One-glance verdict
Overvalued
$3.51 our estimate vs market $17.64
Wall Street consensus: $21.10 (501.0% higher than our fair-value estimate)
402% above our estimate, beyond the bull case
Fundamentals snapshot
Xenia Hotels & Resorts, Inc.
XHR · NYQ · Real Estate · REIT - Hotel & Motel
Current price
$17.64
52-week range
$11.75 - $22.06
Market cap
$1.74B
Balance sheet
Stretched
1.24x Concerning
Net debt $1.26B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
3 Risks
3 rewards · 3 risks
- Reward Revenue grew 1.3% last year.
- Reward Free cash flow was positive in 9/10 years.
- Risk Net debt grew 14.8% over 3 years.
- Risk Insider ownership is only 0.7% (peer median: 4.3%).
What this company does
Xenia Hotels & Resorts, Inc.
Xenia Hotels & Resorts is a real estate investment trust (a company that owns buildings and is structured to pass its profits on to investors) that owns luxury hotels and resorts in popular US travel destinations. The company makes money from guest stays and spending, but it hires well-known brands like Marriott and Hyatt to manage the day-to-day hotel operations. This allows Xenia to collect income like a landlord for high-end hotels without having to run them directly.
How the company got here
Xenia Hotels & Resorts was formed in 2014 and became a publicly traded company in 2015 after being spun off from another real estate company. This move allowed it to focus purely on owning hotel properties. Since then, the company has actively managed its collection of hotels, selling some and buying others, to build a portfolio of high-end properties in desirable locations. This strategy is focused on owning hotels that can attract guests willing to pay for premium experiences, which in turn can lead to stronger and more resilient revenue.
What it actually does
Xenia is a special type of company called a Real Estate Investment Trust, or REIT (a company that owns and often operates income-producing real estate). Think of it as a company that owns the hotel buildings, but doesn't manage the day-to-day operations like checking guests in or cleaning rooms. Instead, it partners with well-known hotel brands like Marriott, Hyatt, and Hilton, who run the hotels. Xenia makes money from the room rentals, events, and food and beverage sales at its 29 luxury and upper-upscale hotels and resorts across the United States.
Hotel Ownership
This is Xenia's single line of business, as it owns a collection of high-end hotels and resorts. The company focuses on the top 25 lodging markets and popular leisure destinations in the U.S. Revenue is generated from all the activities at these properties, with the largest portion coming from room rentals paid by business and leisure travelers. A significant and growing part of its income also comes from other services like food and beverage sales at restaurants and bars, and fees for hosting meetings and events.
What management is betting on now
The company's current strategy is centered on owning a carefully selected portfolio of high-quality hotels in prime locations. Management is focused on properties that appeal to both business and leisure travelers, particularly in the luxury and upper-upscale segments. They are also investing in renovations and upgrades to their existing hotels to make them more attractive and competitive. By doing this, Xenia aims to increase its RevPAR (Revenue Per Available Room, a key performance measure for hotels) and overall profitability.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$4.31M
FY2024 Q4
$6.18M
FY2025 Q1
$22.41M
FY2025 Q2
$17.82M
FY2025 Q3
$44.18M
FY2025 Q4
$5.49M
FY2026 Q1
$29.80M
FY2026 Q2
$36.05M
Revenue
$295.49M
Net income
$-19.34M
Diluted EPS
-0.21
Operating cash flow
$51.42M
Free cash flow
$36.05M
Fetching…
Sources
Revenue
$295.41M
Net income
$19.77M
Diluted EPS
0.21
Operating cash flow
$45.03M
Free cash flow
$29.80M
Fetching…
Sources
Revenue
$265.58M
Net income
$6.08M
Diluted EPS
0.07
Operating cash flow
$21.39M
Free cash flow
$5.49M
Fetching…
Sources
Revenue
$236.42M
Net income
$-13.74M
Diluted EPS
-0.14
Operating cash flow
$64.04M
Free cash flow
$44.18M
Fetching…
Sources
Revenue
$287.58M
Net income
$55.16M
Diluted EPS
0.56
Operating cash flow
$36.31M
Free cash flow
$17.82M
Fetching…
Sources
Revenue
$288.93M
Net income
$15.59M
Diluted EPS
0.15
Operating cash flow
$54.77M
Free cash flow
$22.41M
Fetching…
Sources
Revenue
$261.85M
Net income
$-638.00K
Diluted EPS
-0.01
Operating cash flow
$30.58M
Free cash flow
$6.18M
Fetching…
Sources
Revenue
$236.81M
Net income
$-7.09M
Diluted EPS
-0.07
Operating cash flow
$51.20M
Free cash flow
$4.31M
Fetching…
Sources
Is it cheap or expensive?
Fair value $3.51 vs current price $17.64
Wall Street consensus is the average analyst price target: $21.10 (501.0% higher than our fair-value estimate).
Our most-likely fair value is $3.51 a share — about 80.1% below today's price of $17.64, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Stretched
Net debt $1.3B. Interest coverage 1.2x.
Net debt
$1.26B
Interest coverage
1.24x
Xenia Hotels & Resorts, Inc.'s profit covers its interest bill about 1.2 times over. which is stronger than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Stretched
Worse cushion
Baseline
Better cushion
XHR
BASELINE
Xenia Hotels & Resorts, Inc.
Total debt $1.38B Interest coverage 1.24x This is the baseline the peer rows are being compared against.
Total debt $2.81B Interest coverage 1.21x -2% vs XHR Has roughly the same debt cushion as XHR.
Total debt $2.46B Interest coverage 0.74x -40% vs XHR Carries about 1.7x less debt cushion than XHR.
Total debt $975.03M Interest coverage 1.54x +24% vs XHR Carries about 1.2x more debt cushion than XHR.
Total debt $4.10B Interest coverage 0.85x -32% vs XHR Carries about 1.5x less debt cushion than XHR.
Total debt $1.61B Interest coverage 3.07x +148% vs XHR Carries about 2.5x more debt cushion than XHR.
What you should know
The case for and against XHR
3 Rewards
3 Risks
Rewards
-
Revenue grew 1.3% last year.
-
Free cash flow was positive in 9/10 years.
-
Dividend yield is 3.2% with 12-year payout history.
Risks
-
Net debt grew 14.8% over 3 years.
-
Insider ownership is only 0.7% (peer median: 4.3%).
-
Return on equity was -0.6% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
27.77x
P/B
1.47x
P/S
1.60x
EV/EBITDA
12.29x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
26.1%
Operating margin
13.1%
Net margin
-0.7%
ROE
-0.6%
ROA
2.5%
Health
Liquidity and balance-sheet strength
Debt / equity
1.18x
Current ratio
2.20x
Quick ratio
1.35x
Total debt
$1.38B
Total cash
$112.48M
Growth
How the business has been compounding
Revenue TTM
$1.09B
Revenue 5Y CAGR
15.0%
EPS TTM
-0.07
EPS 5Y CAGR
9.3%
Cash flow
How much cash the business throws off
Operating CF TTM
$181.89M
Free CF TTM
$89.91M
FCF margin
8.2%
Dividend
Shareholder payout
Yield
3.2%
Payout ratio
80.0%
Last ex-div date
2026-06-30