Xenia Hotels & Resorts: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 04:52 PM ET
Last Updated - Jun 21, 2023, 11:46 PM EDT
ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Xenia Hotels & Resorts Inc. (XHR) on Tuesday reported a key measure of profitability in its first quarter. The results met Wall Street expectations.
The real estate investment trust, based in Orlando, Florida, said it had funds from operations of $45.2 million, or 40 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 40 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
