earnings
confidence high
sentiment neutral
materiality 0.65
RLJ Lodging Trust Q1 net loss $21.5M, RevPAR 74% of 2019; authorizes $250M buyback
RLJ Lodging Trust
2022-Q1 EPS reported
-$0.13
revenue$242,899,000
- Net loss attributable to common shareholders $21.5M ($0.13 per share); total revenue $242.9M, more than double YoY.
- Pro forma RevPAR $107.39 (74% of 2019); March RevPAR reached 84% of 2019 levels.
- Adjusted EBITDA $54.6M, Adjusted FFO per share $0.14; liquidity ~$1.1B including $479M cash.
- Board authorized $250M share repurchase program; repaid $200M revolver balance; amended credit facility for buybacks.
- Sold two Denver hotels for ~$50M at ~13.4x 2019 hotel EBITDA; no debt maturities until 2023.