Earnings ·
DiamondRock Hospitality raises full-year Adjusted EBITDA guidance to $322M-$327M after Q3 results
DRHDiamondRock Hospitality Co
DiamondRock Hospitality reported third-quarter net income attributable to common stockholders of $33.3 million, or $0.16 per diluted share, a 65.7% increase year-over-year. Adjusted EBITDA rose 7.2% to $84.8 million, while comparable Hotel Adjusted EBITDA grew 12.5% to $91.7 million. The company raised its full-year 2026 guidance for Adjusted EBITDA to a range of $322.0 million to $327.0 million and Adjusted FFO per diluted share to $1.24-$1.26, citing strong demand and operating efficiencies. Additionally, the Board increased the quarterly common dividend by 22% to $0.11 per share. The lodging REIT owns a portfolio of 35 premium hotels and resorts in the United States.