RLJ Lodging Trust Q3 RevPAR up 2.0%; net income $20.6M; dividend raised 50%

RLJ Lodging Trust

2024-Q3 EPS reported $0.28 revenue$1,039,451,000

Comparable RevPAR $145.23 (+2.0% YoY); Comparable Hotel Revenue $344.7M (+3.0%); Net Income $20.6M.
Adjusted EBITDA $91.9M (+3.6% YoY); Adjusted FFO per share $0.40 (flat YoY).
Repurchased 1.6M shares for $14.8M in Q3; YTD $20.7M at avg $9.28; remaining capacity $229.3M.
Entered new $500M term loan due 2027; refinanced $400M loan due 2025 and repaid $100M revolver.
Quarterly common dividend raised 50% to $0.15/share; full-year 2024 outlook reaffirmed.

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