Quarterly ResultJul 30, 2026, 04:14 PM
DiamondRock Q2 Net Income $90.5M, Raises Guidance, Boosts Dividend
AI Summary
DiamondRock Hospitality Company reported strong second quarter 2026 financial results, with net income attributable to common stockholders increasing 135.7% to $90.5 million and diluted EPS rising 144.4% to $0.44. The company also announced a 22% increase in its quarterly common dividend to $0.11 per share and raised its full-year 2026 guidance for key metrics including Adjusted EBITDA and Adjusted FFO per share. Additionally, DiamondRock completed the sale of the Courtyard New York Manhattan/Fifth Avenue for $33.0 million.
Key Highlights
- Net income attributable to common stockholders was $90.5 million, up 135.7% YoY.
- Diluted earnings per share was $0.44, an increase of 144.4% YoY.
- Adjusted FFO per diluted share was $0.44, up 25.7% compared to Q2 2025.
- Comparable RevPAR increased 7.0% to $240.79 compared to Q2 2025.
- Quarterly cash dividend increased 22% to $0.11 per share.
- Full-year 2026 Adjusted EBITDA guidance raised to $310.0M-$320.0M.
- Full-year 2026 Adjusted FFO per share guidance raised to $1.18-$1.23.
- Sold Courtyard New York Manhattan/Fifth Avenue for $33.0 million.
Price Impact
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