secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001511337-24-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RLJ Lodging Trust Q1 revenue up 3.1% to $324M; net income down 55% to $4.7M
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- Comparable RevPAR $137.88, up 1.0% YoY; ADR flat, occupancy up 1.2%.
- Acquired 304-room Wyndham Boston Beacon Hill for $125M funded with cash.
- Adjusted FFO per diluted share $0.33 vs $0.35 prior year; Q2 RevPAR expected below mid-point due to soft April.
- Reaffirmed FY24 outlook: RevPAR growth 2.5%-5.5%, Adj EBITDA $360M-$390M, Adj FFO $1.55-$1.75/share.
- Total liquidity $1.0B; extended $181M mortgage loans to April 2025, drew $200M revolver to pay maturing debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000151133724000010/0001511337-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000151133724000010/rlj-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001511337-24-000010

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