2024-02-01 10:31:57 ET
Summary
- DiamondRock Hospitality's FFO and AFFO remain strong, indicating solid underlying performance.
- Interest expenses have increased, impacting the AFFO, but the decrease is manageable.
- DiamondRock's preferred shares offer good value for money, with a yield to call of approximately 7.1%.
Introduction
I have been following DiamondRock Hospitality Company ( DRH ) for quite a while now, as I like how this REIT is managed. DiamondRock owns a portfolio of 36 hotels and resorts in the US, and its assets are definitely in the premium segment....
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DiamondRock Hospitality: Preferred Stock Offers A 7.1% Yield-To-Call For 18 Months