RLJ Lodging Trust (RLJ) Company Report

In Q3 2025, RLJ experienced a 5.1% decline in REVPAR, with occupancy at 73% and average daily rate at $190, leading to hotel EBITDA of $80.8 million and adjusted FFO per diluted share of $0.27.
The company adjusted its full-year 2025 outlook, now projecting comparable REVPAR growth between -1.9% and -2.6%, comparable hotel EBITDA between $357.5 million and $365.5 million, and adjusted FFO per diluted share between $1.31 and $1.37. This revision is due to October's performance and the impact of the government shutdown.
Urban markets, notably San Francisco CBD with 19.4% REVPAR growth, continued to outperform, and non-room revenues grew by 1.3%. However, the quarter faced headwinds from difficult holiday comparisons, non-repeat hurricane business, and ongoing renovations.
RLJ maintains a strong balance sheet with $1 billion in liquidity and continues to return capital to shareholders through a $0.15 per share quarterly dividend and $28.6 million in share repurchases. The company is also progressing with transformative renovations and conversions, including the Renaissance Pittsburgh and Wyndham Boston Beacon Hill, anticipating significant future value creation.

Nov 6, 2025, 5:00 PM

RLJ Lodging Trust Reports Q3 2025 Results and Updates Full-Year Outlook

RLJ

Earnings

Guidance Update

Share Buyback

RLJ Lodging Trust reported a Net Loss of $3.8 million and Net Loss per share of $0.07 for Q3 2025, with Total Revenues of $330.0 million. Adjusted FFO per diluted common share and unit was $0.27, and Adjusted EBITDA was $72.6 million for the third quarter.
The company's Portfolio Comparable RevPAR decreased by 5.1% to $138.51 in Q3 2025 compared to the prior year.
During Q3 2025, RLJ Lodging Trust repurchased 0.2 million common shares for approximately $1.3 million and declared a quarterly cash dividend of $0.15 per common share.
RLJ Lodging Trust updated its full-year 2025 outlook, projecting Adjusted FFO per diluted share to be between $1.31 and $1.37 and Comparable RevPAR Growth between -2.6% and -1.9%.

Nov 5, 2025, 9:49 PM

RLJ Lodging Trust Reports Third Quarter 2025 Results

RLJ

Earnings

Guidance Update

Share Buyback

RLJ Lodging Trust reported a net loss per share of $0.07 and Adjusted FFO per diluted common share and unit of $0.27 for the third quarter ended September 30, 2025.
Total Revenues for Q3 2025 were $330.0 million, with Comparable RevPAR decreasing by 5.1% to $138.51 over the prior year, influenced by difficult prior year comparisons, softer citywide calendars, and transformative renovations.
During the third quarter, the company repurchased 0.2 million common shares for approximately $1.3 million. As of November 5, 2025, the 2025 share repurchase program had a remaining capacity of $245.7 million.
As of September 30, 2025, the company maintained $1.0 billion in total liquidity, including $375 million of unrestricted cash. The full-year 2025 outlook for Adjusted FFO per diluted share was updated to a range of $1.31 to $1.37.

Nov 5, 2025, 9:30 PM

Earnings Transcripts

Quarterly earnings call transcripts for RLJ Lodging Trust.

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