Earnings2Q results beat with EBITDA/FFO upside as XHR continues to deliver with a strong relative growth setup led by Scottsdale's post-renovation ramp.
Financial PerformanceRevenue of $288mm beat consensus of $273mm with upside in F&B and other revenues.
Portfolio StrategyXHR's high-quality and Sunbelt-oriented portfolio, with reasonable leverage, no meaningful near-term maturities, and support from share repurchases.