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Stock impact report

RLJ Lodging Trust Reports Second Quarter 2019 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 Check Earnings Report
US:NYSE Investor Relations: investor.rljlodgingtrust.com
Company Research Source: Business Wire
- Disposition of two non-core hotel portfolios for approximately $490 million- Early termination of Wyndham management agreements BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and six months ended June 30, 2019.Highlights of Strategic InitiativesSold a 21-hotel portfolio (“Portfolio 21”) in June and under firm contract to sell an 18-hotel portfolio (“Portfolio 18”) in AugustEntered into agreement to terminate Wyndham management and NOI guarantee agreementsSold Kingston Plantation in Myrtle Beach, SC for approximately $156 million in JuneRefinanced approximately $0.4 billion of debtPro forma RevPAR increased 0.7%, driven by an increase of 0.4% in ADR and 0.3% in OccupancyRepurchased approximately 3.1 million common shares for approximately $54.3 million“We had a very successful quarter, in addition to delivering solid operational results, we made significant progress on our strategic initiatives, including entering Show less Read more
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