RLJ Lodging Trust (RLJ) Tops Q4 EPS by 10c, Revenues Beat

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Go back to RLJ Lodging Trust (RLJ) Tops Q4 EPS by 10c, Revenues Beat

RLJ Lodging Trust Reports Fourth Quarter and Full Year 2019 Results

February 25, 2020 4:30 PM EST

- Achieved 2019 RevPAR growth of 0.7%

- Completed sale of approximately $724 million of non-core hotels

- Repurchased 7.2 million shares for approximately $124 million since fourth quarter 2018

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three months and year ended December 31, 2019.

Fourth Quarter Highlights

Pro forma RevPAR decrease of 0.5% Pro forma Hotel EBITDA Margin of 30.0% Net income of $34.9 million Adjusted EBITDA... More