RLJ Lodging Trust (RLJ) Misses Q2 EPS by 4c, Miss on Revenues

RLJ Lodging Trust (NYSE: RLJ) reported Q2 EPS of $0.34, $0.04 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $292.28 million versus the consensus estimate of $294.71 million.

2017 Outlook

The Company’s outlook has been updated to reflect a more cautionary outlook for the second half of the year. The updated outlook excludes potential future acquisitions and dispositions, which could result in a material change to the Company’s outlook. The 2017 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 guidance removes income from hotels that have been sold. During the six months ended June 30, 2017, the Company did not acquire or sell any hotels.

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

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