DiamondRock Hospitality

DiamondRock Hospitality Co. is a real estate investment trust which focuses on lodging properties. It engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its brands include Autograph Collection Hotels, Courtyard Marriott, Hilton Garden Inn, Hilton Hotels & Resorts, JW Marriott, and Kimpton Hotels & Restaurants. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in 2004 and is headquartered in Bethesda, MD.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

DiamondRock Hospitality reports record 2022 performance and eyes strategic growth

DiamondRock Hospitality's 2022 performance showcased record revenues and margins, driven by strong operating performance and strategic acquisitions.
Despite challenges in maintaining rates and optimizing staffing, the company's focus on efficiency and portfolio strength positions them well for growth.
Opportunities lie in maximizing profits through strategic initiatives and capital deployment, supported by a resilient financial position and operational efficiency.
With a positive outlook for 2023 and a commitment to portfolio optimization, DiamondRock remains poised for continued success in the travel industry.

DiamondRock Hospitality reports record Q1 results, eyes growth opportunities

DiamondRock Hospitality delivered exceptional Q1 results driven by strong performance across urban and resort properties. While facing challenges in certain markets and upcoming margin pressures, the company remains well-positioned with a diverse portfolio and strategic focus on growth opportunities. By balancing short-term disruptions with long-term profitability goals, DiamondRock aims to sustain its positive momentum.

DiamondRock Hospitality reports solid Q2 performance and optimistic outlook

DiamondRock Hospitality reported solid Q2 performance with revenue growth and strong RevPAR in urban and resort segments. The company's strategic focus on ROI opportunities, acquisitions, and expense management reflects a proactive approach to value creation.
While facing challenges in business travel recovery and expense management, DiamondRock remains optimistic about the travel industry outlook. Opportunities lie in property acquisitions, revenue optimization, and long-term growth strategies.
Overall, DiamondRock's performance, strengths, and opportunities position the company well for future growth, despite challenges in the macroeconomic environment and expense management. Strategic acquisitions and revenue enhancement strategies support a positive outlook for the company.

DiamondRock Hospitality reports record revenue and optimistic outlook for 2024

DiamondRock Hospitality's Q3 2023 Earnings Call showcased strong revenue performance, strategic investments, and a positive outlook for the future. Despite challenges in business transient levels, the company's focus on expense management and asset optimization positions it well for growth.

DiamondRock Hospitality excels in 2023, eyes growth opportunities in acquisitions

DiamondRock Hospitality's strong 2023 performance, focus on quality acquisitions, and strategic outlook for 2024 position the company well for growth. Challenges include analyzing the drivers behind corporate transient business decline and managing property transitions. Opportunities lie in acquisitions, dividend policy, and maintaining a competitive edge in the market.

DiamondRock Hospitality reports Q1 revenue growth amidst market challenges

DiamondRock Hospitality's Q1 performance showed revenue growth despite RevPAR decline, with a strong focus on maximizing shareholder value and strategic decision-making. Challenges include market impacts in Charleston and rising benefits costs, while opportunities lie in urban acquisitions and efficient capital deployment. The company's emphasis on aligning leadership views and incentives signals a commitment to bold decision-making and value creation.

DiamondRock Hospitality exceeds Q2 expectations, eyes growth opportunities ahead

DiamondRock Hospitality delivered robust Q2 performance, showcasing growth in key financial metrics and strategic initiatives to drive profitability.
While facing challenges in managing capital expenditures and potential portfolio restructuring, the company remains focused on maximizing efficiency and shareholder value.
With a positive outlook for 2024 and ongoing efforts to enhance operational capabilities, DRH is well-positioned to capitalize on growth opportunities and deliver sustainable returns.

DiamondRock Hospitality posts solid Q3 results amidst operational enhancements

DiamondRock Hospitality demonstrated resilience with solid performance and operational efficiency.
While facing challenges from external factors like Hurricane Helene, the company maintained growth.
Strategic initiatives and strong financial position position the company well for future opportunities.
Continued focus on enhancing operations and shareholder value underpins the company's growth trajectory.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.18 per share a year ago.

DiamondRock Hospitality (DRH) Q1 FFO and Revenues Beat Estimates

Comparable Total Revenues 3.8% Above 2023 Raises Midpoint of Full Year Guidance BETHESDA, Md. , May 2, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced results of operations for the quarter ended March 31, 2024.

DIAMONDROCK HOSPITALITY COMPANY REPORTS FIRST QUARTER 2024 RESULTS

Jeffrey Donnelly Appointed Chief Executive Officer; Briony Quinn Appointed Chief Financial Officer; Justin Leonard Appointed President Appointments Capitalize on DiamondRock's Strong Bench and Proven Talent to Drive Continued Business Momentum Company Reaffirms 2024 Annual Guidance BETHESDA, Md. , April 15, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced leadership changes and a simplified organizational structure to drive continued business momentum: Jeffrey Donnelly, previously Executive Vice President and Chief Financial Officer, has been appointed Chief Executive Officer.

DiamondRock Hospitality Company Implements Leadership Changes and Simplified Organizational Structure

BETHESDA, Md. , March 25, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced that Bill Tennis, its long-time Executive Vice President and General Counsel, will retire effective June 30, 2024.

DIAMONDROCK HOSPITALITY COMPANY ANNOUNCES RETIREMENT OF GENERAL COUNSEL

BETHESDA, Md. , March 14, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the first quarter 2024 after the market closes on Thursday, May 2, 2024.

DIAMONDROCK HOSPITALITY ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

BETHESDA, Md. , March 4, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share to be paid on April 12, 2024 to shareholders of record as of March 29, 2024.

DIAMONDROCK HOSPITALITY DECLARES DIVIDEND FOR FIRST QUARTER 2024

Ashford Hospitality Trust

Apple Hospitality REIT

Braemar Hotels & Resorts Inc

Chatham Lodging Trust

Host Hotels & Resorts

Summit Hotel Properties

Pebblebrook Hotel Trust

Park Hotels & Resorts

Ryman Hospitality Properties

RLJ Lodging Trust

Sunstone Hotel Investors

Sotherly Hotels

Service Properties Trust

Vanguard Real Estate ETF

Xenia Hotels & Resorts

Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards services like travel and leisure, which bodes well for Hotel REITs. Hotel REITs have posted the fourth-best total returns among REIT sectors in 2024, indicating their potential for future growth.

Picking A Winner In Hotel REITs

Diamondrock Hospitality Co (DRH) Q4 2023 Earnings Call Transcript

The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About DiamondRock Hospitality (DRH) Q4 Earnings

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.23 per share a year ago.

DiamondRock Hospitality (DRH) Q4 FFO Match Estimates

Comparable Full Year Total Revenues 4.0% Above 2022 and 11.3% Above 2019  Provides 2024 Outlook BETHESDA, Md. , Feb. 22, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced results of operations for the quarter and year ended December 31, 2023.

DIAMONDROCK HOSPITALITY COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

Beyond analysts' top -and-bottom-line estimates for DiamondRock Hospitality (DRH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Countdown to DiamondRock Hospitality (DRH) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

DiamondRock Hospitality's FFO and AFFO remain strong, indicating solid underlying performance. Interest expenses have increased, impacting the AFFO, but the decrease is manageable. DiamondRock's preferred shares offer good value for money, with a yield to call of approximately 7.1%.

DiamondRock Hospitality: Preferred Stock Offers A 7.1% Yield-To-Call For 18 Months

BETHESDA, Md. , Jan. 22, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced the following tax treatment of the 2023 distributions to holders of the Company's common and Series A preferred stock.

DIAMONDROCK HOSPITALITY COMPANY ANNOUNCES TAX TREATMENT OF 2023 DIVIDENDS

BETHESDA, Md. , Dec. 14, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the fourth quarter 2023 after the market closes on Thursday, February 22, 2024.

DIAMONDROCK HOSPITALITY ANNOUNCES FOURTH QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

BETHESDA, Md. , Dec. 1, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a cash dividend of $0.03 per common share.

DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR FOURTH QUARTER 2023

DiamondRock Hospitality Company (NYSE:DRH ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Briony Quinn - Senior Vice President & Treasurer Mark Brugger - President & Chief Executive Officer Jeff Donnelly - Executive Vice President & Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Dori Kesten - Wells Fargo Securities Chris Woronka - Deutsche Bank Floris Van Dijkum - Compass Point Anthony Powell - Barclays Bank Dany Asad - Bank of America Bill Crow - Raymond James Chris Darling - Green Street Mike Bellisario - Baird Operator Good day, ladies and gentlemen. Thank you for standing by.

DiamondRock Hospitality Company (DRH) Q3 2023 Earnings Call Transcript

The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

DiamondRock Hospitality (DRH) Reports Q3 Earnings: What Key Metrics Have to Say

Comparable Total Revenues Flat to 2022 and 12% Higher than 2019 BETHESDA, Md. , Nov. 1, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced results of operations for the quarter ended September 30, 2023.

DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2023 RESULTS

#1 RANKING AMONG HOTEL PEERS FOR THE FOURTH CONSECUTIVE YEAR BETHESDA, Md. , Oct. 23, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) is pleased to announce that the Company has again been recognized by the Global Real Estate Sustainability Benchmark ("GRESB") as a Real Estate Sector Leader as part of the 2023 GRESB Real Estate Assessment, demonstrating its continuing commitment to ESG transparency and improved performance.

DIAMONDROCK HOSPITALITY RECOGNIZED AS A SECTOR LEADER BY GRESB

BETHESDA, Md. , Sept. 12, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today made available on its website an updated investor presentation for use at upcoming conferences and meetings containing, among other things, a preliminary estimate of third quarter 2023 RevPAR compared to 2022 and 2019.

DIAMONDROCK HOSPITALITY PROVIDES UPDATED INVESTOR PRESENTATION

BETHESDA, Md. , Sept. 11, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the third quarter 2023 before the market opens on Wednesday, November 1, 2023.

DIAMONDROCK HOSPITALITY ANNOUNCES THIRD QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

DigitalBridge Group

Prologis

Market is ignoring factors such as interest rate sensitivity, upside to par, call date, and risk shifting in pricing preferred stocks. Mispricing is evident in the relative pricing of hotel REIT preferred stocks with similar risk factors. Investors should consider total expected annual return, interest rate sensitivity, and upside potential when evaluating preferred stocks.

Dislocation In The Equity REIT Fixed-Rate Preferred Market

BETHESDA, Md. , Sept. 6, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a cash dividend of $0.03 per common share.

DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR THIRD QUARTER 2023

DiamondRock Hospitality is an American company that operates as a REIT and is focused specifically on temporary accommodation properties. In 2023 and 2024, DiamondRock is expected to benefit from the capital expenditures made in the Hilton Boston Downtown/Faneuil Hall, Salt Lake City Marriott, and the Hilton Burlington Lake Champlain. I believe that further inflationary effects in the United States would most likely not affect the company as DiamondRock periodically changes the room prices to reflect the effects of inflation.

News for DiamondRock Hospitality Stock (DRH)