RLJ Lodging Trust (RLJ) Tops Q1 EPS by 4c

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Go back to RLJ Lodging Trust (RLJ) Tops Q1 EPS by 4c

RLJ Lodging Trust Reports First Quarter 2023 Results

May 4, 2023 4:30 PM EDT

- Q1 RevPAR increased 27.0% from 2022
- Repurchased $40 million of common shares
- Increased quarterly dividend to $0.08 per common share

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today reported results for the three months ended March 31, 2023.

First Quarter And Year To Date Highlights

Portfolio Comparable RevPAR of $136.45, an increase of 27.0% from Q1 2022 and achieved 95% of the comparable period in 2019 Total revenue of $314.5 million Net income of $10.5... More