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Comparable Total Revenues 4.8% Above 2023 Raises Midpoint of Full Year Guidance BETHESDA, Md. , Aug. 1, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced results of operations for the quarter ended June 30, 2024.
DiamondRock Hospitality's preferred shares offer a 7.2% total return if called in 2025, with a 6.2% annualized return. The REIT's solid performance and balance sheet strength indicate a stable preferred dividend coverage. Consider investing in DiamondRock's preferred shares as a short-term option with potential for a 6.2% annualized yield.
BETHESDA, Md. , June 3, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share to be paid on July 12, 2024 to shareholders of record as of June 28, 2024.
BETHESDA, Md. , May 29, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the second quarter 2024 after the market closes on Thursday, August 1, 2024.
BETHESDA, Md. , May 16, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced the promotion of Stephen Spierto to Chief Accounting Officer effective as of May 15, 2024.
While the top- and bottom-line numbers for DiamondRock Hospitality (DRH) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.18 per share a year ago.
The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended December 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, in line with the Zacks Consensus Estimate. This compares to FFO of $0.23 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for DiamondRock Hospitality (DRH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.