Diamondrock Hospitality Co
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States. Its portfolio is concentrated in gateway cities and destination resort locations. It conducts its business through an umbrella partnership REIT (UPREIT) in, which its hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Company is the general partner of its operating partnership and owns, either directly or indirectly, all of the limited partnership units of its operating partnership. The Company leases all of its domestic hotels to taxable REIT subsidiary, Bloodstone TRS, Inc. (TRS) lessees.


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Li Auto's stock rockets again, after first earnings report beats revenue expectations

7:32 am ET November 13, 2020 (MarketWatch)

Shares of Li Auto Inc. (LI) soared 29.3% toward another record Friday, after the China-based electric vehicle maker reported its first quarterly results since going public, in which it reported a wider-than-expected net loss while revenue that beat forecasts, as deliveries continued to rise. The net loss narrowed to RMB320.7 million ($47.2 million), or RMB0.52 a share, from a loss of RMB345.2 million, or RMB2.71 in the sequential second quarter. The FactSet consensus was for a per-share loss of RMB0.38. Revenue rose 28.9% from the second quarter to RMB2.51 billion ($369.8 million), above the FactSet consensus of RMB2.42 billion. Gross margin improved to 19.8% from 13.3%. Deliveries grew 31.1% quarter-over-quarter to 8,660, after growth of 128.0% to 6,604 in the second quarter. For the fourth quarter, Li Auto expects to deliver 11,000 to 12,000 vehicles. The stock had soared 27.3% on Thursday ahead of the results (http://www.marketwatch.com/story/li-autos-stock-soars-toward-a-record-ahead-of-first-earnings-report-2020-11-12), following upbeat results from fellow China-based EV maker XPeng Inc. (XPEV). XPeng's stock rallied 10.2% in premarket trading Friday and shares of Nio Inc. (NIO), which is scheduled to report results on Nov. 17, climbed 6.7%. The rally comes as iShares MSCI China ETF (MCHI) climbs 1.3% ahead of the open and futures for the S&P 500 gains 0.7%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 13, 2020 07:32 ET (12:32 GMT)

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