RLJ Lodging Trust (RLJ) Reports Q1 FFO of $0.52
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RLJ Lodging Trust Reports First Quarter 2017 Results
May 8, 2017 5:24 PM EDT- Net income of $21.8 million
- Pro forma Hotel EBITDA Margin of 32.9%
- Pro forma Consolidated Hotel EBITDA of $85.6 million
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three months ended March 31, 2017.
Highlights
Net income decreased 14.1% to $21.8 million Pro forma RevPAR decreased 0.6%, Pro forma ADR increased 0.1%, and Pro forma Occupancy decreased 0.8% Pro forma Hotel EBITDA Margin of 32.9%... More