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RLJ Lodging Trust (RLJ)
NYSE:RLJ
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.02Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial positives—outperformance versus expectations, meaningful non-room revenue growth (+7.2% Q4), strong conversion/renovation returns (recent conversions +15% RevPAR), robust liquidity and proactive refinancing, and active capital returns—while acknowledging near‑term demand headwinds from a government shutdown, modest Q4 RevPAR contraction (-1.5%), group softness, and manageable cost and interest pressures. Management provided constructive 2026 guidance (RevPAR +0.5%–3%) and positioned the portfolio to benefit from urban market tailwinds and special events, indicating stronger confidence in the outlook despite short-term noise.Company Guidance
Quarter Results Ahead of Expectations
Q4 comparable hotel EBITDA of $87.8M, adjusted EBITDA of $80.4M, and adjusted FFO per diluted share of $0.32; results came in ahead of guidance despite a choppy operating environment.
Top-Line Metrics (Q4)
Q4 occupancy 68.7%, ADR $199, RevPAR $137, representing a RevPAR contraction of 1.5% versus prior year (comprised of occupancy down 0.9% and ADR down 0.7%).
Strong Non-Room Revenue Performance
Non-room revenues grew 7.2% in Q4, outperforming RevPAR by nearly 900 basis points and contributing to total revenue growth of 0.2% for the quarter; company expects total revenue to outpace RevPAR in 2026 by ~50 bps.
Urban Market Outperformance
Urban markets drove performance with notable RevPAR growth in San Francisco CBD +52% (Q4), Northern California +18.5%, Denver CBD +10.1%, and New York +4.7%.
Conversion & Renovation Ramp
Four most recent conversions achieved 15% RevPAR growth for the full year; conversions on average outperformed the broader portfolio by nearly 700 basis points; completed high-impact renovations in Waikiki and Deerfield Beach delivered December RevPAR growth of +12% and +10%, respectively.
Balance Sheet Strength & Liquidity
Addressed near‑term maturities and completed refinancing package: revolver maturity extended to 2031, term loans upsized/added, mortgage refinancing; no maturities before 2029 post transactions; >$1.0B liquidity, $600M undrawn revolver, 84 of 92 hotels unencumbered, weighted average interest rate 4.673%, and ~73% of debt fixed or hedged.
Disciplined Capital Allocation & Shareholder Returns
Returned $120M to shareholders in 2025 via buybacks and dividend; repurchased 300,000 shares for $28.6M; continue to pay a quarterly dividend of $0.15 per share.
Attractive Asset Recycling
Sold properties (three reported) for $73.7M aggregate at an accretive multiple of 17.7x projected 2025 hotel EBITDA (including required CapEx), recycling proceeds into paydown, refinancing and share repurchases.
2026 Guidance
Full-year 2026 guidance at midpoint assumes: comparable RevPAR growth 0.5%–3% (midpoint balanced between rate and occupancy), comparable hotel EBITDA $344M–$374M, corporate adjusted EBITDA $312M–$342M, adjusted FFO per diluted share $1.21–$1.41, CapEx $80M–$90M, and net interest expense $101M–$103M.
F&B & Margin Improvements
Full-year F&B margin improvement of ~120 basis points driven by beverage-centric ROI initiatives, renovated outlets and increased group spend.
RLJ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RLJ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $8.29 | $8.02 | -3.26% |
Nov 05, 2025 | $6.86 | $6.86 | 0.00% |
Aug 07, 2025 | $7.22 | $6.81 | -5.68% |
May 05, 2025 | $6.97 | $6.75 | -3.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does RLJ Lodging Trust (RLJ) report earnings?
RLJ Lodging Trust (RLJ) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is RLJ Lodging Trust (RLJ) earnings time?
RLJ Lodging Trust (RLJ) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RLJ EPS forecast?
RLJ EPS forecast for the fiscal quarter 2026 (Q1) is -0.06.