RLJ Q2 2022 Earnings Report
Key Takeaways
RLJ Lodging Trust reported strong second-quarter results, driven by the performance of urban markets and increased business travel. The company executed capital allocation initiatives, including share repurchases and the acquisition of a boutique lifestyle hotel in Nashville. RLJ Lodging Trust successfully exited covenant waivers and increased the quarterly dividend.
Pro forma RevPAR reached $146.05, representing 92% of 2019 levels and a 36% improvement from Q1.
Net income attributable to common shareholders was $26.7 million, or $0.16 per share.
Pro forma Hotel EBITDA totaled $118.6 million.
Repurchased 4.2 million common shares for $50.0 million and increased the quarterly cash dividend to $0.05 per common share.
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RLJ Revenue by Segment
Forward Guidance
Given continued uncertainties the Company is unable to provide a future outlook at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income