DiamondRock raises 2026 Adjusted EBITDA guidance to $310 mln-$320 mln from $290.2 mln-$302.2 mln
Company lifts 2026 Adjusted FFO guidance to $245.5 mln-$255.5 mln from $228.4 mln-$240.4 mln
DiamondRock expects 2026 comparable RevPAR growth of 2.5%-4.0%, up from 1.5%-3.5% previously
Overview
US lodging REIT's Q2 net income and adjusted EBITDA rose sharply yr/yr
Company raised full-year 2026 guidance and increased quarterly dividend by 22%
Q2 results aided by $6.9 mln Chicago property tax settlement and broad-based demand
Key details
Metric
Actual
Q2 ADJ-EBITDA
$107.89 mln
Q2 Adjusted FFO Per Share
$0.44
Q2 Adjusted RevPAR
$240.79
Result Drivers
Broad demand - Co said Q2 performance was driven by broad-based strength in both group and transient demand, with additional benefit from the World Cup in several markets
Expense control - Overall hotel expense growth was held to just 1.8%, supporting margin expansion
DRH•
