Earnings Call Summary | Xenia Hotels & Resorts Inc(XHR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Xenia Hotels & Resorts Inc(XHR.US) Q1 2024 Earnings Conference
The following is a summary of the Xenia Hotels & Resorts, Inc. (XHR) Q1 2024 Earnings Call Transcript:
以下是森雅酒店及度假村有限公司（XHR）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Xenia Hotels & Resorts reported a net income of $8.5 million, adjusted EBITDA of $65.3 million, and adjusted FFO per share of $0.44 for Q1 2024.
The company observed a 10% increase in adjusted FFO per share, attributed primarily to significant share buybacks in 2023.
However, adjusted EBITDA declined from Q1 2023, due to the record performance of Hyatt Regency Scottsdale in the previous year.
The same-property RevPAR for the 32 hotel portfolio decreased by 1.5% over the quarter.
Group room revenues increased 8.1% year-on-year, excluding the Hyatt Regency Scottsdale.
Xenia repurchased $6 million in shares during Q1, continuing last year's buyback trend.
Xenia Hotels & Resorts報告稱，2024年第一季度淨收入爲850萬美元，調整後的息稅折舊攤銷前利潤爲6,530萬美元，調整後的每股FFO爲0.44美元。
該公司觀察到調整後的每股FFO增長了10％，這主要歸因於2023年的大量股票回購。
但是，由於斯科茨代爾凱悅酒店去年創紀錄的業績，調整後的息稅折舊攤銷前利潤較2023年第一季度有所下降。
32家酒店投資組合的同類物業的RevPAR在本季度下降了1.5％。
不包括斯科茨代爾凱悅酒店，團體客房收入同比增長8.1％。
Xenia在第一季度回購了600萬美元的股票，延續了去年的回購趨勢。
Business Progress:
業務進展：
Xenia is in the process of renovating and upgrading the Hyatt Regency Scottsdale, with an expected expenditure of $120-130 million on property improvements across the portfolio in 2024.
Completion of all components at the Scottsdale property is projected by the end of 2024, some of them are to be finished by Q3 2024.
Anticipated growth from the Scottsdale project and recent market demand trends combined with restrained supply growth in the submarkets are expected to boost future growth.
Xenia maintains its adjusted FFO per diluted share guidance, targeting approximately 9% growth compared to 2023.
The company experienced robust business transient and group demand in Q1 2024 and remains focused on enhancing consumer properties while targeting recovering markets.
Capital allocation will be balanced between share buybacks and capital expenditure, with Scottsdale as a significant investment for this year.
Future investment opportunities are being explored, particularly those that offer double-digit un-levered returns.
Xenia正在翻新和升級斯科茨代爾凱悅酒店，預計到2024年，整個投資組合的房地產改善支出爲1.2億至1.3億美元。
斯科茨代爾物業的所有組成部分預計將於2024年底完工，其中一些將在2024年第三季度之前完工。
斯科茨代爾項目的預期增長和最近的市場需求趨勢，加上子市場供應增長受限，預計將推動未來的增長。
Xenia維持其調整後的攤薄後每股FFO指引，目標是與2023年相比增長約9％。
該公司在2024年第一季度經歷了強勁的業務過渡和集團需求，並繼續專注於改善消費資產，同時瞄準復甦的市場。
資本配置將在股票回購和資本支出之間取得平衡，斯科茨代爾是今年的重大投資。
正在探索未來的投資機會，尤其是那些提供兩位數無槓桿回報的投資機會。
More details: Xenia Hotels & Resorts Inc IR
更多詳情： 森雅酒店及度假村公司投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。