RLJ Lodging Trust Q2 revenue beats estimates on urban leisure, business travel acceleration

RLJ Lodging Trust

06/08/2026 21:46

Overview
US hotel REIT's Q2 revenue rose 5.5%, beating analyst expectations
Adjusted FFO per share for Q2 increased 8.3% year-over-year
Company raised full-year outlook on continued demand and strong Q2 performance

Outlook
RLJ Lodging Trust raises FY 2026 outlook, citing strong Q2 and continued positive demand trends
Company sees FY 2026 Comparable RevPAR growth of 3.5% to 4.5%
RLJ Lodging Trust expects FY 2026 Adjusted FFO per diluted share of $1.37 to $1.50

Result Drivers
BUSINESS TRAVEL AND URBAN LEISURE - Co said Q2 results were driven by acceleration of business travel and robust urban leisure demand
OUT-OF-ROOM SPEND - Co said results benefitted from continued success in driving out-of-room spend
RENOVATIONS AND CONVERSIONS - Co said successful ramp of recently completed renovations and conversions contributed to results

Company press release: ID:nBw61QRkKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$382.99 mln
$370.11 mln (9 Analysts)
Q2 Net Income
 
$31.33 mln
 
Q2 Comparable Hotel EBITDA
 
$119.51 mln
 
Q2 Adjusted FFO
 
$78.53 mln
 
Q2 Adjusted RevPAR
 
$167.15
 

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 $11.50, about 6.7% below its August 5 closing price of $12.32

Reuters Recommended Reads
Aug 5 - Host Hotels raises annual FFO forecast on strong demand
Aug 6 - Sunstone Hotel Q2 revenue beats on strong leisure demand, lifts 2026 outlook
Aug 5 - Summit Hotel Q2 revenue edges past estimates on higher rates; forecast raised

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.)