Financial Performance2Q25 adj. FFO/share of $0.57 (+9.6% y/y) topped consensus of $0.48 driven by revenue and margin upside.
Growth ProspectsImplied Q4 ReVPAR growth of approximately 5.5% reflects ongoing tailwinds from Scottsdale's post-renovation ramp and differentiates XHR from peers in the sector.
Portfolio StrengthXHR's high-quality and Sunbelt-oriented portfolio, with reasonable leverage, no meaningful near-term maturities, and support from share repurchases.