secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001511337-22-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RLJ Lodging Trust Q1 net loss $21.5M, RevPAR 74% of 2019; authorizes $250M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000151133722000013/0001511337-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000151133722000013/rlj-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001511337-22-000013

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