RLJ Lodging Trust (NYSE: RLJ) reported Q4 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $399.9 million versus the consensus estimate of $404.3 million.

• Pro forma RevPAR decrease of 3.0%
• Pro forma Hotel EBITDA Margin of 31.2%
• Net income of $27.9 million
• Adjusted EBITDA of $113.8 million
• Adjusted FFO per diluted common share and unit of $0.49
• Repurchased 1.2 million common shares for approximately $21.8 million

“2018 was a transformational year for RLJ as we successfully executed on our strategic initiatives to position the Company for growth in 2019 and beyond,” commented Leslie D. Hale, President and Chief Executive Officer. “During the year, we sold seven hotels at an EBITDA multiple of 16.5x, paid down $635 million in debt, and took meaningful strides to position our portfolio for long-term growth. Additionally, we successfully redeployed the net proceeds from the sale of the Holiday Inn Fisherman's Wharf to repurchase 1.8 million common shares at a significant discount to net asset value. We remain encouraged by our portfolio positioning in 2019 and our team's ability to identify and execute on opportunities to drive shareholder value.”

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