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Sep 30, 2021
RLJ Q3 2021 Earnings Report
Reported third quarter results, highlighted by strategic acquisitions and debt refinancing.
Key Takeaways
RLJ Lodging Trust reported improved lodging recovery in Q3 2021, driven by leisure demand and increased business transient and group demand. The company achieved positive corporate cash flow and continued to enhance its balance sheet through strategic acquisitions and debt refinancing.
Total revenue reached $233.8 million.
Net loss was $151.8 million, or $0.94 per share.
Pro forma Hotel EBITDA amounted to $67.4 million.
Adjusted EBITDA stood at $60.1 million.
RLJ
RLJ
Forward Guidance
Given the continued uncertainties related to the pandemic and its impact on travel, the Company is unable to provide a future outlook at this time.