Company: DRH-PA
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001298946-25-000049
Chunk: 2

Company: DiamondRock Hospitality Co
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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CONTINUED)

(In thousands, except per share amounts)

(Unaudited)             

Three Months Ended March 31,20252024Comprehensive Income:  Net income$11,915 $8,358 Other comprehensive income:Unrealized (loss) gain on interest rate derivative instruments(2,548)960 Unrealized gain on Rabbi Trust assets54 299 Amounts reclassified from other comprehensive income(673)— Comprehensive income8,748 9,617 Comprehensive income attributable to noncontrolling interests(42)(34)Comprehensive income attributable to the Company$8,706 $9,583 

The accompanying notes are an integral part of these consolidated financial statements.

-3-

DIAMONDROCK HOSPITALITY COMPANY

CONSOLIDATED STATEMENTS OF EQUITY

(In thousands, except share and per share amounts)

(Unaudited)

Preferred StockCommon StockSharesPar ValueSharesPar ValueAdditional Paid-In CapitalAccumulated Other Comprehensive Income (Loss)Distributions in Excess of EarningsTotal Stockholders' EquityNoncontrolling InterestsTotal EquityBalance at December 31, 20244,760,000 $48 207,592,210 $2,076 $2,268,521 $(1,360)$(679,050)$1,590,235 $8,697 $1,598,932 Net income— — — — — — 11,857 11,857 58 11,915 Unrealized loss on interest rate derivative instruments— — — — — (2,535)— (2,535)(13)(2,548)Unrealized gain on Rabbi Trust assets— — — — — 54 — 54 — 54 Amounts reclassified from other comprehensive income— — — — — (670)— (670)(3)(673)Distributions on common stock/units ($0.08 per common share/unit)— — — — — — (16,781)(16,781)(91)(16,872)Distributions on preferred stock ($0.5156 per preferred share)— — — — — — (2,454)(2,454)(2,454)Share-based compensation— — 1,379,495 14 1,