RLJ Lodging Trust Reports Third Quarter 2018 Results

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RLJ Lodging Trust (RLJ) Tops Q3 EPS by 18c, Revenues Miss

November 6, 2018 4:41 PM EST

RLJ Lodging Trust (NYSE: RLJ) reported Q3 EPS of $0.39, $0.18 better than the analyst estimate of $0.21. Revenue for the quarter came in at $447.04 million versus the consensus estimate of $451 million.

Sold Vinoy Renaissance for total consideration of $188.5 million, representing 19.6x TTM EBITDASold Embassy Suites Napa Valley for $102.0 million, equating to 14.6x TTM... More