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RLJ Lodging Trust (RLJ)
:RLJ
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.04Last Year’s EPS
0.01Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 8.70%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong RevPAR growth, successful debt management, and increased dividends. However, challenges such as the impact of weather events and election on future performance, and leisure pricing sensitivity were noted. Despite some challenges, the company's urban-centric portfolio and business transient segment are expected to continue outperforming.Company Guidance
During the RLJ Lodging Trust Q3 2024 earnings call, guidance highlighted several key metrics and strategic initiatives. The company reported a 2% RevPAR growth, double the industry average, driven by a balanced increase in both rate and occupancy. Urban hotels, which constitute over two-thirds of RLJ's portfolio, exhibited a 2.5% RevPAR growth, supported by positive demand across all segments, including nearly 9% revenue growth in the business transient segment. The group segment achieved a 3.4% revenue growth, while leisure revenues grew by 2%. Additionally, RLJ's effective expense management led to flat operating margins and a 2.6% year-over-year EBITDA increase. Regarding capital allocation, RLJ successfully refinanced near-term debt, maintained a low 4.5% average cost of debt, and completed several asset conversions and share repurchases. For 2024, the company reaffirmed guidance with expected RevPAR growth between 1% and 2.5%, hotel EBITDA between $382.5 million and $402.5 million, and adjusted FFO per diluted share ranging from $1.45 to $1.58.Exceeded Industry RevPAR Growth
RevPAR growth of 2% was achieved, which is double the industry average, driven by both rate and occupancy increases.
Successful Debt Refinancing
Successfully refinanced all near-term debt maturities and executed attractive interest rate hedges.
Increase in Quarterly Dividend
The company increased its quarterly dividend by 50%.
Strength in Business Transient Segment
Business transient segment achieved nearly 9% revenue growth over the prior year, driven by ADR and occupancy gains.
Urban-Centric Portfolio Outperformance
Urban hotels achieved 2.5% RevPAR growth, with markets like Boston, Chicago, and Southern California seeing mid to high-single-digit growth.
Strong Non-Room Revenue Growth
Non-room revenue grew by 7.3%, contributing to total revenue growth of 3%.
Positive Group Segment Performance
Group segment achieved 3.4% revenue growth, with strong performance in corporate meetings and citywide volume.
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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
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RLJ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $9.20 | $9.35 | +1.63% |
| Aug 01, 2024 | $8.97 | $8.94 | -0.33% |
| May 01, 2024 | $10.52 | $10.27 | -2.38% |
| Feb 26, 2024 | $11.03 | $10.92 | -1.00% |
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.
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FAQ
When does RLJ Lodging Trust (RLJ) report earnings?
RLJ Lodging Trust (RLJ) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is RLJ Lodging Trust (RLJ) earnings time?
RLJ Lodging Trust (RLJ) earnings time is at Feb 25, 2025, TBA Not 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 2024 (Q4) is -0.04.
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