secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001511337-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000151133724000030/0001511337-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000151133724000030/rlj-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001511337-24-000030

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