Xenia Hotels & Resorts Reports Fourth Quarter And Full Year 2020 Results
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ORLANDO, Fla., March 1, 2021 /PRNewswire/ Xenia Hotels & Resorts, Inc. (NYSE: XHR) ( Xenia or the Company ) today announced results for the quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Highlights
Adjusted EBITDAre: Adjusted EBITDAre was $(10.1) million.
Adjusted FFO per Diluted Share: Adjusted FFO per diluted share was $(0.24).
Same-Property RevPAR: The Company had its entire Same-Property portfolio (34 properties) open and operating during the entire fourth quarter. These properties achieved RevPAR of $50.82, as a result of occupancy of 27.8% and an ADR of $182.64.
Transaction Activity: The Company sold four hotels for a total sales price of approximately $391 million.
SBA Communications Corporation (NASDAQ: SBAC) ("SBA") announces that Jeffrey A. Stoops, President and Chief Executive Officer, is scheduled to speak at Deutsche Bank’s 29th Annual Media, Internet & Telecom Conference on Tuesday, March 9, 2021 at 2:00pm ET. This will be a virtual conference. The audio presentation for SBA can be accessed by visiting www.sbasite.com.
Above-guideline rent increases in Toronto up 250 per cent in six years: report
Corporate landlords are responsible for 84 per cent of all above-guideline rent increases in Toronto, according to RenovictionsTO By Julia Mastroianni
Justin Wei / Unsplash
The number of applications for above-guideline rent increases (AGI) between 2019 and 2020 was two and half times than in 2012 to 2013 in both Ontario and Toronto, according to a new report.
On Wednesday, RenovictionsTO released data that found there were 296 AGI applications in the 2012-2013 fiscal year in Ontario, versus 758 in from 2019-2020.
In Toronto during the same period, the number went up from 117 to 294.
AGIs refer to rent increases that surpass the provincially mandated yearly percentage limit on rent increases. Usually, that amount hovers around two per cent, though currently the Ontario government implemented a rent freeze at 2020 levels for 2021.
Press release content from Business Wire. The AP news staff was not involved in its creation.
City Office REIT Reports Fourth Quarter and Full Year 2020 Results
February 25, 2021 GMT
VANCOUVER (BUSINESS WIRE) Feb 25, 2021
City Office REIT, Inc. (NYSE: CIO) (the “Company,” “City Office,” “we” or “our”) today announced its results for the quarter and full year ended December 31, 2020.
Fourth Quarter Highlights
Rental and other revenues were $39.8 million. GAAP net loss attributable to common stockholders was approximately $1.5 million, or $(0.03) per fully diluted share;
Core FFO was approximately $14.1 million, or $0.32 per fully diluted share;
AFFO was approximately $7.5 million, or $0.17 per fully diluted share;