Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessRLJ Lodging Trust (NYSE:RLJ) Surpasses Earnings and Revenue Estimates

RLJ Lodging Trust (NYSE:RLJ) Surpasses Earnings and Revenue Estimates

Add to Favorite
Added to Favorite


RLJ Lodging Trust (NYSE:RLJ) reported EPS of $0.40, beating the estimated $0.35, and showcased a 14.29% surprise over expected figures.
The company’s revenue reached approximately $345.7 million, surpassing the estimated $343.1 million and marking a 0.74% increase over the Zacks Consensus Estimate.
RLJ’s strategic actions, including repurchasing 1.6 million shares and entering into a new $500 million term loan, highlight its financial health and growth prospects.

RLJ Lodging Trust (NYSE:RLJ) is a real estate investment trust (REIT) that focuses on acquiring premium-branded, focused-service, and compact full-service hotels. The company operates primarily in urban markets and dense suburban areas. RLJ competes with other hotel REITs like Host Hotels & Resorts and Pebblebrook Hotel Trust.

On November 7, 2024, RLJ reported earnings per share (EPS) of $0.40, surpassing the estimated $0.35. This performance aligns with the company’s funds from operations (FFO) of $0.40 per share, which also exceeded the Zacks Consensus Estimate. The result represents a 14.29% surprise over the expected figures, showcasing RLJ’s ability to outperform market expectations.

RLJ’s revenue for the quarter was approximately $345.7 million, exceeding the estimated $343.1 million. This marks a 0.74% increase over the Zacks Consensus Estimate and a rise from the $334.41 million reported in the same quarter the previous year. The company has consistently surpassed consensus revenue estimates in the past four quarters, highlighting its strong financial performance.

The company’s Portfolio Comparable RevPAR increased by 2.0% to $145.23, and Comparable Hotel Revenue rose by 3.0% to $344.7 million. Net Income reached $20.6 million, while Comparable Hotel EBITDA increased by 2.6% to $100.7 million. Adjusted EBITDA grew by 3.6% to $91.9 million, reflecting RLJ’s operational efficiency and profitability.

RLJ’s financial health is further supported by its strategic actions, such as repurchasing 1.6 million shares for approximately $14.8 million and entering into a new $500 million term loan. The company also increased its quarterly common share dividend by 50%, demonstrating confidence in its financial stability and future growth prospects.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Asian Stocks Slip While Chinese Shares Show Resilience Amid Trump’s Tariff Threats

Market Overview Asian stock markets experienced a mixed session as...

Bitcoin Dips to $93K Amid Economic Data and Policy Focus

Market Overview Bitcoin's price has slipped to $93,000, as the...

OpenAI Employees Set to Sell $1.5 Billion in Shares to SoftBank

A Major Stake in Artificial Intelligence OpenAI, the innovative AI...

Fed Members Back Gradual Rate Cuts Amid Economic Uncertainty: A Detailed Analysis

The latest Federal Reserve meeting minutes reveal key insights...