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Jun 30, 2023
RLJ Q2 2023 Earnings Report
RLJ reported second quarter results, with RevPAR increasing and dividends rising.
Key Takeaways
RLJ Lodging Trust reported a positive second quarter, achieving RevPAR growth ahead of the industry, driven by strength in urban markets and strategic portfolio enhancements. The company also increased its quarterly dividend and continued share repurchases, demonstrating a strong balance sheet.
Portfolio Comparable RevPAR increased by 4.5% year-over-year to $152.89.
Total revenue reached $357.0 million.
Net income was reported at $41.7 million.
The company announced a 25% increase in quarterly dividends.
RLJ
RLJ
RLJ Revenue by Segment
Revenue by Segment
Room Revenue
CapyFin.comFood and Beverage Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
RLJ Lodging Trust provided its outlook for Q3 2023, anticipating Comparable RevPAR between $137.00 and $143.00, Comparable Hotel EBITDA between $94.0M and $104.0M, Adjusted EBITDA between $85.0M and $95.0M, and Adjusted FFO per diluted share between $0.37 and $0.44.
Revenue & Expenses
Visualization of income flow from segment revenue to net income