Xenia Hotels & Resorts: Still Undervalued As Guidance Raised Again

Philip Wang 1.21K Followers Follow Summary Xenia Hotels & Resorts delivered strong portfolio performance, prompting two guidance raises and consistent outperformance in 2026. XHR trades at 9.5x FY26 AFFO guidance, still below sector median, but the valuation gap has narrowed after a 26% share price rally. Balance sheet remains conservative with $612M in liquidity and no near-term debt risks; dividend coverage has improved with a 28.6% payout ratio. I maintain a Buy rating on XHR with a revised $22/share price target, reflecting ongoing operational strength but reduced deep-value upside. imaginima/iStock via Getty Images Introduction I last wrote about Xenia Hotels & Resorts ( XHR ) in April this year. Back then, I gave the company a "Buy " rating, with the main reasons being the company 's This article was written by Philip Wang 1.21K Followers Follow Dividend-focused investor specializing in REITs. I write fundamental deep dives on REITs, emphasizing sustainable dividends, balance sheet strength, and catalysts. Follow me for cycle-aware, income-oriented REIT ideas with clear Buy/Hold/Sell calls. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in XHR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.