---
schema_version: "secwatch.filing_event.v1"
accession: "0001511337-23-000011"
form_type: "8-K"
ticker: "RLJ"
cik: "0001511337"
company_name: "RLJ Lodging Trust"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:43:01.726313+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RLJ Lodging Q1 RevPAR up 27%, net income $10.5M, dividend raised 60%

## Summary
- Q1 comparable RevPAR $136.45 (+27.0% YoY), occupancy 68.5% vs 61.1%, ADR $199.07 (+13.2%).
- Net income of $10.5M ($0.03 diluted EPS); Adjusted FFO per share $0.35, up from $0.14.
- Total revenue $314.5M; Comparable Hotel EBITDA $90.9M, margin 28.9% vs 26.1%.
- Repurchased 3.9M common shares for ~$40M at avg $10.22; new $250M buyback program approved.
- Q2 2023 outlook: RevPAR $155-$159, Adjusted FFO per share $0.51-$0.57.

## SEC filing metadata
- accession: 0001511337-23-000011
- form_type: 8-K
- ticker: RLJ
- cik: 0001511337
- company_name: RLJ Lodging Trust
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1511337/000151133723000011/0001511337-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1511337/000151133723000011/rlj-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001511337-23-000011
- JSON: https://secwatch.observer/filing/0001511337-23-000011.json
- Plain text: https://secwatch.observer/filing/0001511337-23-000011.txt

## Key facts
- Earnings Releases
  RLJ Lodging Trust reported the three months ended March 31, 2023 results: revenue $314.5 million, net income $10.5 million, EPS $0.03.
  - Period: the three months ended March 31, 2023
  - Revenue: $314.5 million
  - Net income: $10.5 million
  - EPS: $0.03
  - Result: reported results
  source text: RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2023. First Quarter And Year To Date Highlights • Portfolio Comparable RevPAR of $136.45, an increase of 27.0% from Q1 2022 and achieved 95% of the comparable period in 2019 • Total revenue of $314.5 million • Net income of $10.5 million • Net income per diluted share attributable to common shareholders of $0.03 • Comparable Hotel EBITDA of $90.9 million • Adjusted EBITDA of $82.7 million • Adjusted FFO per diluted common share and unit of $0.35
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511337/000151133723000011/0001511337-23-000011-index.htm
- Earnings Releases
  RLJ Lodging Trust updated its Q2 2023 guidance (initiated).
  - Period: Q2 2023
  - Guidance: initiated
  - Result: guidance update
  source text: Based on current trends and assuming no materials disruptions to travel caused by pandemics or worsening macro-economic conditions, the Company's second quarter 2023 is as follows: Q2 2023 Comparable RevPAR $155.00 to $159.00 Comparable Hotel EBITDA $121.0M to $130.0.M Adjusted EBITDA $112.0M to $121.0M Adjusted FFO per diluted share $0.51 to $0.57
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511337/000151133723000011/0001511337-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.