LuxUrban Hotels For Q1 2024 Expects Net Rental Revenue Of $27M-$30M Vs. $41.97M Consensus
Portfolio Pulse from Benzinga Newsdesk
LuxUrban Hotels (LUXH) projects Q1 2024 net rental revenue to be between $27M-$30M, below the consensus of $41.97M but up from $22.8M in Q1 2023. The company aims to enhance its portfolio with 3.5 to 4.5-star properties, increase TRevPAR and EBITDA, and improve working capital and cash flow by slowing acquisition pace and focusing on higher-end properties.
April 15, 2024 | 11:14 am
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LuxUrban Hotels expects Q1 2024 net rental revenue to fall short of consensus estimates but improve year-over-year. The company plans to grow by focusing on higher-quality properties and financial health.
The projected net rental revenue for Q1 2024 is significantly below consensus estimates, which could lead to negative investor sentiment in the short term. However, the year-over-year growth and strategic focus on higher-quality properties and improved financial metrics may mitigate some concerns over the longer term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100