Xenia Hotels & Resorts Q1 2026 Earnings Release - Strong Performance with Increased Guidance

Xenia Hotels & Resorts reported strong first quarter 2026 results with net income of $19.8 million ($0.21 per share), representing a 26.9% increase year-over-year. The company achieved significant growth in key metrics: Adjusted EBITDAre increased 11.6% to $81.4 million, Adjusted FFO per diluted share rose 23.5% to $0.63, and Same-Property RevPAR grew 7.4% to $205.93. Same-Property Hotel EBITDA increased 17.9% to $87.8 million with margin expansion of 270 basis points to 29.7%. The company paid off a $52 million mortgage loan and declared a $0.14 per share dividend. Based on the strong Q1 performance, Xenia raised its full-year 2026 guidance, increasing midpoint expectations for Adjusted EBITDAre to $266 million (up $6 million) and Adjusted FFO per diluted share to $1.94 (up $0.06). The company maintains a strong liquidity position of approximately $601 million.