secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001511337-24-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RLJ Lodging Trust Q2 RevPAR +2.6%; raises dividend to $0.15; acquires Hotel Teatro
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- Q2 RevPAR $157.30 (+2.6% YoY); total revenue $369.3M (+3.5%); net income $37.3M.
- Adjusted FFO per diluted share $0.51 (down from $0.56 YoY); Adjusted EBITDA $109.0M.
- Acquired 110-room Hotel Teatro in Denver for $35.5M; expected 10% stabilized yield.
- Board increased quarterly common dividend to $0.15 from $0.10 (50% increase), payable Oct 15, 2024.
- FY 2024 outlook: Comparable RevPAR growth 1.0-2.5%; adj. FFO per share $1.45-$1.58.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000151133724000022/0001511337-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000151133724000022/rlj-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001511337-24-000022

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