secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001511337-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000151133723000011/0001511337-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000151133723000011/rlj-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001511337-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer