DiamondRock Hospitality Reports Strong Q2 Results, Raises Guidance and Dividend
DiamondRock Hospitality (Nasdaq: DRH) reported second-quarter results for 2026 showing significant growth across key financial metrics. Net income attributable to common stockholders rose by 135.7% year-over-year to $90.5 million, or $0.44 per diluted share. Adjusted EBITDA increased by 19.2%, and adjusted FFO per diluted share grew by 25.7%. The company also saw a 7% increase in comparable RevPAR and strong performance from its hotel portfolio. DiamondRock raised its quarterly common dividend to $0.11 per share, marking a 22% increase over the prior quarter. This follows the successful settlement of property tax appeals for Chicago hotels, which added approximately $6.9 million to EBITDA. The company also sold one asset in May and continues to focus on operational efficiency and disciplined capital allocation. CEO Jeffrey J. Donnelly highlighted strong demand across both group and transient segments as well as margin expansion driven by controlled expenses. With a 30% increase in free cash flow over the past year, DiamondRock is confident in its long-term strategy of delivering value through earnings growth and dividend increases.
Tickers: $DRH
Topics: dividend increase guidance revision hotel industry real estate investment trust (REIT)