RLJ Lodging Trust's Q1 revenue beats on urban performance

RLJ Lodging Trust

04/05/2026 12:40

Overview

U.S. hotel REIT's Q1 revenue rose, beating analyst expectations

Adjusted FFO per share for Q1 increased 6.5% yr/yr to $0.33

Company approved $250 mln share repurchase program, effective May 2026

Outlook

Company raises full-year 2026 outlook after first-quarter outperformance

Company sees FY 2026 comparable RevPAR growth of 1.5% to 3.5%

RLJ Lodging Trust expects FY 2026 adjusted FFO per diluted share of $1.29 to $1.45

Result Drivers

URBAN MARKET PERFORMANCE - Co said strong results in top urban markets helped drive Q1 growth

NON-ROOM REVENUE GROWTH - Co said comparable non-room revenues rose 8.2%, outpacing RevPAR growth

EXPENSE MANAGEMENT - Co said disciplined expense management contributed to hotel EBITDA margin expansion

Company press release: ID:nBw6Cc41Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$339.98 mln
$324.38 mln (7 Analysts)
Q1 EPS
-$0.05
Q1 Net Income
-$349,000
Q1 Adjusted Hotel EBITDA
$89.92 mln
Q1 Adjusted RevPAR
$148.55


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for RLJ Lodging Trust is $8.50, about 2.4% above its May 1 closing price of $8.30

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)