RLJ Lodging Trust (RLJ) Tops Q1 EPS by 3c, Revenues Beat; Pro Forma RevPAR Up 1.3%
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RLJ Lodging Trust Reports First Quarter 2019 Results
May 8, 2019 4:30 PM EDT- Pro forma RevPAR increased 1.3%
- Repurchased 0.6 million common shares year-to-date for $10.8 million
- Refinanced approximately $381 million of debt (post quarter-end)
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three months ended March 31, 2019.
Highlights
Pro forma RevPAR increased 1.3%, driven by a Pro forma ADR increase of 2.0% Net income of $28.3 million Pro forma Consolidated Hotel EBITDA... More