[8-K] Xenia Hotels & Resorts, Inc. Reports Material Event

Rhea-AI Filing Summary

Cinemark Holdings (CNK) delivered a strong Q2-25 rebound.

• Revenue rose 28% YoY to $940.5 m on higher attendance and concessions; U.S. screens contributed 81% of sales.
• Operating income more than doubled to $173.5 m (18.4% margin vs. 11.3%).
• Net income attributable to CNK climbed 104% to $93.5 m; diluted EPS $0.63 vs. $0.32.
• For 1H-25, revenue reached $1.48 bn (+13%), but net income slipped to $54.6 m (-23%) due to a weak Q1 and higher taxes.
• Liquidity: Cash fell to $931.6 m (-$125.7 m YTD) after $200 m share repurchases and $19 m dividends; operating cash flow of $156.8 m offset capex of $52 m.
• Leverage steady: total debt $2.34 bn; net debt/annualized EBITDA remains elevated but unmoved.
• Equity contracted to $447.8 m from $594.4 m, reflecting buybacks.

Momentum benefited from block-buster slate and improved international FX translation, while variable lease and film-rental costs grew in line with sales. Management continues to prioritize shareholder returns via dividends ($0.08/quarter) and repurchases while monitoring cash.

Positive

• Q2 revenue up 28% YoY, indicating robust attendance and pricing gains.
• Operating margin expanded 710 bp, demonstrating cost leverage.
• Diluted EPS nearly doubled to $0.63; share count reduced 6% via repurchase.
• $156.8 m operating cash flow comfortably covered capex and dividend.

Negative

• Cash balance down $125.7 m YTD due to $200 m buyback.
• Six-month net income fell 23% versus prior year, reflecting Q1 weakness.
• Debt remains high at $2.34 bn with leverage ~3.5× EBITDA.
• Equity shrank 25% from repurchases, reducing balance-sheet cushion.

Insights

Equity Research Analyst

TL;DR: Q2 beat on revenue & EPS; cash burn driven by $200 m buyback.

Cinemark’s 28% top-line growth outpaced industry trends, underscoring strong film slate leverage and pricing power (per-patron concessions +16%). Operating margin expanded 710 bp as film-rentals mix normalized. Diluted EPS of $0.63 handily beats prior-year and consensus. Cash deployment toward repurchases (14.9 m shares) is accretive but cut cash balances 12%; still ample liquidity at $932 m. Net debt unchanged, leaving leverage high (~3.5× TTM EBITDA) yet manageable given positive FCF. Six-month earnings lag reflects Q1 softness and higher tax expense. Overall filing is modestly positive for valuation.

Risk Analyst

TL;DR: Improved Q2, but equity erosion and debt load remain watch points.

Buybacks reduced outstanding shares 6% YTD, boosting EPS but trimming book equity 25%. Cash outflow coupled with dividends and capex produced a $126 m liquidity draw; runway remains >$900 m, yet future hit-driven volatility persists. Long-term lease liabilities ($1.0 bn) and fixed-rate debt ($2.3 bn) limit flexibility if box-office recovery stalls. Foreign currency translation added $8.5 m OCI gain this quarter, masking underlying LatAm inflation risks. Adoption of new disclosure standards (ASU 2023-09, 2024-03) unlikely to alter economics. Net effect: neutral to slightly positive, contingent on sustained content pipeline.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 1, 2025

Xenia Hotels & Resorts, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland

001-36594

20-0141677

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

200 S. Orange Avenue, Suite 2700
Orlando, Florida 32801
(Address of Principal Executive Offices)

(407) 246-8100
(Registrant’s Telephone Number, Including Area Code)

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock

XHR

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item       2.02.    Results of Operations and Financial Condition.

On August 1, 2025, Xenia Hotels & Resorts, Inc. (the “Company”) issued a press release announcing its results for the quarter and six months ended June 30, 2025. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished under Item 2.02 and Exhibit 99.1 in this Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section and shall not be deemed incorporated by reference in any filing made by the Company under the Securities Act or the Exchange Act, except as set forth by specific reference in such filing.

Item    9.01.    Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.						Description
99.1						Press Release of Xenia Hotels & Resorts, Inc., dated as of August 1, 2025 (furnished pursuant to Item 2.02)
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Xenia Hotels & Resorts, Inc.
Date: August 1, 2025						By:			/s/ Atish Shah
						Name:			Atish Shah
						Title:			Executive Vice President and Chief Financial Officer

FAQ

How much did CNK's Q2-25 revenue grow year over year?

Revenue rose 28% to $940.5 million compared with $734.2 million in Q2-24.

What were Cinemark's Q2-25 diluted earnings per share?

Diluted EPS increased to $0.63, up from $0.32 in the prior-year quarter.

How much cash did Cinemark hold at 30-Jun-2025?

The company reported $931.6 million in cash and equivalents.

What was the size of the share-repurchase program in 1H-25?

Cinemark repurchased $200 million of its common stock, reducing outstanding shares by about 14.9 million.

Did net income improve for the first six months of 2025?

No. 1H-25 net income attributable to CNK was $54.6 million, down from $70.6 million in 1H-24.

What is the current quarterly dividend?

The board declared and paid a $0.08 per share quarterly dividend during Q2-25.

How much long-term debt does Cinemark carry?

Long-term debt stood at $1.87 billion, with another $466 million current portion, totaling $2.34 billion.