth	-	-	-66.62%	-	-	-	-
Atlanta, Georgia Area	-	62.04M	23.4M	-	-	-	-
Atlanta, Georgia Area Growth	-	-	-62.28%	-	-	-	-
Dallas, Texas Area	69.65M	74.36M	19.3M	-	-	-	-
Dallas, Texas Area Growth	-	6.76%	-74.05%	-	-	-	-
San Francisco, San Mateo, California Area	72.78M	74.16M	18.73M	-	-	-	-
San Francisco, San Mateo, California Area Growth	-	1.89%	-74.75%	-	-	-	-
Denver Colorado Area	46.37M	55.52M	17.49M	-	-	-	-
Denver Colorado Area Growth	-	19.72%	-68.50%	-	-	-	-
Washington DC, Maryland, Virginia Area	73.07M	51.35M	15.22M	-	-	-	-
Washington DC, Maryland, Virginia Area Growth	-	-29.73%	-70.35%	-	-	-	-
California North Area	45.01M	-	13.86M	-	-	-	-
California North Area Growth	-	-	-	-	-	-	-
San Jose, Santa Cruz, California Area	58.57M	58.98M	-	-	-	-	-
San Jose, Santa Cruz, California Area Growth	-	0.69%	-	-	-	-	-
Boston, Massachusetts Area	46.15M	-	-	-	-	-	-
Boston, Massachusetts Area Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Xenia Hotels & Resorts, Inc. (XHR) has a price-to-earnings (P/E) ratio of 99.1x. This suggests investors expect higher future growth.

Growth & Financials

Xenia Hotels & Resorts, Inc. (XHR) reported $1.07B in revenue for fiscal year 2024. This represents a 130% increase from $466.9M in 2012.

Xenia Hotels & Resorts, Inc. (XHR) grew revenue by 1.3% over the past year. Growth has been modest.

Yes, Xenia Hotels & Resorts, Inc. (XHR) is profitable, generating $56.4M in net income for fiscal year 2024 (1.6% net margin).

Dividend & Returns

Yes, Xenia Hotels & Resorts, Inc. (XHR) pays a dividend with a yield of 3.15%. This makes it attractive for income-focused investors.

Xenia Hotels & Resorts, Inc. (XHR) has a return on equity (ROE) of 1.2%. This is below average, suggesting room for improvement.

Industry Metrics

Xenia Hotels & Resorts, Inc. (XHR) generated Funds From Operations (FFO) of $187.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Xenia Hotels & Resorts, Inc. (XHR) offers a 3.15% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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