RLJ Lodging Trust Results
RLJ Lodging Trust Reports Third Quarter 2023 Results
Q3 RevPAR increased 3.4% over last year Increased third quarter dividend by 25%
Q3 RevPAR increased 3.4% over last year Increased third quarter dividend by 25%
Announces 60% increase in quarterly dividend to $0.08 per common share
Pro forma RevPAR of $137.09 for Q3, representing 94.5% of 2019 levels, an improvement from Q2 2022 RevPAR as percentage of 2019
RLJ Lodging Trust Reports Fourth Quarter and Full Year 2021 Results
Total portfolio generated positive Hotel EBITDA each month during the first quarter - Monthly cash burn below low end of guidance - Open hotel occupancy of 46.4%
Full Year Highlights - Total revenue of $473.1 million - Pro forma RevPAR decrease of (66.8%) - Net loss of ($408.8) million
Ample liquidity with approximately $1.2 billion of cash on hand - Operations currently suspended at 57 hotels
Pro forma RevPAR increased 1.3%, driven by a Pro forma ADR increase of 2.0%
Adjusted EBITDA increased 22.4% to $132.7 million