Company: DRH-PA
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001298946-25-000049
Chunk: 1

Company: DiamondRock Hospitality Co
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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1,590,235 Noncontrolling interests8,756 8,697 Total equity1,573,652 1,598,932 Total liabilities and equity$3,101,597 $3,172,251 

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

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Table of Contents

DIAMONDROCK HOSPITALITY COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(In thousands, except per share amounts)

(Unaudited)             

Three Months Ended March 31,20252024Revenues:  Rooms$163,118 $163,507 Food and beverage66,841 68,381 Other24,894 24,535 Total revenues254,853 256,423 Operating Expenses:  Rooms43,843 43,968 Food and beverage46,417 47,239 Other departmental and support expenses65,286 64,600 Management fees5,018 5,310 Franchise fees9,048 9,026 Other property-level expenses24,899 26,618 Depreciation and amortization27,892 28,313 Corporate expenses7,683 8,904 Total operating expenses230,086 233,978 Interest expense15,158 16,246 Interest (income) and other (income) expense, net(1,464)(1,069)Total other expenses, net13,694 15,177 Income before income taxes11,073 7,268 Income tax benefit842 1,090 Net income11,915 8,358 Less: Net income attributable to noncontrolling interests(58)(30)Net income attributable to the Company11,857 8,328 Distributions to preferred stockholders(2,454)(2,454)Net income attributable to common stockholders$9,403 $5,874 Earnings per share: Earnings per share available to common stockholders—basic$0.05 $0.03 Earnings per share available to common stockholders—diluted$0.04 $0.03 

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

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Table of Contents

DIAMONDROCK HOSPITALITY COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - (