Xenia Hotels & Resorts (XHR)
NYSE:XHR
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Xenia Hotels & Resorts
(NYSE:XHR)
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Rating:62Neutral
Price Target:
$16.50
â–²(9.20% Upside)
Action:ReiteratedDate:02/25/26
The score is anchored by improving fundamentals and a generally positive 2026 outlook (RevPAR/FFO growth, Scottsdale ramp, liquidity and buybacks), but constrained by elevated leverage and cost inflation that limit EBITDA expansion and increase cyclicality. Technicals are supportive, while valuation appears only fair given the leverage and modest EBITDA growth, despite a solid dividend yield.
Positive Factors
RevPAR and Revenue Recovery
Sustained same‑property RevPAR gains driven by group demand and the Grand Hyatt Scottsdale ramp indicate durable demand at Xenia's core upper‑upscale assets. Persistent RevPAR improvement supports steady room rate and occupancy trends, underpinning recurring revenue and FFO over the next several quarters.
Negative Factors
Elevated Leverage
Leverage near 5.2x materially exceeds management's long‑term low‑3x to low‑4x target, constraining financial flexibility. Higher debt increases interest burden and cyclicality of returns, limiting capacity for acquisitions or large capex without further de risking or equity issuance in weaker revenue periods.
Read all positive and negative factors
Positive Factors
Negative Factors
RevPAR and Revenue Recovery
Sustained same‑property RevPAR gains driven by group demand and the Grand Hyatt Scottsdale ramp indicate durable demand at Xenia's core upper‑upscale assets. Persistent RevPAR improvement supports steady room rate and occupancy trends, underpinning recurring revenue and FFO over the next several quarters.
Read all positive factors
Xenia Hotels & Resorts (XHR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.39B
Dividend Yield3.71%
Average Volume (3M)919.63K
Price to Earnings (P/E)21.7
Beta (1Y)1.16
Revenue Growth4.29%
EPS Growth141.01%
CountryUS
Employees46
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)0.07
Shares Outstanding92,153,930
10 Day Avg. Volume1,215,845
30 Day Avg. Volume919,630
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.21
Price to Sales (P/S)1.27
P/FCF Ratio15.21
Enterprise Value/Market Cap1.93
Enterprise Value/Revenue2.49
Enterprise Value/Gross Profit170.18
Enterprise Value/Ebitda11.17
Forecast
1Y Price Target
$16.67Price Target Upside10.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.29
Revenue Forecast (FY)$1.11B
Xenia Hotels & Resorts Business Overview & Revenue Model
Company Description
Xenia 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 U...
How the Company Makes Money
Xenia Hotels & Resorts generates revenue primarily through the ownership and leasing of hotel properties. The company earns money from the rental income generated by these hotels, which is derived from room bookings and ancillary services such as ...
Xenia Hotels & Resorts Key Performance Indicators (KPIs)
Any
Same Property Number of Hotels
Counts how many properties are included in the same-property comparison set, reflecting the stable operating base used for performance trends. Changes in this count come from acquisitions or dispositions and affect revenue scale and comparability; steady or growing counts suggest stable or expanding core operations, while declines may indicate asset sales or portfolio pruning.
Counts how many properties are included in the same-property comparison set, reflecting the stable operating base used for performance trends. Changes in this count come from acquisitions or dispositions and affect revenue scale and comparability; steady or growing counts suggest stable or expanding core operations, while declines may indicate asset sales or portfolio pruning.
Data provided by:
The Fly
The FlyXenia Hotels & Resorts Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 01, 2026
Earnings Call Sentiment Positive
The call displays a predominantly positive operational narrative: solid RevPAR and total RevPAR growth driven by strong group demand and robust food & beverage performance, successful ramp of the Grand Hyatt Scottsdale, meaningful share repurchases, strong liquidity and measured capital investments. However, material risks remain — leverage at ~5.2x, wage and cost inflation driving expected margin pressure, several underperforming markets, and only modest adjusted EBITDA growth forecast for 2026 when certain one-time items are normalized. Overall, the positives (revenue growth, margin expansion in 2025, asset ramp, and shareholder returns) outweigh the negatives, but investors should monitor leverage reduction, expense trends, and market-specific performance.Positive Updates
Revenue and RevPAR Growth
Same-property RevPAR increased 4.5% in Q4 2025 and 3.9% for full year 2025; same-property total RevPAR rose 6.7% in Q4 and 8.0% for the full year. Strong group demand and outsized growth in food & beverage and other revenues were key drivers.
Negative Updates
High Leverage Relative to Long-Term Target
Net debt to EBITDA (credit facility calculation) approximately 5.2x at year-end 2025, above management's long-term target of low-3x to low-4x, indicating leverage reduction is a priority.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue and RevPAR Growth
Same-property RevPAR increased 4.5% in Q4 2025 and 3.9% for full year 2025; same-property total RevPAR rose 6.7% in Q4 and 8.0% for the full year. Strong group demand and outsized growth in food & beverage and other revenues were key drivers.
Read all positive updates
Company Guidance
Xenia’s 2026 guidance calls for same‑property RevPAR growth of 1.5%–4.5% (3.0% midpoint) and total RevPAR growth of 2.75%–5.75% (4.25% midpoint); excluding Grand Hyatt Scottsdale the midpoints are 1.75% RevPAR and 2.75% total RevPAR. The company expects adjusted FFO per share to rise about 7% at the midpoint to $1.89 (from $1.76 in 2025) and adjusted EBITDAre of roughly $260 million at the midpoint (≈1% above 2025’s $258.3M). Planned capital expenditures are $70–$80 million with an estimated ~$1 million of adjusted EBITDA/FFO displacement from renovations; same‑property hotel expenses are forecast to increase ~4.5% (cost per occupied room +3%), with wages and benefits up ~6% and other costs ~3%. Management highlighted key modeling items that create an $11M EBITDA headwind (including ~$6M of 2025 EBITDA from Fairmont Dallas sold in 2025, ~$1M Q4 2025 tax refund nonrecurrence, ~$3M less interest income and ~$1M renovation disruption) partly offset by ~$8M of Scottsdale ramp; quarterly adjusted EBITDA weighting is ~30% Q1, ~30% Q2, high‑teens% Q3 and ~25% Q4. Balance‑sheet assumptions supporting the outlook include ~$1.4 billion of debt at a 5.51% weighted average rate, trailing leverage ~5.2x (target low‑3x to low‑4x long term), liquidity of ~ $575M (cash $75M + $500M undrawn revolver), a remaining $97.5M share buyback authorization, and a Q1 dividend of $0.14 (annualized ~3.5% yield); management also noted nearly 70% of 2026 group room nights were definite as of January and March–December group pace is up ~10% (ex‑Scottsdale +8%), with special events estimated to add ~75 bps (≈one‑quarter) of expected RevPAR growth.Xenia Hotels & Resorts Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
56
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.08B | 1.04B | 1.03B | 997.61M | 616.19M |
| Gross Profit | 15.81M | 252.31M | 268.17M | 278.15M | 128.10M |
| EBITDA | 285.03M | 222.76M | 229.42M | 275.21M | 64.78M |
| Net Income | 63.09M | 16.14M | 19.14M | 55.92M | -143.52M |
Balance Sheet | |||||
| Total Assets | 2.81B | 2.83B | 2.90B | 3.08B | 3.09B |
| Cash, Cash Equivalents and Short-Term Investments | 140.43M | 78.20M | 164.72M | 305.10M | 517.38M |
| Total Debt | 1.44B | 1.33B | 1.39B | 1.43B | 1.50B |
| Total Liabilities | 1.63B | 1.55B | 1.58B | 1.62B | 1.65B |
| Stockholders Equity | 1.13B | 1.24B | 1.29B | 1.44B | 1.43B |
Cash Flow | |||||
| Free Cash Flow | 89.91M | 23.17M | 77.16M | 116.75M | 8.94M |
| Operating Cash Flow | 176.51M | 163.72M | 198.06M | 187.13M | 40.76M |
| Investing Cash Flow | -7.08M | -108.25M | -118.75M | -265.39M | -24.21M |
| Financing Cash Flow | -89.91M | -134.97M | -222.15M | -110.06M | 108.89M |
Xenia Hotels & Resorts Technical Analysis
Positive
15.11
Price Trends
15.14
Negative
14.59
Positive
13.88
Positive
Market Momentum
-0.17
Negative
51.46
Neutral
81.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XHR, the sentiment is Positive. The current price of 15.11 is above the 20-day moving average (MA) of 14.90, below the 50-day MA of 15.14, and above the 200-day MA of 13.88, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 51.46 is Neutral, neither overbought nor oversold. The STOCH value of 81.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for XHR.
Xenia Hotels & Resorts Risk Analysis
Xenia Hotels & Resorts disclosed 87 risk factors in its most recent earnings report. Xenia Hotels & Resorts reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Xenia Hotels & Resorts Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $1.96B | 18.22 | 6.59% | 5.13% | 0.95% | -8.40% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $1.75B | 70.45 | 0.88% | 3.98% | 3.04% | -98.77% | |
63 Neutral | $2.16B | -2.54 | -8.42% | 13.10% | -3.57% | -104.55% | |
62 Neutral | $1.39B | 21.68 | 4.58% | 3.71% | 4.29% | 141.01% | |
62 Neutral | $1.44B | -20.13 | -2.57% | 0.34% | 0.99% | -360.58% | |
62 Neutral | $1.18B | 39.11 | 1.29% | 7.76% | -0.58% | -83.32% |
* Real Estate Sector Average
XHR
Xenia Hotels & Resorts
15.11
3.39
28.95%
DRH
Diamondrock
9.59
2.04
26.94%
SHO
Sunstone Hotel
9.25
-0.16
-1.71%
PEB
Pebblebrook Hotel
12.70
2.41
23.42%
RLJ
RLJ Lodging
7.73
0.01
0.13%
PK
Park Hotels & Resorts
10.72
0.32
3.04%
Xenia Hotels & Resorts Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Xenia Hotels Returns to Profitability, Signals Continued Growth
Positive
Feb 24, 2026
The Orlando-based REIT reported on February 24, 2026 that fourth-quarter 2025 results showed a return to profitability, with net income of $6.1 million and double-digit growth in Adjusted FFO per share, driven by higher RevPAR, non-rooms revenue a...
Business Operations and StrategyStock BuybackFinancial Disclosures
Xenia Hotels Reports Strong Q4 Performance and Growth
Positive
Dec 4, 2025
On December 4, 2025, Xenia Hotels Resorts reported strong performance in its portfolio, with a 5.6% increase in Same-Property RevPAR and an 8.1% rise in Total RevPAR for the fourth quarter through November 30th, compared to the same period in 202...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.