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Sep 30, 2022
RLJ Q3 2022 Earnings Report
Reported strong Q3 2022 results driven by group production and recovery in business transient, with completed transformative conversions and strategic capital allocation moves.
Key Takeaways
RLJ Lodging Trust reported strong third-quarter results, exceeding expectations with a pro forma RevPAR of $137.09, representing 94.5% of 2019 levels. The company completed hotel conversions, addressed 2023 maturities, and actively repurchased shares, positioning itself for future growth.
Pro forma RevPAR reached $137.09, 94.5% of 2019 levels.
Total revenue was $318.1 million.
Net income attributable to common shareholders was $11.3 million, or $0.07 per share.
Pro forma Hotel EBITDA totaled $100.0 million.
RLJ
RLJ
Forward Guidance
Given continued uncertainties the Company is unable to provide a future outlook at this time.