Xenia Hotels & Resorts Declares Dividend For Fourth Quarter 2024

Rhea-AI Summary

Xenia Hotels & Resorts (NYSE: XHR) has announced a quarterly cash dividend of $0.12 per share for the fourth quarter 2024. The dividend will be paid on January 15, 2025, to shareholders of record as of December 31, 2024. The company is a self-advised and self-administered REIT that owns 31 hotels with 9,408 rooms across 14 states, focusing on luxury and upper upscale segments in top 25 lodging markets and key leisure destinations in the United States.

Positive

• Maintains consistent dividend payment, indicating financial stability
• Substantial portfolio of 31 luxury and upper upscale hotels
• Strategic presence in top 25 lodging markets

Negative

• None.

Insights

REIT Financial Analyst

The $0.12 quarterly dividend announcement represents a continuation of Xenia's dividend policy, maintaining an annualized dividend yield of approximately 4% based on current share prices. For a luxury hotel REIT with 31 properties in prime markets, this payout level suggests stable cash flow generation despite the cyclical nature of the hospitality industry.

The dividend maintenance, rather than an increase, indicates management's conservative approach to capital allocation, balancing shareholder returns with the need to maintain financial flexibility in the dynamic hotel sector. The payment timing, set for January 2025, aligns with typical REIT distribution schedules and provides predictable income for investors focused on dividend-yielding real estate securities.

ORLANDO, Fla., Nov. 18, 2024 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that its Board of Directors authorized a cash dividend of $0.12 per share of the Company's common stock for the fourth quarter 2024. The dividend will be paid on January 15, 2025 to all holders of record of the Company's common stock as of the close of business on December 31, 2024.

About Xenia Hotels & Resorts, Inc.
Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 31 hotels comprising 9,408 rooms across 14 states. Xenia's hotels are in the luxury and upper upscale segments and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, Hilton, and The Kessler Collection. For more information on Xenia's business, refer to the Company website at www.xeniareit.com.

For additional information or to receive press releases via email, please visit our website at
www.xeniareit.com

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SOURCE Xenia Hotels & Resorts, Inc.

FAQ

What is Xenia Hotels & Resorts (XHR) Q4 2024 dividend amount?

Xenia Hotels & Resorts (XHR) declared a cash dividend of $0.12 per share for the fourth quarter 2024.

When will XHR pay its Q4 2024 dividend?

The Q4 2024 dividend will be paid on January 15, 2025, to shareholders of record as of December 31, 2024.

How many hotels does Xenia Hotels & Resorts (XHR) currently own?

Xenia Hotels & Resorts owns 31 hotels comprising 9,408 rooms across 14 states in the United States.