RLJ Lodging Trust Q3 revenue beats estimates driven by strong business, leisure travel bookings

RLJ Lodging Trust

04/11/2026 21:49

Overview
US hotel REIT's Q3 revenue rose 7.4%, beating analyst expectations
Adjusted FFO per diluted share rose 25.9% year-over-year
Company raised full-year 2026 outlook after Q3 outperformance

Outlook
Company raises full-year 2026 guidance following Q3 outperformance and positive October trends
Company sees FY 2026 comparable RevPAR growth of 5.75% to 6.25%
RLJ Lodging Trust expects FY 2026 comparable hotel EBITDA of $377 mln to $383 mln

Result Drivers
BUSINESS, LEISURE & GROUP DEMAND - Co said increased business travel and continued strength in leisure and group bookings, especially in urban markets, drove RevPAR growth
RENOVATIONS & CONVERSIONS - Co said hotel conversions and renovations contributed to growth in non-room revenues
COST CONTROL - Co said disciplined expense management supported margin expansion and Hotel EBITDA growth

Company press release: ID:nBw5Pnh2Pa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$354.48 mln
$341.41 mln (9 Analysts)
Q3 Net Income
 
$4.58 mln
 
Q3 Comparable Hotel EBITDA
 
$93.86 mln
 
Q3 Adjusted FFO
 
$51.99 mln
 
Q3 Adjusted RevPAR
 
$153.36
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "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 $12.00, about 4.7% below its November 3 closing price of $12.59
The stock recently traded at 137 times the next 12-month earnings vs. a P/E of 4,136 three months ago

Reuters Recommended Reads
Nov 4 - Park Hotels & Resorts Q3 RevPAR rises on group and leisure demand
Nov 3 - DiamondRock Hospitality Q3 net income, adjusted FFO rise
Nov 3 - Summit Hotel Properties Q3 revenue beats estimates on business travel recovery, strong group demand

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.)