Reported results
- GAAP net income attributable to common stockholders was $38.7 million, or $0.21 per diluted share, compared to a net loss attributable to common stockholders of $2.9 million, or $(0.02) per diluted share in Q3 2025.
- GAAP total revenues reached $233.7 million ($233,718 thousand) for the third quarter of 2026.
- RevPAR for all hotels in the portfolio increased 11.4% to $235.22.
- Non-GAAP Adjusted EBITDA re increased 8.8% to $54.5 million.
- Non-GAAP Adjusted FFO attributable to common stockholders per diluted share increased 17.6% to $0.20.
- Non-GAAP Hotel Adjusted EBITDA re Margin, excluding Andaz Miami Beach, increased 50 basis points to 26.7%.
Guidance
- For full year 2026, GAAP Net Income is expected to be between $92 million and $97 million.
- For full year 2026, GAAP Net Income Attributable to Common Stockholders per Diluted Share is expected to be between $0.46 and $0.49.
- For full year 2026, RevPAR Growth is expected to be between 9.5% and 10.5%.
- For full year 2026, Total RevPAR Growth is expected to be between 8.5% and 9.5%.
- For full year 2026, non-GAAP Adjusted EBITDA re is expected to be between $254 million and $259 million.
- For full year 2026, non-GAAP Adjusted FFO Attributable to Common Stockholders per Diluted Share is expected to be between $1.00 and $1.03.
Price and volatility reaction
The stock moved +1.4% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 12.35 | 2026-11-05 |
| Close after release | 12.52 | 2026-11-06 |
| Realised move | +1.4% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.
