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Xenia Hotels & Resorts, Inc. is a Maryland corporation that primarily invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States ("U.S."). Substantially all of the Company's assets are held by, and all the operations are conducted through XHR LP (the "Operating Partnership").
Operating margin is thin at 9.97%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 3.8%, steady but not accelerating.
Net debt of $1.30B represents 14.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.08B
▲ +3.8% YoY
Net Income (TTM)
$67M
▲ +290.8% YoY
Op. Margin
10.44%
▲ +1.6pp YoY
ROIC
4.31%
▲ +1.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$97M
▲ +288.0% YoY
Op. Cash Flow (TTM)
$167M
▲ +7.8% YoY
Net Debt
$1.28B
Cash & Equiv.
$101M
5Y CAGR: +23.9%
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