Xenia's Q4 numbers look clean on the surface... EPS beat, RevPAR up 3.9%, aggressive buybacks at $12.59 a share. But decompose the Fairmont Dallas disposition and the 2026 CapEx guidance, and you start seeing a REIT that's quietly choosing which assets to feed and which to starve.
A headline about a hedge fund holding IHG stock sounds like it matters. It doesn't. But what's actually happening at IHG right now... that's worth your attention.
Choice declared its first quarterly dividend at $0.2875 per share, yielding 1.1%, while swapping general counsels. One of these things matters for shareholders. The other is a press release.
Sunstone posted $0.20 adjusted FFO per share against a consensus expecting a loss, grew RevPAR 9.6%, and the market sold it off 3.5%. The disconnect between the quarter they reported and the price they got tells you everything about where REIT investors' heads are right now.
