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Dec 31, 2024
RLJ Q4 2024 Earnings Report
RLJ Lodging Trust reported its fourth quarter and full year 2024 results, with increases in RevPAR, total revenues, and Adjusted EBITDA for the quarter.
Key Takeaways
RLJ Lodging Trust achieved strong fourth-quarter results, with comparable RevPAR increasing by 2.2% and total revenues by 3.2%. The company also reported a 2.4% increase in Adjusted EBITDA and repurchased 2.3 million shares of common stock for $22.0 million in 2024. The urban-centric portfolio showed positive momentum, driven by growth across all demand segments and successful conversions.
Comparable RevPAR increased by 2.2% to $137.53 in Q4 2024.
Total Revenues grew by 3.2% to $330.0 million in Q4 2024.
Adjusted EBITDA increased by 2.4% to $81.1 million in Q4 2024.
The company repurchased 0.3 million common shares for $3.0 million in Q4 2024.
RLJ
RLJ
RLJ Revenue by Segment
Revenue by Segment
Room Revenue
CapyFin.comFood and Beverage Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
For the full year 2025, RLJ Lodging Trust anticipates comparable RevPAR growth between 1.0% and 3.0%, Adjusted EBITDA between $345.0 million and $375.0 million, and Adjusted FFO per diluted share between $1.46 and $1.66.
Positive Outlook
- Anticipated comparable RevPAR growth of 1.0% to 3.0% for FY 2025.
- Projected Adjusted EBITDA between $345.0 million and $375.0 million for FY 2025.
- Expected Adjusted FFO per diluted share between $1.46 and $1.66 for FY 2025.
- Cash corporate G&A projected to be in a manageable range of $34.0 million to $35.0 million.
- Capital expenditures related to renovations are planned between $80.0 million and $100.0 million, indicating investment in portfolio quality.
Challenges Ahead
- Net interest expense is projected to be between $94.0 million and $96.0 million, which is a significant expense.
- Potential future acquisitions, dispositions, financings, or share repurchases are not incorporated into the outlook and could materially change the Company's outlook.
- The outlook does not account for unforeseen market shifts or economic downturns.
- The diluted weighted-average common shares and units are expected to be 152.5 million, which could impact per-share metrics.
- The guidance is based on current conditions and may be subject to change.