RLJ Lodging Trust Reports Second Quarter 2020 Results and Provides Business Update

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Go back to RLJ Lodging Trust Reports Second Quarter 2020 Results and Provides Business Update

RLJ Lodging Trust (RLJ) Misses Q2 EPS by 3c, Revenues Miss

August 6, 2020 5:36 PM EDT

RLJ Lodging Trust (NYSE: RLJ) reported Q2 EPS of ($0.74), $0.03 worse than the analyst estimate of ($0.71). Revenue for the quarter came in at $32.6 million versus the consensus estimate of $76.56 million.

Highlights

Reopened 21 hotels during the second quarter and 15 hotels during the third quarterSuccessfully amended unsecured revolver and term loans to waive certain financial covenantsMaintained a strong balance sheet with over $1.0 billion of... More