earnings
confidence high
sentiment neutral
materiality 0.75
RLJ Lodging posts Q3 net loss of $151.8M, RevPAR recovery continues; acquires two hotels, issues $500M notes at 4%
RLJ Lodging Trust
2021-Q3 EPS reported
-$1.81
revenue$547,575,000
- Net loss $151.8M ($0.94/share); Adjusted FFO per share $0.17.
- Pro forma RevPAR $98.16 (61.5% occupancy), up from $34.51 in prior year Q3.
- Acquired AC Hotel Boston Downtown ($89M) and Hampton Inn & Suites Atlanta ($58M) in Q3/Q4.
- Issued $500M 4.0% senior notes due 2029 to redeem $475M 6.0% FelCor bonds.
- Recorded $138.9M impairment loss on DoubleTree Hotel Metropolitan NYC.