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home / news releases / STAY - Extended Stay America: Outperforming Peers Amidst COVID-19


STAY - Extended Stay America: Outperforming Peers Amidst COVID-19

Extended Stay America (STAY) reported better than expected 1Q20 results with 1Q20 RevPAR down -5.8% yoy and adjusted EBITDA of $97.7M, declining 16% yoy. Like its peers, RevPAR was tracking positively through January and February (up 2.6% yoy for STAY), but COVID-19 impacted March RevPAR with a decline of 19% yoy. Occupancy has since bottomed in April and stands at about 65% during the week ending May 2.

Dividend per share was $0.23 in 4Q19 (ex-div: Mar 11, 2020). I expect STAY to lower the dividend prudently to preserve cash flow and adopt

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Stock Information

Company Name: Extended Stay America Inc.
Stock Symbol: STAY
Market: NASDAQ
Website: esa.com

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