Xenia Hotels & Resorts Reports Fourth Quarter And Full Year 2020 Results
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ORLANDO, Fla., March 1, 2021 /PRNewswire/ Xenia Hotels & Resorts, Inc. (NYSE: XHR) ( Xenia or the Company ) today announced results for the quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Highlights
Adjusted EBITDAre: Adjusted EBITDAre was $(10.1) million.
Adjusted FFO per Diluted Share: Adjusted FFO per diluted share was $(0.24).
Same-Property RevPAR: The Company had its entire Same-Property portfolio (34 properties) open and operating during the entire fourth quarter. These properties achieved RevPAR of $50.82, as a result of occupancy of 27.8% and an ADR of $182.64.
Transaction Activity: The Company sold four hotels for a total sales price of approximately $391 million.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.09 per common share for the first quarter of 2021. The dividend is payable on April 15, 2021, to shareholders of record on March 31, 2021. The common stock dividend for the 12 months ending March 31, 2021, of $4.30 per common share represents an increase of 24 cents, or 6 percent, over the 12 months ended March 31, 2020.
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NASHVILLE, Tenn. (AP) Ryman Hospitality Properties Inc. (RHP) on Friday reported a loss in a key measure in its fourth quarter. The Nashville, Tennessee-based real estate investment trust said it had a funds from operations loss of $31.6 million, or 56 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for a funds from operations loss of 79 cents per share.
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HONOLULU, Feb. 25, 2021 /PRNewswire/
Alexander & Baldwin, Inc. (NYSE: ALEX) ( A&B or Company ), a Hawai i-based company focused on owning and operating high-quality commercial real estate in Hawai i, today announced financial results for the fourth quarter and full-year of 2020.
Chris Benjamin, A&B president & chief executive officer stated: We began 2020 focused on advancing our strategic agenda and are pleased by the progress made despite the obvious hurdles imposed by COVID-19. Fourth quarter 2020 results highlight continued recovery of our commercial real estate ( CRE ) collections while full-year 2020 results reflect positive momentum in asset monetization and Grace Pacific performance. Our portfolio of needs-based retail, industrial and ground leases has shown resilience over the course of the COVID-19 pandemic, with year-end occupancy down only 40 basis points from 2019 and fourth-quarter collections at 85%.