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Our Company We are a self-advised and self-administered Maryland real estate investment trust that owns primarily premium-branded, rooms-oriented, high-margin, focused-service and compact full-service hotels located within heart of demand locations. We are one of the largest U.S. publicly-traded lodging REITs in terms of both number of hotels and number of rooms.
Revenue declined 1.4% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 21% versus the prior year, cash generation momentum has weakened. Net debt of $1.91B represents 16.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.36B
▼ -1.4% YoY
Net Income (TTM)
$25M
▼ -58.1% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$146M
▼ -21.2% YoY
Op. Cash Flow (TTM)
$254M
▼ -14.6% YoY
Net Debt
$1.96B
Cash & Equiv.
$353M
5Y CAGR: +23.3%
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