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DiamondRock Hospitality is an American company that operates as a REIT and is focused specifically on temporary accommodation properties. In 2023 and 2024, DiamondRock is expected to benefit from the capital expenditures made in the Hilton Boston Downtown/Faneuil Hall, Salt Lake City Marriott, and the Hilton Burlington Lake Champlain. I believe that further inflationary effects in the United States would most likely not affect the company as DiamondRock periodically changes the room prices to reflect the effects of inflation.
DiamondRock Hospitality Company (NYSE:DRH ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Briony Quinn - SVP & Treasurer Mark Brugger - Co-Founder, President, CEO & Director Jeff Donnelly - EVP & CFO Troy Furbay - EVP & CIO Justin Leonard - EVP, Asset Management & COO Conference Call Participants Duane Pfennigwerth - Evercore ISI Anthony Powell - Barclays Bank Floris Van Dijkum - Compass Point Michael Bellisario - Robert W. Baird & Co. Chris Darling - Green Street Advisors Gregory Miller - Truist Securities Smedes Rose - Citigroup Operator Thank you for standing by, and welcome to the DiamondRock Hospitality Company Second Quarter 2023 Earnings Conference Call.
The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.36 per share a year ago.
BETHESDA, Md. , June 15, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the second quarter 2023 after the market closes on Thursday, August 3, 2023.
DiamondRock Hospitality Company (NYSE:DRH ) Q1 2023 Earnings Conference Call May 5, 2023 9:00 AM ET Company Participants Briony Quinn - Senior Vice President and Treasurer Mark Brugger - President & Chief Executive Officer Jeff Donnelly - Executive Vice President & Chief Financial Officer Justin Leonard - Executive Vice President & Chief Operating Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Dori Kesten - Wells Fargo Duane Pfennigwerth - Evercore ISI Smedes Rose - Citi Floris Van Dijkum - Compass Point Research & Trading Michael Bellisario - Baird Anthony Powell - Barclays Operator Good day and thank you for standing by. Welcome to the DiamondRock Hospitality Company's First Quarter 2023 Earnings Conference Call.
The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.18 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to FFO of $0.14 per share a year ago.
Navigating The REIT Landscape: A Spotlight On DiamondRock Hospitality.
DiamondRock Hospitality focuses on luxury resorts. It has an enviable track record of being able to take advantage of opportunities when they arise. The REIT pays a very low dividend; most of the cash is retained on the balance sheet.