RLJ Lodging Trust (RLJ) Tops Q3 FFO by 1c
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RLJ Lodging Trust Reports Third Quarter 2015 Results
November 4, 2015 4:45 PM EST- Acquired three hotels for $175.9 million
- Repurchased 5.0 million shares for $140.1 million (7.0 million shares repurchased year-to-date)
- Board approves an incremental $200.0 million for share repurchase program
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three and nine months ended September 30, 2015.
Highlights
Pro forma RevPAR increased 2.9%, Pro forma ADR increased 5.2%, and Pro forma Occupancy decreased 2.2% Achieved Pro forma Hotel EBITDA Margin of 37.1% Pro forma... More