RLJ Q3 2023 Earnings Report
Key Takeaways
RLJ Lodging Trust reported Q3 2023 results with a 3.4% increase in comparable RevPAR, led by urban markets. The company continued share repurchases and increased its dividend by 25%.
Portfolio Comparable RevPAR increased by 3.4% year-over-year, reaching $141.81, driven by both Occupancy and ADR growth.
Total revenue reached $334.4 million.
Net income per diluted share attributable to common shareholders was $0.06.
The company repurchased 1.5 million common shares for approximately $14.4 million.
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RLJ Revenue by Segment
Forward Guidance
RLJ Lodging Trust's Q4 2023 outlook anticipates comparable RevPAR of $129.50 to $134.50, Comparable Hotel EBITDA of $82.0M to $92.0M, Adjusted EBITDA of $73.0M to $83.0M, and Adjusted FFO per diluted share of $0.30 to $0.36.
Revenue & Expenses
Visualization of income flow from segment revenue to net income