RLJ Lodging Trust (RLJ) Q3 2024 Earnings Call Highlights: Strong RevPAR Growth and Strategic ... [Yahoo! Finance]
RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value (RLJ)
Last rlj lodging trust common shares of beneficial interest $0.01 par value earnings: 2/25 04:30 pm
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Source: Yahoo! Finance
Average Daily Rate (ADR): RevPAR: Business Transient RevPAR Growth: 8.7% above 2023, with ADR growth of 5% and occupancy growth of 3%. Group Revenue Growth: 3.4%, with a 1.4% increase in demand and a 1.9% increase in ADR. Leisure Revenue Growth: 2%, driven by a 4% increase in demand and a 2% decline in ADR. Non-Room Revenue Growth: 7.3%, contributing to total revenue growth of 3%. Hotel EBITDA: $100.7 million, representing 2.6% growth above 2023. Hotel EBITDA Margins: Adjusted EBITDA: $91.9 million for the third quarter. Adjusted FFO per Diluted Share: Weighted Average Interest Rate: Liquidity: Approximately $885 million at the end of the third quarter. Debt: $2.2 billion, with 74% either fixed or hedged. Share Repurchases: 2.2 million shares repurchased for $20.7 million year-to-date. Quarterly Dividend Increase: 50%, with a new dividend of $0.15 per share. 2024 RevPAR Growth Guidance: Expected to range between 1% and 2.5%. 2024 Hotel EBITDA Guidance:
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RLJ
News
- RLJ Lodging Trust Announces Dividends for Fourth Quarter of 2024Business Wire
- RLJ Lodging Trust (NYSE: RLJ) had its price target raised by analysts at Wells Fargo & Company from $10.00 to $10.50. They now have an "underweight" rating on the stock.MarketBeat
- RLJ Lodging Trust (NYSE: RLJ) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- RLJ Lodging Trust (NYSE: RLJ) had its price target raised by analysts at Oppenheimer Holdings Inc. from $11.00 to $12.00. They now have an "outperform" rating on the stock.MarketBeat
- RLJ Lodging (RLJ) Surpasses Q3 FFO and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
RLJ
Earnings
- 11/6/24 - Beat
RLJ
Sec Filings
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 10/18/24 - Form SC
- RLJ's page on the SEC website