RLJ Lodging posts Q2 RevPAR growth of 4.5%, net income $41.7M, dividend up 25%

RLJ Lodging Trust

2023-Q2 EPS reported $0.25 revenue$671,463,000

Portfolio Comparable RevPAR $152.89, up 4.5% YoY; ADR $203.53, occupancy 75.1%.
Total revenue $357M, net income $41.7M ($0.22 diluted EPS), adjusted FFO $0.56 per share.
Dividend raised 25% to $0.10/share (Q3), payable Oct 17; preferred div $0.4875.
Repurchased 2.5M shares for ~$25.5M in Q2; $235M remaining on buyback program.
Q3 outlook: RevPAR $137-$143, Hotel EBITDA $94M-$104M, Adj FFO $0.37-$0.44.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RLJ Lodging Trust reported three and six months ended June 30, 2023 results: revenue $357.0 million, net income $41.7 million, EPS $0.22.

Period: three and six months ended June 30, 2023
Revenue: $357.0 million
Net income: $41.7 million
EPS: $0.22
Result: reported results

Exact text from the filing

Total revenue of $357.0 million • Net income of $41.7 million • Net income per diluted share attributable to common shareholders of $0.22

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

RLJ Lodging Trust filing history →

Source: SEC EDGAR

accession 0001511337-23-000019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.