RLJ Lodging Trust Q2 net income $26.7M; RevPAR reaches 92% of 2019 levels

RLJ Lodging Trust

2022-Q2 EPS reported $0.03 revenue$573,400,000

Pro forma RevPAR $146.05 (92% of 2019), up 71% YoY; total revenue $330.5M.
Adjusted FFO per share $0.49; net income attributable to common shareholders $26.7M.
Acquired Nashville boutique hotel for $59M; repurchased 4.2M shares for $50M.
Quarterly dividend increased to $0.05 per common share from $0.01.
Exited covenant waivers; liquidity ~$1.1B including $511.5M cash.

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