q2 2016 financial results
Hospitality Properties Trust Announces Second Quarter 2016 Net Income of $56 million, Down from $83.1 million in Q2 2016
Hospitality Properties Trust | August 9, 2016
Second Quarter Net Income of $0.34 per share Normalized FFO of $1.09 per share for the Second Quarter Comparable Hotel RevPAR for the Second Quarter Grows 4.9% Year Over Year NEWTON, Mass.-Hospitality Properties Trust (Nasdaq: HPT) today announced its financial results for the quarter and six months ended June 30, 2016. Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 ($ in thousands, except per share and RevPAR data) Net income available for common shareholders $ 50,895 $ 77,980 $ 97,780 $ 114,395 Net income available for common shareholders per share $ 0.34 $ 0.52 $ 0.65 $ 0.76 Adjusted EBITDA (1) $ 215,608 $ ...
Sunstone Hotel Investors Reports Q2 2016 Net Income of $65.7 million, a 22.5% Increase Over the Year Ago Period
Sunstone Hotel Investors | August 9, 2016
ALISO VIEJO, Calif., Aug. 8, 2016 -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the second quarter ended June 30, 2016. Second Quarter 2016 Operational Results (as compared to Second Quarter 2015): Net income increased 22.5% to $65.7 million. Income attributable to common stockholders per diluted share increased 13.0% to $0.26. Comparable Hotel RevPAR increased 1.3% to $179.65. Comparable Hotel Adjusted EBITDA Margin, excluding prior year property taxes, net decreased 70 basis points to 34.2%. Excluding the impact related to the end of the ground lease ab...
Ashford Reports Second Quarter 2016 Results; Proposed Combination with Remington Remains on Track
Ashford | August 5, 2016
Aug. 4, 2016 -- Ashford (NYSE MKT: AINC) (the "Company") today reported the following results and performance measures for the second quarter ended June 30, 2016. For the second quarter, the Company has consolidated the financial position and operating results of the private investment funds managed by Ashford Investment Management. The financial impact from this consolidation is adjusted out of the Company's financials through the noncontrolling interests in consolidated entities line items on the Company's income statement and balance sheet. Unless otherwise stated, all reported results compare the second quarter end...
Xenia Hotels & Resorts Reports Q2 2016 Net Income of $25.8 million Compared to $23.7 million in the Year-Ago Quarter
Xenia Hotels & Resorts | August 5, 2016
ORLANDO, Fla., Aug. 5, 2016 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended June 30, 2016. Second Quarter 2016 Highlights Net Income: Net income attributable to common stockholders was $25.8 million and net income per share was $0.24. Same-Property RevPAR: Same-Property RevPAR increased 1.8% from the second quarter of 2015 to $162.47, as occupancy remained flat and ADR increased 1.8%. Excluding hotels located in Houston, Same-Property RevPAR increased 3.8% from the second quarter of 2015, as occupancy increased 63 basis points and ADR increas...
DiamondRock Hospitality Reports Q2 2016 Net Income of $44.2 million Compared to $24.8 million in Same Period 2015
DiamondRock Hospitality Company | August 5, 2016
BETHESDA, Md., Aug. 5, 2016 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 26 premium hotels in the United States, today announced results of operations for the quarter ended June 30, 2016. Second Quarter 2016 Highlights Net Income: Net income was $44.2 million and earnings per diluted share was $0.22. Comparable RevPAR: RevPAR was $197.52, a 0.8% increase from the comparable period of 2015. Comparable Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 35.85%, an increase of 11 basis points from the comparable period of 201...
Belmond Ltd. Reports Second Quarter 2016 Decline in Revenue of 3%, RevPAR Down 4%, and Net Earnings Decrease of $2.9 million
Belmond Ltd. | August 4, 2016
• Total revenue (1) of $158.1 million, down $4.7 million or 3% from the prior-year quarter; up $0.6 million on a constant currency basis • Same store revenue per available room ("RevPAR") down 4% from the prior-year quarter; down 1% on a constant currency basis • Total adjusted EBITDA of $38.1 million, down $2.8 million or 7% from the prior-year quarter; down 5% on a constant currency basis • Net earnings attributable to Belmond Ltd. of $8.4 million, a $7.0 million decrease from the prior-year quarter; adjusted net earnings from continuing operations of $4.0 million, a $2.9 million decrease • In June 2016, annou...
RLJ Lodging Trust Reports Q2 2016 Increase in Net Income of 4.1% to $58.7 million; Lowers Outlook for Remainder of 2016
RLJ Lodging Trust | August 4, 2016
- Net income increased 4.1% - Pro forma RevPAR increased 1.9% - Pro forma Hotel EBITDA Margin of 39.2% - Pro forma Consolidated Hotel EBITDA increased 5.3% BETHESDA, Md.----RLJ Lodging Trust (the "Company") (NYSE: RLJ) today reported results for the three and six months ended June 30, 2016. Highlights Net income increased 4.1% to $58.7 million Pro forma RevPAR increased 1.9%, Pro forma ADR increased 1.6%, and Pro forma Occupancy increased 0.4% Pro forma Hotel EBITDA Margin of 39.2% Pro forma Consolidated Hotel EBITDA increased 5.3% to $123.9 million Adjusted FFO increased 4.2% to $102.1 million Refinanced $800.0 million of unsecu...
MGM Resorts International Reports Second Quarter 2016 Financial And Operating Results
MGM Resorts International | August 4, 2016
LAS VEGAS, Aug. 4, 2016 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2016. Key highlights include: Diluted earnings per share for the second quarter of 2016 was $0.83, including $0.57 related to a gain on CityCenter's sale of The Shops at Crystals ("Crystals"), compared to diluted earnings per share of $0.17 in the prior year quarter; Operating income was $769 million and included a $406 million gain related to the sale of Crystals; Adjusted Property EBITDA surpassed $500 million for the first time since 200...
