RLJ Lodging Q4 Revenue Dips 0.4% While EPS Surprises by 15%
RLJ Lodging reported Q4 revenue of $328.59 million, down 0.4% year-over-year, topping estimates by 1.73%. EPS of $0.32 versus -$0.01 last year beat forecasts by 15.32%, while room revenue fell 2.1% and food and beverage revenue rose 5.8%.
1. Q4 Financial Highlights
RLJ Lodging generated $328.59 million in revenue for Q4, marking a 0.4% decline from the prior year and exceeding the $323.02 million consensus by 1.73%. Net income per share was $0.32, reversing a loss of $0.01 a year ago and surpassing the $0.28 estimate by 15.32%.
2. Segment Revenue Breakdown
Room revenue totaled $262.14 million, down 2.1% year-over-year but ahead of the $259.79 million estimate. Other revenue reached $24.56 million, up 8.2% from last year versus estimates of $23.66 million, and food and beverage revenue climbed 5.8% to $41.89 million against a $39.91 million forecast.
3. FFO Performance
Funds from operations stood at $0.32 per share, beating the $0.28 consensus and nearly matching last year’s $0.33. This represents a 15.32% surprise and continues a streak of quarterly FFO beats for the real estate investment trust.
4. Stock Performance and Outlook
RLJ Lodging shares have gained 9.4% over the past month, outperforming the S&P 500. Analyst estimates for the coming quarter project FFO of $0.29 on $326 million in revenue, providing a benchmark for investor expectations.