RLJ Lodging Trust (RLJ) Tops Q4 EPS by 10c, Revenues Beat

RLJ Lodging Trust (NYSE: RLJ) reported Q4 EPS of $0.17, $0.10 better than the analyst estimate of $0.07. Revenue for the quarter came in at $347.1 million versus the consensus estimate of $341.43 million.

Fourth Quarter Highlights

• Pro forma RevPAR decrease of 0.5%
• Pro forma Hotel EBITDA Margin of 30.0%
• Net income of $34.9 million
• Adjusted EBITDA of $96.3 million
• Adjusted FFO per diluted common share and unit of $0.41
• Repurchased 0.7 million common shares for approximately $12.2 million

“2019 was a transformational year for RLJ as we successfully executed on our strategic plan to reshape our portfolio, enhance operating metrics, and improve our growth profile,” commented Leslie D. Hale, President and Chief Executive Officer. “As we enter 2020, our portfolio is uniquely positioned with tangible catalysts despite choppy fundamentals. We have a fortress balance sheet, which enables us to be nimble, and significant investment capacity, which allows us to pursue multiple value creation opportunities in both the near and long-term. RLJ is well positioned to create value in all phases of the lodging cycle.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
• RLJ Lodging Trust (RLJ) PT Raised to $12 at Compass Point