DRH
DiamondRock Hospitality Company9.24
-0.08-0.86%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Quantifies labor, renovations, sales.
Q&A largely reaffirmed prepared guidance but quantified drivers like 3% labor cost growth—up from 1% in 2025 amid NY contract pressures—and 25-50bps RevPAR tailwind from Sedona renovations, plus $1-2M EBITDA recovery at Havana Cabana. Management leaned into net seller status for 2026, prioritizing share repurchases over acquisitions as shares trade at attractive cap rates. World Cup adds modest 20bps to guide, with early rate strength but pending volume. Franchise options at Western Seaport show brand flexibility. Labor costs rise. Investors track group pace and disposition proceeds.
Key Stats
Market Cap
1.89BP/E (TTM)
35.54Basic EPS (TTM)
0.26Dividend Yield
0.03%Recent Filings
8-K
2026 guidance issued
DiamondRock Hospitality issued its March 2026 investor presentation under Item 7.01, outlining 2026 guidance with Comparable RevPAR growth of 1.0-3.0%, Adjusted EBITDA $287-302MM, and Adjusted FFO per share $1.09-1.16. Preferred stock redemption delivers $0.03 FFO tailwind; group pace jumps 15%. Balance sheet shines: low leverage, no maturities until 2029. Capital recycling accelerates FCF growth.
10-K
FY2025 results
DiamondRock Hospitality posted FY2025 total revenues of $1.12B, down 0.8% y/y after disposing Westin Washington D.C. City Center, yet portfolio Total RevPAR rose 1.2% y/y to $318 with 71.9% occupancy and 1.3% ADR growth to $288. Comparable hotel operations held steady as group and business transient demand offset softer leisure, while food & beverage ticked up on banquets. Q4 momentum showed through Sedona repositioning completion and steady urban/resort performance. Fully unencumbered $1.1B debt at 4.98% blended rate funds $80-90M capex; $137M remains for buybacks after $37M repurchased. No 2026 guidance disclosed. Elevated interest rates threaten refinancing costs.
8-K
Beat guidance, cleaned balance sheet
DiamondRock beat 2025 guidance with Adjusted EBITDA at $297.6M and Adjusted FFO per share at $1.08, fueled by 1.2% comparable Total RevPAR growth from out-of-room revenues. Key moves included redeeming $121.5M preferred stock, repurchasing 4.8M common shares for $37.1M, and achieving a fully unencumbered portfolio post-$1.5B credit facility upsizing. No debt due until 2028. 2026 guidance eyes 1.0-3.0% RevPAR growth.
8-K
Chairman McCarten retires April 2026
DiamondRock Hospitality announced Chairman William W. McCarten's retirement at the end of his term, effective April 29, 2026, after 22 years steering the board. No disagreements prompted his exit. Bruce D. Wardinski steps in as non-executive Chairman, shrinking the board from nine to eight. Smooth handover preserves continuity.
8-K
DRH raises guidance, redeems preferred
DiamondRock Hospitality disclosed its December 2025 investor presentation under Item 7.01, highlighting Q3 2025 beats with +1.5% comparable RevPAR and Adjusted FFO/share growth, plus 2025 guidance raised to $287-295MM Adjusted EBITDA and $1.02-1.06 per share. It plans 12/31/2025 redemption of $121.5MM Series A preferred stock using cash, yielding $0.03 FFO/share tailwind, while touting low leverage, share repurchases, and 2026 tailwinds like FIFA exposure. Capital recycling accelerates FCF per share.
APLE
Apple Hospitality REIT, Inc.
12.16-0.13
CLDT
Chatham Lodging Trust (REIT)
7.11+0.03
HST
Host Hotels & Resorts, Inc.
18.29-0.35
INN
Summit Hotel Properties, Inc.
5.18-0.03
PEB
Pebblebrook Hotel Trust
11.37-0.24
PK
Park Hotels & Resorts Inc.
10.81-0.20
RLJ
RLJ Lodging Trust
7.69-0.04
SHO
Sunstone Hotel Investors, Inc.
9.21-0.07
SOHO
Sotherly Hotels Inc.
2.19+0.00
XHR
Xenia Hotels & Resorts, Inc.
14.92+0.06