earnings
confidence high
sentiment positive
materiality 0.78
RLJ Lodging Trust Q3 RevPAR at 94.5% of 2019; Adjusted FFO $0.40/share
RLJ Lodging Trust
2022-Q3 EPS reported
$0.10
revenue$891,471,000
- Pro forma RevPAR of $137.09 (94.5% of 2019); total revenue $318.1M; net income to common $11.3M ($0.07/share).
- Adjusted FFO per share $0.40; Adjusted EBITDA $92.0M.
- Completed two hotel conversions (Mills House, Zachari Dunes) now outperforming expectations.
- Addressed 2023 maturities: new $200M term loan (Jan 2028) used to repay $194M of near-term debt.
- Repurchased 0.7M shares for $7.1M in Q4; quarterly dividend raised to $0.05/share.