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Diamondrock Hospitality (DRH)
:DRH
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.03Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 0.73%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong performance in urban hotels and group room revenues, supported by strategic capital expenditures and dividend increases. However, challenges persist in the Florida resort market and with upcoming loan maturities in a high-interest environment. The company remains cautious but optimistic about future growth opportunities.Company Guidance
During DiamondRock's fourth quarter 2024 earnings call, the company reported several key financial metrics and provided guidance for 2025. The company achieved a 5.5% increase in comparable total RevPAR over 2023, with urban hotels seeing an 8.2% rise in RevPAR on a 5.4% increase in average daily rate. December RevPAR grew by 13.2% in urban markets, driven by favorable calendar shifts. However, resort hotels saw a 150 basis point decline in RevPAR, with Florida resorts experiencing a 5.8% drop. Group room revenues increased by 8.1% over 2023. Hotel adjusted EBITDA rose by 16.4% to $75.9 million, while corporate adjusted EBITDA grew by nearly 20% to $68.7 million. Adjusted funds from operations increased by 33% to $0.24 per share. For 2025, DiamondRock expects RevPAR growth of 1% to 3%, with corporate adjusted EBITDA projected between $275 million and $300 million. The company plans to pay regular quarterly dividends of $0.08 per share and anticipates a stub dividend depending on operating income. Additionally, DiamondRock is managing refinancing efforts for maturing loans and a corporate credit facility while maintaining a focus on free cash flow and shareholder returns.Strong Urban Hotel Performance
Urban hotels saw an 8.2% increase in RevPAR with a 5.4% increase in average daily rate. December RevPAR was up 13.2%, with notable performances in Chicago, Salt Lake, San Diego, and Boston.
Group Room Revenue Growth
Fourth quarter group room revenues increased 8.1% over 2023, contributing to a 6.4% increase in total food and beverage revenue at urban hotels.
Corporate and Hotel Adjusted EBITDA Growth
Hotel adjusted EBITDA in the fourth quarter was $75.9 million, reflecting 16.4% growth over 2023. Corporate adjusted EBITDA was $68.7 million, an almost 20% growth over 2023.
Successful Capital Expenditure Projects
Completed renovations at several hotels, including Bourbon Orleans and Westin San Diego Bay View, leading to increased revenue and positive ROI.
Dividend Increase
Announced an increase in regular quarterly dividends from $0.03 to $0.08 per share in 2025, with a potential additional stub dividend.
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DRH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DRH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $8.17 | $8.23 | +0.73% |
| Nov 07, 2024 | $9.02 | $9.03 | +0.11% |
| Aug 01, 2024 | $7.86 | $7.86 | 0.00% |
| May 02, 2024 | $8.49 | $8.55 | +0.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Diamondrock Hospitality (DRH) report earnings?
Diamondrock Hospitality (DRH) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Diamondrock Hospitality (DRH) earnings time?
Diamondrock Hospitality (DRH) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DRH EPS forecast?
DRH EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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