RLJ Lodging Trust (RLJ) Tops Q1 EPS by 30c

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Go back to RLJ Lodging Trust (RLJ) Tops Q1 EPS by 30c

RLJ Lodging Trust Reports First Quarter 2022 Results

May 4, 2022 4:30 PM EDT

- March RevPAR achieved ~84% of 2019

- Adjusted EBITDA of $54.6 million and Adjusted FFO per share of $0.14

- Amended corporate credit facilities to allow for share repurchases

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three months ended March 31, 2022.

Highlights

Pro forma RevPAR of $107.39 for Q1, representing 74% of 2019 levels, improving 5% from Q4 2021 Total revenue of $242.9... More