Xenia Hotels & Resorts Q4 AFFO $0.41, Same YoY, Sales $253.38M Miss $253.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xenia Hotels & Resorts (NYSE:XHR) reported its Q4 AFFO per share as $0.41, consistent with the previous year. However, its quarterly sales of $253.38M fell short of the analyst consensus estimate of $253.79M by 0.16% and marked a 3.71% decrease from the $263.14M reported in the same period last year.
February 27, 2024 | 11:32 am
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Xenia Hotels & Resorts reported a stable Q4 AFFO per share at $0.41, but missed sales estimates by 0.16%, with a 3.71% YoY decrease.
The stability in AFFO per share indicates operational consistency, but the miss in sales estimates and the year-over-year decrease in sales could signal underlying challenges in revenue generation. This combination is likely to create a negative sentiment among investors in the short term, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100