Quarterly ResultApr 30, 2026, 04:20 PM
DRH Q1 Net Income +54.3% to $14.5M; Raises 2026 Guidance; New $300M Buyback
AI Summary
DiamondRock Hospitality Co (DRH) reported strong first-quarter 2026 financial results, with net income attributable to common stockholders increasing 54.3% to $14.5 million and Adjusted FFO per diluted share rising 15.8% to $0.22. The company also raised its full-year 2026 guidance for Adjusted FFO per share to $1.12-$1.18, reflecting better-than-expected Q1 performance and a favorable insurance renewal. Additionally, the Board approved a new $300 million share repurchase program and declared a quarterly cash dividend of $0.09 per share. At its Annual Meeting, stockholders elected all directors, approved executive compensation on an advisory basis, and ratified KPMG LLP as the independent auditor.
Key Highlights
- New $300 million share repurchase program approved.
- Q1 2026 Net Income attributable to common stockholders: $14.5 million, up 54.3% YoY.
- Q1 2026 Adjusted FFO per diluted share: $0.22, up 15.8% YoY.
- Q1 2026 Comparable RevPAR: $190.01, up 2.0% YoY.
- Q1 2026 Comparable Hotel Adjusted EBITDA Margin: 25.63%, up 127 basis points YoY.
- Raised 2026 Adjusted FFO per share guidance to $1.12-$1.18 (midpoint increase of $0.03).
- Declared a regular quarterly cash dividend of $0.09 per common share.
- Stockholders elected 8 directors, approved executive compensation, and ratified KPMG LLP as auditor.