📈 Price History

Ratio Health

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📊 Sector Averages

About

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 34 premium quality hotels with 9,400 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment. DiamondRock Hospitality Company was established on May 26 2004 and is based in Bethesda, United States.

Key Ratios Snapshot

📈 Growth Pattern

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⭐ Superinvestors Holding DRH

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	281.8K	$2.6M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly used specific numbers and phrases like 'incredibly proud of how our operators managed costs', 'out-of-room spend reached a new quarterly high of $160/occupied room', and 'free cash flow per share increased approximately 4.5%'. They also acknowledged headwinds such as 'uncertainty stemming from DOGE and tariff announcements' and a 50-basis-point drag from the Sedona conversion, but framed them as manageable.

Q3 2025

Confident Specific

Management repeatedly emphasized outperforming expectations and industry-leading results with specific figures (e.g., adjusted EBITDA $79.1M, FFO per share $0.29, 180 bps F&B margin expansion). They highlighted cash flow per share growth versus peers and detailed their differentiated CapEx strategy with concrete examples like the $21k per key renovation at Kimpton Palomar and the 65% ADR increase at The Cliffs.

Q4 2025

Confident Specific

Management repeatedly used precise numbers (e.g., FFO per share $1.08, total RevPAR up 1.2%, CapEx 7-9% vs peers 10-11%) and framed their performance as a validation of strategy. They emphasised 'excellence compounds', 'we are the stewards of your capital', and called 2025 'an exciting year' with company-record FFO.

Q1 2026 latest

Confident Specific

The call opens with Briony stating results 'exceeded our expectations' and Jeff claiming 'strongest returns in the lodging REIT sector' with detailed figures such as RevPAR up 2%, EBITDA $60.6M, and FFO margin improvement of 225 bps.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. First-quarter results materially beat expectations despite headwinds, and management raised full-year guidance across RevPAR, EBITDA, and FFO per share. The consistent execution of cost controls, productivity gains, and targeted capital projects (e.g., L'Auberge) is translating into cash flow growth. However, the group revenue soft patch in Q1 and the reliance on FIFA/America 250 for acceleration create some uncertainty. Key items to monitor next quarter: Q2 RevPAR momentum, group booking pace for Q3, and any progress on asset sales or acquisitions. The raised guidance and positive tone suggest management is confident in continued outperformance.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED DiamondRock Hospitality Q1: 2% RevPAR growth, raises 2026 guidance

Revenue & Profitability

Q1 2026: corporate adjusted EBITDA of $60.6 million, adjusted FFO per share of $0.22, and FFO margin up 225 basis points. Free cash flow per share on a trailing 12-month basis was $0.75, up 19% year-over-year. The company raised its full-year 2026 guidance: RevPAR growth of 1.5%-3.5%, adjusted EBITDA of $296-$308 million, and adjusted FFO per share of $1.12-$1.18.

Outlook

Management is constructive on the resort portfolio, which is seeing an inflection after three years of trailing urban growth, and expects all three demand channels (business transient, leisure, group) to deliver positive growth for the industry in 2026. Tailwinds include easy comps from previous events, a favorable holiday calendar, and events like the FIFA World Cup and America 250 celebrations. Headwinds include tough first-quarter comps, weather challenges, and geopolitical uncertainty slowing some transaction discussions.

Growth Drivers

Key growth levers include out-of-room spend (up 4% per occupied room in Q1), the high-end consumer segment (hotels with ADR above $300 outperformed the rest by 290 basis points in total RevPAR), and successful ROI projects like L'Auberge de Sedona (Total RevPAR up 23%, EBITDA up 67% in Q1). Group revenue pace improved over 100 basis points since the last call, and the company expects record group revenues in 2026.

Balance Sheet & CapEx

Full-year 2026 CapEx guidance is $80-$90 million, part of a five-year plan of $80-$100 million annually. Notable ROI projects include the repositioning of The Dagny in Boston (delivered $15.5 million EBITDA in 2025 vs. underwriting of $16 million) and the L'Auberge de Sedona integration ($25 million investment, exceeding 10% EBITDA yield). The company also invested in new accounting and enterprise analytics platforms and AI-enabled tools.

Margins

Q1 2026 hotel EBITDA margins improved 127 basis points year-over-year, with total hotel operating expenses up only 0.8% on 2.5% revenue growth, leading to a 225 basis point improvement in FFO margin. Wages and benefits, nearly half of total expenses, increased just 0.7% due to productivity gains. Insurance renewal savings of approximately $1 million will benefit the full year.

Key Risks

Management flagged tough first-quarter comps, disruptive weather, and geopolitical events slowing transaction discussions. The company faces a group revenue hole of a few million dollars in Q3 that needs backfilling after strong 2025 comps from the Democratic National Convention. The dividend payout ratio remains low due to NOL utilization, but expected to increase as NOLs are used over the next few years.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-31

Q2 2026 saw robust RevPAR and margin growth, driven by strong demand across segments and disciplined cost control. Resorts outperformed, and guidance for 2026 was raised, with free cash flow per share expected to grow 18%. Balance sheet remains conservative, supporting both internal and external growth.

Q1 2026 Q1 2026 2026-05-01

First quarter 2026 exceeded expectations with strong resort and high-ADR hotel performance, disciplined expense control, and robust free cash flow growth. Guidance for 2026 was raised, with continued focus on ROI-driven capital allocation and active asset management.

Q4 2025 Q4 2025 2026-02-27

Delivered record 2025 FFO per share and outperformed peers, driven by disciplined capital allocation, margin expansion, and strong post-renovation results. 2026 guidance calls for modest RevPAR growth, continued free cash flow gains, and a focus on share repurchases over acquisitions.

Q3 2025 Q3 2025 2025-11-07

Q3 2025 results exceeded expectations with strong EBITDA and FFO per share, driven by out-of-room revenue growth and disciplined expense control. Guidance for 2025 was raised, and capital allocation remains focused on share repurchases and high-ROI projects.

Q2 2025 Q2 2025 2025-08-08

Q2 saw modest RevPAR growth, record out-of-room spend, and strong F&B margins, with urban hotels outperforming resorts. Guidance for 2025 remains steady, supported by a robust balance sheet, ongoing share repurchases, and a focus on high-ROI projects like the Sedona renovation.

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