DiamondRock Hospitality has recently released its 10-Q report, revealing a detailed insight into the company's financial performance and operational highlights. As a self-advised real estate investment trust (REIT), DiamondRock owns a portfolio of 36 premium quality hotels with over 9,700 rooms, strategically positioned in leisure destinations and top gateway markets, operated under leading global brand families as well as independent boutique hotels in the lifestyle segment.
The 10-Q report delves into Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations, which includes forward-looking statements and risk factors affecting the company's performance. The report highlights the company's revenue primarily derived from hotel operations, including rooms revenue, food and beverage revenue, and other revenue. Additionally, it outlines the operating costs and expenses, such as rooms expense, food and beverage expense, and management and franchise fees.
The report also discusses key indicators of financial condition and operating performance, including occupancy percentage, Average Daily Rate (ADR), Rooms Revenue per Available Room (RevPAR), Earnings Before Interest, Income Taxes, Depreciation and Amortization (EBITDA), and Funds From Operations (FFO). These indicators are used to evaluate the performance of individual hotels and the company as a whole.
Furthermore, the report provides a detailed breakdown of the operating information for each of DiamondRock's hotels, including occupancy percentage, ADR, and RevPAR for the three months ended March 31, 2024. This data offers a comprehensive view of the performance of each property, allowing stakeholders to assess the company's operational success on a granular level.
Today the company's shares have moved 0.8% to a price of $8.84. For the full picture, make sure to review DiamondRock Hospitality's 10-Q report.
