RLJ Lodging Trust Q1 FFO Tops Estimates at $0.33 with $340M Revenue
RLJ•RLJ Lodging Trust reported Q1 funds from operations of $49.5 million, or $0.33 per share, surpassing the $0.27 consensus, while net loss was $6.4 million, or $0.05 per share. Total revenue reached $340 million, above the $319.1 million estimate, and full-year FFO guidance is now set at $1.29 to $1.45 per share.
1. Q1 Financial Highlights
RLJ Lodging Trust generated funds from operations of $49.5 million, or $0.33 per share, outpacing the $0.27 per share consensus, while total revenue was $340 million versus expectations of $319.1 million. This marks an improvement from $0.31 per share FFO and $X revenue in the prior-year period.
2. Net Loss Details
The trust recorded a net loss of $6.4 million, or $0.05 per share, reflecting depreciation and amortization charges and other non-cash items excluded from FFO. Despite strong operational cash flow, these accounting adjustments weighed on GAAP profitability.
3. Full-Year Guidance
RLJ Lodging Trust raised its full-year funds from operations outlook to a range of $1.29 to $1.45 per share, indicating confidence in sustained property performance and occupancy trends through year-end.
