earnings
confidence high
sentiment neutral
materiality 0.65
RLJ Lodging Q4 RevPAR +5.2% to $133.84; Adj FFO $0.34; 2024 RevPAR guidance 2.5-5.5%
RLJ Lodging Trust
2023-FY EPS reported
$0.32
revenue$1,325,577,000
- Q4 diluted EPS $0.01; Adjusted FFO per share $0.34 vs $0.33 prior year.
- Full year 2023 RevPAR $141.24 (+9.0% YoY); Total revenue $1.3B; Adjusted EBITDA $364.5M.
- Acquired Wyndham Boston Beacon Hill for $125M in Q1 2024, funded with cash.
- Repurchased 7.6M shares for $77.2M in 2023; remaining buyback capacity ~$212.7M.
- 2024 guidance: RevPAR growth 2.5-5.5%; Adj EBITDA $360-390M; Adj FFO per share $1.55-1.75.