Quarterly ResultMay 4, 2026, 09:22 AM
RLJ Lodging Trust Q1 Adjusted FFO/Share $0.33, up 6.5%
AI Summary
RLJ Lodging Trust reported strong first-quarter 2026 results, exceeding expectations with comparable RevPAR increasing 4.8% and Adjusted FFO per diluted common share and unit rising 6.5% to $0.33. The company also achieved a 4.2% increase in Adjusted EBITDA and expanded Comparable Hotel EBITDA Margin by 45 basis points. Additionally, RLJ Lodging Trust successfully refinanced all debt maturities until 2029, approved a $250.0 million share repurchase program, and raised its full-year 2026 outlook.
Key Highlights
- Comparable RevPAR increased 4.8% to $148.55 for Q1 2026.
- Adjusted FFO per diluted common share and unit increased 6.5% to $0.33.
- Adjusted EBITDA grew 4.2% to $80.9 million.
- Comparable Hotel EBITDA Margin expanded by 45 bps to 26.4%.
- Net loss for Q1 2026 was $0.3 million, compared to net income of $3.2 million in Q1 2025.
- The company refinanced all debt maturities until 2029.
- Board approved a $250.0 million share repurchase program effective May 9, 2026.
- Full-year 2026 Adjusted FFO per diluted share outlook raised to $1.29 to $1.45.