RLJ Lodging Trust Reports Second Quarter 2019 Results

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Go back to RLJ Lodging Trust Reports Second Quarter 2019 Results

RLJ Lodging Trust (RLJ) Misses Q2 EPS by 17c, Revenues Miss

August 7, 2019 4:42 PM EDT

RLJ Lodging Trust (NYSE: RLJ) reported Q2 EPS of $0.16, $0.17 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $448.73 million versus the consensus estimate of $450.52 million.

Highlights of Strategic Initiatives

Sold a 21-hotel portfolio (Portfolio 21) in June and under firm contract to sell an 18-hotel... More