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.

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Earnings data Q3 2023

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Earnings data Q1 2024

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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.

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DiamondRock Hospitality Company (NYSE:DRH ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Briony Quinn - CFO Jeff Donnelly - CEO Justin Leonard - President and COO Conference Call Participants Dori Kesten - Wells Fargo Securities Austin Wurschmidt - KeyBanc Capital Markets Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Chris Woronka - Deutsche Bank Michael Bellisario - Baird Chris Darling - Green Street Advisors Operator Good day and thank you for standing by. Welcome to the DiamondRock Hospitality Company Third Quarter 2024 Earnings Conference Call.

DiamondRock Hospitality Company (DRH) Q3 2024 Earnings Conference Call Transcript

Although the revenue and EPS for DiamondRock Hospitality (DRH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

DiamondRock Hospitality (DRH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.26 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.26 per share a year ago.

DiamondRock Hospitality (DRH) Q3 FFO Match Estimates

BETHESDA, Md. , Nov. 7, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging 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, 2024.

DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2024 RESULTS

DiamondRock Hospitality's preferred dividends are well covered, with less than 5% of pre-dividend AFFO needed, and a strong balance sheet with $1.5B in common equity. The preferred shares, trading at a 4% premium, offer a 3.08% return over 10.5 months, lower than a 1-year US Treasury Bill. If preferred shares are called in August 2025, selling now is advisable due to low returns. Holding is better if you expect them to be called later.

DiamondRock Hospitality: Wait For A Dip In The 8.25% Preferred Shares

On September 30, 2024, FMR LLC (Trades, Portfolio) executed a significant transaction involving the shares of Diamondrock Hospitality Co (DRH, Financial), a well-known player in the REITs industry. The firm reduced its holdings by 12,399,040 shares, which resulted in a decrease of 99.90% from its previous position.

FMR LLC's Strategic Reduction in Diamondrock Hospitality Co Holdings

BETHESDA, Md. , Sept. 4, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the third quarter 2024 after the market closes on Thursday, November 7, 2024.

DIAMONDROCK HOSPITALITY ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

BETHESDA, Md. , Sept. 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 October 11, 2024 to shareholders of record as of September 30, 2024.

DIAMONDROCK HOSPITALITY DECLARES DIVIDENDS FOR THIRD QUARTER 2024

Gaming and Leisure Properties

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with DiamondRock Hospitality (DRH) and Gaming and Leisure Properties (GLPI). But which of these two stocks is more attractive to value investors?

DRH or GLPI: Which Is the Better Value Stock Right Now?

DiamondRock Hospitality reported strong Q2 earnings with revenue up 4.8% YoY, FFO per share beating estimates, and increased adjusted EBITDA by 7.8%. The company repurchased $20.6mn worth of shares in Q2 and has $176.5mn remaining capacity for future repurchases. DRH's low forward AFFO payout ratio and net debt position suggest potential for future growth and value creation for shareholders.

DiamondRock Hospitality: Solid Q2 Performance, Strategic Share Repurchases Signal Long-Term Potential

DiamondRock Hospitality (DRH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

DiamondRock Hospitality (DRH) Upgraded to Buy: Here's What You Should Know

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both DiamondRock Hospitality (DRH) and Gaming and Leisure Properties (GLPI). But which of these two stocks presents investors with the better value opportunity right now?

DRH vs. GLPI: Which Stock Is the Better Value Option?

DiamondRock Hospitality Company (NYSE:DRH ) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Briony Quinn - CFO Jeff Donnelly - CEO Justin Leonard - President and COO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Patrick Scholes - Truist Dori Kesten - Wells Fargo Securities Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Michael Bellisario - Baird Dany Asad - Bank of America Chris Woronka - Deutsche Bank Chris Darling - Green Street William Crow - Raymond James Operator Good day and thank you for standing by. Welcome to DiamondRock Hospitality Company Second Quarter 2024 Earnings Conference Call.

DiamondRock Hospitality Company (DRH) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for DiamondRock Hospitality (DRH) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

DiamondRock Hospitality (DRH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.34 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to FFO of $0.32 per share a year ago.

DiamondRock Hospitality (DRH) Beats Q2 FFO and Revenue Estimates

Comparable Total Revenues 4.8% Above 2023 Raises Midpoint of Full Year Guidance BETHESDA, Md. , Aug. 1, 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 June 30, 2024.

DIAMONDROCK HOSPITALITY COMPANY REPORTS SECOND QUARTER 2024 RESULTS

DiamondRock Hospitality's preferred shares offer a 7.2% total return if called in 2025, with a 6.2% annualized return. The REIT's solid performance and balance sheet strength indicate a stable preferred dividend coverage. Consider investing in DiamondRock's preferred shares as a short-term option with potential for a 6.2% annualized yield.

DiamondRock Hospitality: Balance Sheet Strength Indicates Stable Preferred Dividend Coverage

BETHESDA, Md. , June 3, 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 July 12, 2024 to shareholders of record as of June 28, 2024.

DIAMONDROCK HOSPITALITY DECLARES DIVIDENDS FOR SECOND QUARTER 2024

BETHESDA, Md. , May 29, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the second quarter 2024 after the market closes on Thursday, August 1, 2024.

DIAMONDROCK HOSPITALITY ANNOUNCES SECOND QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

BETHESDA, Md. , May 16, 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 the promotion of Stephen Spierto to Chief Accounting Officer effective as of May 15, 2024.

DIAMONDROCK HOSPITALITY COMPANY ANNOUNCES PROMOTION OF STEPHEN SPIERTO TO CHIEF ACCOUNTING OFFICER AND HIRING OF ANIKA FISCHER AS GENERAL COUNSEL

DiamondRock Hospitality Company (NYSE:DRH ) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Briony Quinn - Executive Vice President and Chief Financial Officer Jeff Donnelly - Chief Executive Officer Justin Leonard - President and Chief Operating Officer Conference Call Participants Dori Kesten - Wells Fargo Austin Wurschmidt - KeyBanc Capital Markets Duane Pfennigwerth - Evercore ISI Anthony Powell - Barclays Smedes Rose - Citi Dany Asad - Bank of America Michael Bellisario - Baird Floris van Dijkum - Compass Point LLC. Chris Darling - Green Street Stephen Grambling - Morgan Stanley Chris Woronka - Deutsche Bank Bill Crow - Raymond James Operator Good day, and thank you for standing by.

DiamondRock Hospitality Company (DRH) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for DiamondRock Hospitality (DRH) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About DiamondRock Hospitality (DRH) Q1 Earnings

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.

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