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Stock impact report

RLJ Lodging Trust Reports First Quarter 2024 Results

RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value (RLJ) 
Last rlj lodging trust common shares of beneficial interest $0.01 par value earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.rljlodgingtrust.com
Company Research Source: Business Wire
Q1 RevPAR increased 1.0% above 2023Adjusted FFO per diluted share of $0.33Expanded conversion pipeline by acquiring Wyndham Boston Beacon Hill BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2024.HighlightsPortfolio Comparable RevPAR of $137.88; an increase of 1.0% from last yearTotal Revenue of $324.4 million; an increase of 3.1% from last yearNet income of $4.7 millionComparable Hotel EBITDA of $88.9 millionAdjusted EBITDA of $79.6 millionAdjusted FFO per diluted common share and unit of $0.33Addressed all 2024 debt maturities“Our first quarter RevPAR growth came in line with our expectations given the holiday shift and we once again exceeded the industry while gaining market share,” commented Leslie D. Hale, President and Chief Executive Officer. “Our outperformance relative to the industry continues to underscore the strong positioning of our urban-centric portfolio which is benefiting fro Show less Read more
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