Company: DRH-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001298946-25-000085
Chunk: 95

Company: DiamondRock Hospitality Co
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
156 479 925 Terminated transaction costs151 — 1,058 — Loss on debt extinguishment5,850 — 5,850 0— Severance costs— — — 20,362 Adjusted EBITDA79,084 76,977 225,651 228,229 Corporate expenses6,365 6,263 18,368 18,147 Interest (income) and other (income) expense, net(2,281)(981)(3,827)(3,215)Hotel Adjusted EBITDA$83,168 $82,259 $240,192 $243,161 

(1)Effective January 1, 2025, we exclude share-based compensation expense from our calculation of Adjusted EBITDA. Amounts reported for 2024 have been adjusted to reflect the current year presentation.

(2)For each of the three months ended September 30, 2025 and 2024, amounts include less than $0.1 million of non-cash realized gains related to our deferred compensation plan. For the nine months ended September 30, 2025 and 2024, amounts include $0.7 million and less than $0.1 million, respectively, of non-cash realized gains related to our deferred compensation plan.

The following table is a reconciliation of our U.S. GAAP net income to FFO and Adjusted FFO (in thousands):

-32-

Three Months Ended September 30,Nine Months Ended September 30,20252024 (As Adjusted)(1)20252024 (As Adjusted)(1)Net income$22,638 $26,557 75,592 $59,546 Real estate related depreciation and amortization 28,340 28,356 84,388 84,542 Impairment losses1,076 1,596 1,076 1,596 FFO52,054 56,509 161,056 145,684 Distributions to preferred stockholders(2,454)(2,454)(7,362)(7,362)FFO available to common stock and unit holders49,600 54,055 153,694 138,322 Non-cash lease expense and other amortization1,472 1,531 4,417 4,604 Share-based compensation expense (2)2,035