RLJ Lodging Trust (RLJ) Misses Q3 FFO by 1c

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RLJ Lodging Trust Reports Third Quarter 2016 Results

November 2, 2016 5:03 PM EDT

- Net income of $41.4 million

- Pro forma Hotel EBITDA Margin of 35.5%

- Pro forma Consolidated Hotel EBITDA of $105.1 million

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three and nine months ended September 30, 2016.

Highlights

Net income increased 1.1% to $41.4 million Pro forma RevPAR was flat, Pro forma ADR increased 0.2%, and Pro forma Occupancy decreased 0.2%... More