secwatch.observer — SEC 8-K summary
======================================

Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001511337-23-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000151133723000019/0001511337-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000151133723000019/rlj-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001511337-23-000019

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