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Dec 31, 2024
RLJ Q4 2024 Earnings Report
Expected Revenue:$325M
+3.6% YoY
Expected EPS:-$0.03
108.8% YoY
Key Takeaways
RLJ Lodging Trust reported a 2.2% increase in comparable RevPAR and a 3.2% increase in total revenues for Q4 2024. Adjusted EBITDA also increased by 2.4%. The company repurchased 0.3 million shares of common stock for $3.0 million during the quarter.
Portfolio Comparable RevPAR increased by 2.2% year-over-year to $137.53.
Total Revenues increased by 3.2% year-over-year to $330.0 million.
Adjusted EBITDA increased by 2.4% year-over-year to $81.1 million.
The company repurchased 0.3 million common shares for $3.0 million at an average price of $9.16 per share.
RLJ
RLJ
Forward Guidance
RLJ Lodging Trust provided its annual outlook for all hotels owned as of February 25, 2025.
Positive Outlook
- Comparable RevPAR Growth of 1.0% to 3.0%
- Comparable Hotel EBITDA of $378.0M to $408.0M
- Adjusted EBITDA of $345.0M to $375.0M
- Adjusted FFO per diluted share of $1.46 to $1.66
Challenges Ahead
- Net interest expense of $94.0 million to $96.0 million
- Cash corporate G&A in the range of $34.0 million to $35.0 million
- Capital expenditures related to renovations in the range of $80.0 million to $100.0 million
- Diluted weighted average common shares and units of 152.5 million