DiamondRock Hospitality Co (DRH) Form 8-K — Nov 3, 2026
DiamondRock Hospitality (Nasdaq: DRH) reported strong Q3 2026 results, with net income attributable to common stockholders of $33.3 million ($0.16 per diluted share), up 65.7% year over year, and Adjusted FFO per share of $0.32, up 10.3%. Comparable RevPAR rose 6.6% to $226.01 and Comparable Hotel Adjusted EBITDA margin expanded 166 basis points to 30.81%, driven by higher rates and occupancy across transient and group segments. Management raised full-year 2026 guidance (Adjusted FFO per share to $1.24-$1.26 from $1.18-$1.23) and increased the quarterly dividend 22% to $0.11 per share, with a possible stub dividend in Q4.
Key figures
- Eps
- 0.16
- Revenue
- 297605000
- Guidance
- Full year 2026 Adjusted FFO per diluted share raised to $1.24-$1.26 (from $1.18-$1.23); Adjusted EBITDA $322.0M-$327.0M (from $310.0M-$320.0M); Comparable RevPAR growth 4.75%-5.25%
- Net Income
- 33321000
- Total Debt
- 1100000000
- Revenue Yoy
- 6.4% (comparable) / 4.3% (actual) for Q3 2026 vs Q3 2025
- Total Assets
- 3096852000
- Cash Position
- 139963000
- Shares Outstanding
- 204610975
- Adjusted ebitda q3
- $84.8 million, +7.2% YoY
- Net debt to ebitda
- 3.0x
- Quarterly dividend
- $0.11 per share, +22%
- Capex 2026 expected
- $75.0-$80.0 million
- Bellmoor acquisition
- $31.0 million for 79-room The Bellmoor Inn & Spa, 10.4x EBITDA / 8.6% cap rate, expected stabilized ~9.5% Hotel NOI yield
- Comparable revpar q3
- $226.01, +6.6% YoY
- Share repurchases ytd
- 0.2 million shares for $1.9 million at average $9.79; $299.4 million remaining capacity
- Weighted avg interest rate
- 5.1%
- Adjusted ffo per diluted share q3
- $0.32, +10.3% YoY
- Comparable hotel ebitda margin q3
- 30.81%, +166 bps YoY
AI analysis
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