RLJ Lodging Trust Reports Third Quarter 2020 Results

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Go back to RLJ Lodging Trust Reports Third Quarter 2020 Results

RLJ Lodging Trust (RLJ) Misses Q3 EPS by 42c, Revenues Miss

November 4, 2020 5:20 PM EST

RLJ Lodging Trust (NYSE: RLJ) reported Q3 EPS of ($1.10), $0.42 worse than the analyst estimate of ($0.68). Revenue for the quarter came in at $83.93 million versus the consensus estimate of $88.19 million.

Highlights

96 hotels now open, representing 93% of the portfolioTotal portfolio achieved 29.3% occupancy and open hotels achieved 37.1% occupancy... More