Xenia posts FY 2025 net income of USD 66.9 million, up 296.6%

Reuters
2 hours ago
Xenia posts FY 2025 net income of USD 66.9 million, up 296.6%

Xenia reported FY 2025 net income of USD 66.9 million, up 296.6%, on total revenues of USD 1.1 billion (USD 1,078.5 million), up 3.8%. Hotel operating income was USD 329.9 million, up 6.9%, supported by portfolio occupancy of 68.5% (up 110 bps), ADR of USD 263.79 (up 3.2%) and RevPAR of USD 180.65 (up 4.8%); total portfolio RevPAR increased 4.8% to USD 180.65. Adjusted EBITDAre attributable to common stock and unit holders was USD 258.3 million, up 8.9%, while Adjusted FFO attributable to common stock and unit holders was USD 174.7 million, up 5.7%. Interest expense rose 7.2% to USD 86.7 million. Xenia recorded a USD 40.0 million gain on the April 2025 sale of the 545-room Fairmont Dallas for USD 111.0 million (net proceeds USD 101.4 million), repurchased 9.4 million shares for USD 120.4 million, and invested USD 86.6 million in capital improvements; it also bought the fee simple interest in the land under Hyatt Regency Santa Clara for USD 25.4 million, contributing to a 41.8% decline in ground lease expense to USD 1.9 million. As of December 31, 2025, Xenia held USD 140.4 million in cash and cash equivalents, had USD 500.0 million available under its revolving credit facility with no outstanding balance, and reported total debt of USD 1.4 billion (USD 1,422.9 million) at a weighted-average interest rate of 5.51%.

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