RLJ Q1 2022 Earnings Report
Key Takeaways
RLJ Lodging Trust reported strong first-quarter results, exceeding expectations due to accelerating demand in urban markets. The company made significant progress on internal growth catalysts, strengthened its balance sheet by repaying the remaining balance on its line of credit, and amended its credit facility to allow for share repurchases.
Pro forma RevPAR of $107.39 for Q1, representing 74% of 2019 levels, improving 5% from Q4 2021.
Total revenue of $242.9 million.
Adjusted EBITDA of $54.6 million.
Amended corporate credit facilities to allow for share repurchases during covenant waiver period.
RLJ
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RLJ Revenue by Segment
Forward Guidance
The company expects positive momentum from the first quarter to continue into the second quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income