How did XHR's Q1 2024 EPS outperform forecasts?

Xenia Hotels & Resorts Inc (XHR) exceeded EPS expectations in Q1 2024, achieving an EPS of $0.44, compared to the estimated $0.38. This outperformance can be attributed to several key factors:

1. **Revenue Outperformance**: Total revenue for the quarter was $267.49 million, surpassing the estimated $258.43 million. This indicates that the company generated more revenue than anticipated, which contributed to the positive EPS surprise.
2. **Cost Management**: The company's adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was recorded at $65.3 million, which, although representing a decrease of 8.5% year-over-year, still suggests efficient management of costs and expenses relative to revenue.
3. **Same-Property RevPAR**: The Same-Property RevPAR (Revenue Per Available Room) decreased by..., but this metric alone does not necessarily affect the overall revenue or EPS if other revenue streams or cost controls offset the decline.

In summary, XHR's Q1 2024 EPS outperformance can be attributed to strong revenue exceeding expectations and effective cost management.