RLJ Lodging Trust (RLJ) Tops Q2 FFO by 36c
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RLJ Lodging Trust Reports Second Quarter 2016 Results
August 3, 2016 4:49 PM EDT- Net income increased 4.1%
- Pro forma RevPAR increased 1.9%
- Pro forma Hotel EBITDA Margin of 39.2%
- Pro forma Consolidated Hotel EBITDA increased 5.3%
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three and six months ended June 30, 2016.
Highlights
Net income increased 4.1% to $58.7 million Pro forma RevPAR increased 1.9%, Pro forma ADR increased 1.6%, and Pro forma Occupancy increased 0.4% Pro forma Hotel EBITDA Margin of 39.2%... More