From Financial Modeling Prep: 2024-11-08 03:06:51

RLJ Lodging Trust (NYSE:RLJ) exceeded expectations with an EPS of $0.40, beating the estimated $0.35, showing a 14.29% surprise. The company’s revenue hit around $345.7 million, surpassing the estimated $343.1 million by 0.74%, showcasing strong financial performance and growth prospects.

RLJ Lodging Trust is a real estate investment trust that focuses on acquiring premium-branded hotels in urban and suburban areas, competing with other hotel REITs. On November 7, 2024, RLJ reported earnings per share of $0.40, aligning with its funds from operations and exceeding expectations by 14.29%.

In addition to exceeding revenue estimates, RLJ saw Portfolio Comparable RevPAR and Comparable Hotel Revenue increase. Net Income reached $20.6 million, with Comparable Hotel EBITDA rising to $100.7 million. Adjusted EBITDA also grew, reflecting operational efficiency and profitability for the company.

RLJ’s financial health is further solidified by strategic moves like share repurchases and a new $500 million term loan. They also raised their quarterly dividend by 50%, demonstrating confidence in their financial stability and future growth potential.



Read more at Financial Modeling Prep:: RLJ Lodging Trust (NYSE:RLJ) Surpasses Earnings an…