RLJ Lodging Trust Q3 RevPAR up 3.4% to $141.81; dividend increased 25%; Q4 guidance issued

RLJ Lodging Trust

2023-Q3 EPS reported $0.31 revenue$1,005,869,000

Total revenue $334.4M; net income $0.06/diluted share; Adj FFO $0.40/shr.
Quarterly common dividend raised 25% to $0.10/shr; paid Oct 16, record Sep 29.
Repurchased 1.5M shares for $14.4M in Q3 avg $9.81; YTD 6.6M shares for $70M.
Q4 2023 outlook: RevPAR $129.50-$134.50; Adj FFO $0.30-$0.36/shr.
Comparable Hotel EBITDA $98.1M; Adjusted EBITDA $88.8M.

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 quarter ended September 30, 2023 results: revenue $334.4 million, net income $0.06 per diluted share, EPS $0.06. Guidance initiated.

Period: quarter ended September 30, 2023
Revenue: $334.4 million
Net income: $0.06 per diluted share
EPS: $0.06
Guidance: initiated
Result: reported results

Exact text from the filing

Third Quarter Highlights • Portfolio Comparable RevPAR of $141.81; an increase of 3.4% from last year, led by both Occupancy and ADR growth • Total revenue of $334.4 million • Net income per diluted share attributable to common shareholders of $0.06 • Comparable Hotel EBITDA of $98.1 million • Adjusted EBITDA of $88.8 million • Adjusted FFO per diluted common share and unit of $0.40

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Source: SEC EDGAR

accession 0001511337-23-000025

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