Xenia Hotels & Resorts Sees FY23 Adjusted FFO Per Diluted Share $1.48-$1.55
Portfolio Pulse from Benzinga Newsdesk
Xenia Hotels & Resorts has updated its full year 2023 outlook, forecasting an adjusted FFO per diluted share of $1.48-$1.55. The guidance reflects macroeconomic uncertainty and does not account for any unanticipated impacts to the business or operations. It also assumes no additional acquisitions, dispositions, equity issuances, or share and/or senior note repurchases. The company expects a negative impact of 250 basis points to Same-Property (32 Hotel) RevPAR Change due to renovation disruption.
October 31, 2023 | 8:39 pm
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Xenia Hotels & Resorts has updated its FY23 outlook, forecasting an adjusted FFO per diluted share of $1.48-$1.55. The guidance reflects macroeconomic uncertainty and does not account for any unanticipated impacts to the business or operations.
The updated guidance from Xenia Hotels & Resorts reflects a cautious outlook due to macroeconomic uncertainty. While the forecasted FFO per diluted share is a key metric for investors, the company's decision to not account for any unanticipated impacts to the business or operations could lead to potential risks. However, the impact on the stock price in the short term is uncertain as it will depend on broader market conditions and investor sentiment.
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