RLJ Lodging Trust (RLJ) Misses Q3 FFO by 1c

November 2, 2016 5:48 PM EDT
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Price: $24.02 +0.50%

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RLJ Lodging Trust (NYSE: RLJ) reported Q3 FFO of $0.69, $0.01 worse than the analyst estimate of $0.70.

2016 Outlook

The Company’s outlook has been updated. The updated outlook excludes potential future acquisitions and dispositions, which could result in a material change to the Company’s outlook. The 2016 outlook is also based on a number of other assumptions, many of which are outside the Company’s control and all of which are subject to change.

Pro forma operating statistics include results for periods prior to the Company's ownership and therefore assumes the hotels were owned since January 1, 2015. Pro forma guidance removes income from hotels that have been sold.

For the full year 2016, the Company anticipates:

Current Outlook Prior Outlook
Pro forma RevPAR growth (1) 0.0% to 1.0% 1.5% to 2.5%
Pro forma Hotel EBITDA Margin (1)

35.5% to 36.0%

36.5% to 37.0%
Pro forma Consolidated Hotel EBITDA

$407.0M to $413.0M

$415.0M to $425.0M
Corporate Cash General & Administrative

$26.0M to $27.0M

$27.5M to $28.5M

For earnings history and earnings-related data on RLJ Lodging Trust (RLJ) click here.

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