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Mar 31, 2023
RLJ Q1 2023 Earnings Report
Reported strong first quarter results driven by positive momentum in lodging fundamentals, especially in urban markets.
Key Takeaways
RLJ Lodging Trust reported a strong first quarter in 2023, with total revenue of $314.5 million and net income of $10.5 million. Comparable RevPAR increased by 27.0% compared to Q1 2022, and the company increased its quarterly dividend by 60% to $0.08 per common share. The company also repurchased $40 million of common shares.
Portfolio Comparable RevPAR of $136.45, an increase of 27.0% from Q1 2022.
Total revenue of $314.5 million.
Net income of $10.5 million.
Increased quarterly dividend by 60% to $0.08 per common share.
Forward Guidance
The Company's second quarter 2023 outlook is as follows: Comparable RevPAR $155.00 to $159.00, Comparable Hotel EBITDA $121.0M to $130.0.M, Adjusted EBITDA $112.0M to $121.0M, Adjusted FFO per diluted share $0.51 to $0.57
Historical Earnings Impact
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Avg. Return Before/After Earnings
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