RLJ Lodging Trust (RLJ) Reports In-Line Q2 EPS

RLJ Lodging Trust (NYSE: RLJ) reported Q2 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $295.1 million versus the consensus estimate of $296.11 million.

“We are very pleased with the strong performance of our portfolio. Our EBITDA margin this quarter was a record high for us since our IPO,” commented Thomas J. Baltimore, Jr., President and Chief Executive Officer. “We continue to execute our growth strategy through both organic and external growth. In total, we have acquired more than $550 million of assets this year. As we look forward, we are better positioned than ever to deliver continued growth and value to our shareholders.”

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

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