Earnings summaries and quarterly performance for DiamondRock Hospitality.
Executive leadership at DiamondRock Hospitality.
Board of directors at DiamondRock Hospitality.
Research analysts who have asked questions during DiamondRock Hospitality earnings calls.
Duane Pfennigwerth
Evercore ISI
5 questions for DRH
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Austin Wurschmidt
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4 questions for DRH
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Chris Darling
Green Street
4 questions for DRH
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Chris Woronka
Deutsche Bank AG
4 questions for DRH
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Floris van Dijkum
Compass Point Research & Trading
4 questions for DRH
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Smedes Rose
Citigroup
4 questions for DRH
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MB
Michael Bellisario
Robert W. Baird & Co.
3 questions for DRH
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CC
Cooper Clark
Wells Fargo
2 questions for DRH
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Daniel Hogan
Baird
2 questions for DRH
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DK
Dori Kesten
Wells Fargo & Company
2 questions for DRH
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Kenneth Billingsley
Compass Point Research & Trading LLC
2 questions for DRH
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BR
Bennett Rose
Citigroup
1 question for DRH
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Jack Armstrong
Wells Fargo
1 question for DRH
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Stephen Grambling
Morgan Stanley
1 question for DRH
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Recent press releases and 8-K filings for DRH.
DiamondRock Hospitality Reports Strong FY 2025 Results and Provides 2026 Guidance
DRH
Earnings
Guidance Update
Share Buyback
- DiamondRock Hospitality reported strong full year 2025 results, with corporate Adjusted EBITDA of $297.6 million and Adjusted FFO per share of $1.08. Free cash flow per share increased 6% over 2024 to $0.69.
- For Q4 2025, corporate Adjusted EBITDA was $71.9 million and Adjusted FFO per share was $0.27. Despite a 30 basis point decline in comparable RevPAR, hotel operating expenses decreased 0.5%, leading to an 82 basis point expansion in hotel EBITDA margin.
- The company provided 2026 guidance, projecting Adjusted EBITDA between $287 million and $302 million and FFO per share between $1.09 and $1.16. RevPAR growth is anticipated to be 1%-3%.
- DiamondRock redeemed its Series A redeemable preferred shares on December 31, 2025, which is expected to generate a $0.03 tailwind to FFO per share in 2026. In 2025, the company repurchased 4.8 million common shares at an average price of $7.72 per share and plans to declare quarterly dividends of $0.09 per share in 2026.
- Chairman Bill McCarten will retire in late April 2026, and Bruce D. Wardinski has been selected as the next Chairman.
12 hours ago
DiamondRock Hospitality Reports Strong 2025 Results, Issues 2026 Guidance, and Announces Board Change
DRH
Earnings
Guidance Update
Share Buyback
- DiamondRock Hospitality finished 2025 ahead of guidance, reporting full-year corporate adjusted EBITDA of $297.6 million and adjusted FFO per share of $1.08.
- For 2026, the company expects adjusted EBITDA in the range of $287 million-$302 million and FFO per share between $1.09-$1.16, with RevPAR growth projected at 1%-3%.
- The company repurchased 4.8 million common shares at an average price of $7.72 per share in 2025 and plans to declare quarterly dividends of $0.09 per share in 2026.
- Bill McCarten will retire from the board, with Bruce D. Wardinski selected as the next Chairman.
- DiamondRock anticipates being a net seller of hotels in 2026 and plans capital expenditures of $80 million-$90 million for the year.
13 hours ago
DiamondRock Hospitality Reports Q4 and Full-Year 2025 Results, Issues 2026 Guidance, and Announces Board Change
DRH
Earnings
Guidance Update
Share Buyback
- DiamondRock Hospitality reported Q4 2025 corporate adjusted EBITDA of $71.9 million and adjusted FFO per share of $0.27, contributing to a full-year 2025 corporate adjusted EBITDA of $297.6 million and a record adjusted FFO per share of $1.08.
- For the full year 2025, comparable total RevPAR grew 1.2%, and comparable hotel adjusted EBITDA grew 1.1%, with free cash flow per share increasing 6% over 2024 to $0.69.
- The company issued 2026 guidance, projecting adjusted EBITDA between $287 million and $302 million and FFO per share between $1.09 and $1.16, alongside expected RevPAR growth of 1%-3% and capital expenditures of $80 million-$90 million.
- In Q4 2025, DiamondRock redeemed its Series A redeemable preferred shares, which is anticipated to provide a $0.03 tailwind to FFO per share in 2026. The company also repurchased 4.8 million common shares at an average price of $7.72 per share in 2025 and plans to declare quarterly dividends of $0.09 per share in 2026.
- DiamondRock expects to be a net seller of hotels in 2026 and announced that Chairman Bill McCarten will retire, with Bruce D. Wardinski appointed as the next Chairman.
13 hours ago
DiamondRock Hospitality Company Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance
DRH
Earnings
Guidance Update
Share Buyback
- DiamondRock Hospitality Company reported Q4 2025 net income attributable to common stockholders of $23.8 million, or $0.12 per diluted share, and Adjusted FFO per diluted share of $0.27, with both exceeding the high end of guidance.
- For the full year 2025, the company achieved net income attributable to common stockholders of $91.6 million, or $0.44 per diluted share, and Adjusted FFO per diluted share of $1.08, also surpassing the high end of guidance.
- Significant corporate actions in 2025 included the sale of the Westin Washington D.C. City Center for $92.0 million, a $1.5 billion refinancing of its senior unsecured credit facility resulting in a fully unencumbered portfolio, and the redemption of all outstanding Series A Cumulative Redeemable Preferred Stock for $121.5 million.
- The company repurchased 4.8 million shares of its common stock for $37.1 million during 2025, with $137.0 million remaining capacity under its share repurchase program.
- DiamondRock Hospitality Company provided full year 2026 guidance, anticipating Adjusted FFO per share between $1.09 and $1.16 and Adjusted EBITDA between $287 million and $302 million.
1 day ago
DiamondRock Hospitality Reports Fourth Quarter and Full Year 2025 Results
DRH
Earnings
Guidance Update
Debt Issuance
- DiamondRock Hospitality Company reported Net Income of $91.6 million ($0.44 per diluted share) and Adjusted FFO per diluted share of $1.08 for the full year ended December 31, 2025, both exceeding the high end of guidance.
- For the full year 2025, Comparable Total RevPAR increased by 1.2% to $319.06, and Comparable Hotel Adjusted EBITDA increased by 1.1% to $316.5 million.
- The company completed a $1.5 billion refinancing of its senior unsecured credit facility in July 2025, resulting in a fully unencumbered portfolio, and redeemed all $121.5 million of its 8.25% Series A Cumulative Redeemable Preferred Stock on December 31, 2025.
- DiamondRock repurchased 4.8 million shares of its common stock for $37.1 million during 2025 and provided full year 2026 Adjusted FFO per share guidance ranging from $1.09 to $1.16.
1 day ago
DiamondRock Hospitality Company Exceeds Q3 2025 Outlook and Updates Full-Year Guidance
DRH
Guidance Update
Share Buyback
Debt Issuance
- DiamondRock Hospitality Company exceeded its Q3 2025 outlook for Comparable RevPAR, Hotel EBITDA, and Adjusted FFO per share, leading to an updated 2025 guidance with increased Adjusted EBITDA to a range of $287MM to $295MM and Adjusted FFO per share to $1.02 to $1.06.
- The company refinanced, upsized, and extended its senior unsecured credit facility to $1.5 billion and plans to redeem its 8.250% Series A Cumulative Redeemable Preferred Stock on December 31, 2025, which is expected to provide a $0.03 FFO per share (net) tailwind.
- DRH repurchased 1.5 million shares at an average price of $7.87 per share in Q3 2025, contributing to a year-to-date total of 4.8 million shares repurchased for $37.1 million.
- Strategic capital recycling activities included the sale of Westin DC for $92MM, the acquisition of AC Minneapolis for $30MM, and a $25MM investment in the Sedona ROI Project.
Dec 8, 2025, 12:32 PM
DiamondRock Hospitality Declares Fourth Quarter Dividend and Provides 2025/2026 Outlook
DRH
Dividends
Guidance Update
- DiamondRock Hospitality Company declared a fourth quarter dividend of $0.12 per common share, comprising a regular quarterly dividend of $0.08 and a stub dividend of $0.04, payable on January 14, 2026.
- The total common dividends for 2025 amount to $0.36 per share, representing a 12.5% increase over 2024.
- The company expects to declare regular quarterly dividends of $0.09 per common share in 2026.
Dec 3, 2025, 12:30 PM
DiamondRock Hospitality Announces Redemption of Preferred Stock
DRH
Dividends
- DiamondRock Hospitality Company announced it will redeem all 4,760,000 outstanding shares of its 8.250% Series A Cumulative Redeemable Preferred Stock on December 31, 2025.
- The redemption price will be $25.00 per share, plus accrued and unpaid dividends, and will be funded by approximately $121.5 million cash on hand.
- A quarterly dividend of $0.515625 per share on the Series A Preferred Stock was declared on November 19, 2025, payable on December 31, 2025.
- Beginning on the Redemption Date, the Series A Preferred Stock will no longer be outstanding, and dividends will no longer accrue on these securities.
Nov 20, 2025, 11:32 AM
DiamondRock Hospitality Announces Redemption of Series A Preferred Stock
DRH
Dividends
- DiamondRock Hospitality Company will redeem all 4,760,000 outstanding shares of its 8.250% Series A Cumulative Redeemable Preferred Stock on December 31, 2025.
- The company intends to use approximately $121.5 million cash on hand to fund the redemption price of $25.00 per share, plus accrued and unpaid dividends.
- A quarterly dividend of $0.515625 per share on the Series A Preferred Stock was declared on November 19, 2025, payable on December 31, 2025.
- Beginning on the Redemption Date, the Series A Preferred Stock will no longer be outstanding, and dividends will no longer accrue on these securities.
Nov 20, 2025, 11:30 AM
DRH Discusses Renovation Strategy, Expense Control, and Portfolio Optimization in Q3 2025
DRH
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- DRH is focused on elongating hotel renovation cycles and reducing costs, with an extra two years on the renovation cycle leading to a 28% reduction in average annual expenditures. This strategy contributes to an expected 2025 free cash flow per share that is 2% above 2018 levels, while peers average 30% below.
- The company highlighted the successful $25 million renovation of The Cliffs at L'Auberge, which realized a 65% ADR increase in its first full post-renovation quarter and is projected to achieve a 10% yield on cost at stabilization.
- DRH is making strong progress on expense control through a company-wide focus on productivity and efficiency from existing employees, rather than headcount reduction.
- The company is strategically evaluating upcoming franchise expirations for properties such as the Westin Boston, Kimpton Shorebreak, and Courtyard in Denver, considering options like upbranding or operating as independents to maximize value.
- F&B and other revenues as a percentage of total revenues increased by approximately 120 basis points this quarter compared to last, primarily due to menu management and a higher volume of in-house group business.
Nov 7, 2025, 2:00 PM
Quarterly earnings call transcripts for DiamondRock Hospitality.
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