RLJ Lodging Trust Reports Third Quarter 2024 Results
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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investor.rljlodgingtrust.com
Company Research
Source: Business Wire
Q3 RevPAR increased 2.0% compared to 2023Redeployed disposition proceeds to repurchase $20.7 million of common sharesEntered into a new $500.0 million term loan BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and nine months ended September 30, 2024.Third Quarter HighlightsPortfolio Comparable RevPAR of $145.23; an increase of 2.0% from last yearComparable Hotel Revenue of $344.7 million; an increase of 3.0% from last yearNet Income of $20.6 millionComparable Hotel EBITDA of $100.7 million, an increase of 2.6% from last yearAdjusted EBITDA of $91.9 million; an increase of 3.6% from last yearAdjusted FFO per diluted common share and unit of $0.40Repurchased 1.6 million shares during the third quarter for approximately $14.8 million at an average price of $9.21Entered into a new $500.0 million term loan, using the proceeds to refinance a $400.0 million term loan due in 2025 and repay $100.0 million of outstanding borr
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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 Trust (RLJ) Q3 2024 Earnings Call Highlights: Strong RevPAR Growth and Strategic ... [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