NYSE$RLJ
RLJ Lodging Trust · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
RLJ reported second quarter results, with RevPAR increasing and dividends rising.
RLJ Lodging Trust reported a positive second quarter, achieving RevPAR growth ahead of the industry, driven by strength in urban markets and strategic portfolio enhancements. The company also increased its quarterly dividend and continued share repurchases, demonstrating a strong balance sheet.
- Portfolio Comparable RevPAR increased by 4.5% year-over-year to $152.89.
- Total revenue reached $357.0 million.
- Net income was reported at $41.7 million.
- The company announced a 25% increase in quarterly dividends.
Headline financials
Revenue & EPS history
RLJ · Revenue · Quarterly
$357M
Revenue by segment
RLJ · $357M total across 3 segments · Q2 2023
- Room Revenue$295M+5.3%82.8%
- Food and Beverage Revenue$38.1M+22.4%10.7%
- Other Revenue$23.3M+25.0%6.5%
Forward guidance
RLJ Lodging Trust provided its outlook for Q3 2023, anticipating Comparable RevPAR between $137.00 and $143.00, Comparable Hotel EBITDA between $94.0M and $104.0M, Adjusted EBITDA between $85.0M and $95.0M, and Adjusted FFO per diluted share between $0.37 and $0.44.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-0.5%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.0%
Avg return
30 days after
42%
25 / 60 earnings
Positive
+11.1%
Q2 2020
Best reaction
-13.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | +7.8% | +22.7% | |
| Q4 2025 | -3.5% | -1.8% | -9.8% | |
| Q3 2025 | +0.1% | +6.3% | +6.7% | |
| Q1 2025 | -3.3% | +1.5% | -0.7% | |
| Q4 2024 | +1.2% | +2.4% | -12.6% | |
| Q3 2024 | +6.7% | +10.3% | +17.3% | |
| Q2 2024 | -2.3% | -3.7% | +0.6% | |
| Q1 2024 | -2.7% | -2.7% | -9.3% | |
| Q4 2023 | -3.2% | +2.7% | -1.0% | |
| Q3 2023 | +5.4% | +8.6% | +16.4% | |
| Q2 2023 | -2.5% | -0.5% | -0.6% | |
| Q1 2023 | +6.0% | +7.1% | +7.8% | |
| Q4 2022 | -1.0% | +0.4% | -12.3% | |
| Q3 2022 | -6.9% | -8.0% | -1.8% | |
| Q2 2022 | +0.6% | +2.7% | -4.3% | |
| Q1 2022 | -3.5% | -9.2% | +1.3% | |
| Q4 2021 | -1.5% | -3.8% | -4.8% | |
| Q3 2021 | -2.5% | -5.0% | -21.7% | |
| Q2 2021 | +6.5% | +4.3% | +5.3% | |
| Q1 2021 | -3.2% | -3.3% | -2.8% | |
| Q4 2020 | -1.0% | -4.2% | -2.5% | |
| Q3 2020 | -4.0% | +27.9% | +57.2% | |
| Q2 2020 | +11.1% | +19.2% | +19.1% | |
| Q1 2020 | -13.4% | -3.3% | +17.3% | |
| Q4 2019 | -9.4% | -15.3% | -45.4% | |
| Q3 2019 | -2.0% | -3.7% | -0.9% | |
| Q2 2019 | +2.7% | -1.7% | +0.6% | |
| Q1 2019 | +0.8% | +0.4% | -2.1% | |
| Q4 2018 | -1.9% | +0.2% | -5.9% | |
| Q3 2018 | +2.0% | +2.0% | +1.8% | |
| Q2 2018 | -3.1% | -4.4% | -0.3% | |
| Q1 2018 | +3.6% | +3.1% | +7.7% | |
| Q4 2017 | -5.3% | -6.8% | -7.1% | |
| Q3 2017 | -2.1% | -3.2% | -0.8% | |
| Q2 2017 | -0.3% | -2.4% | -3.0% | |
| Q1 2017 | -5.3% | -8.9% | -4.2% | |
| Q4 2016 | -2.2% | -1.3% | -5.0% | |
| Q3 2016 | -1.0% | +2.1% | +16.4% | |
| Q2 2016 | -1.2% | +2.0% | -1.0% | |
| Q1 2016 | -1.1% | — | — | |
| Q4 2015 | +4.7% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | -3.4% | — | — | |
| Q1 2015 | +2.6% | — | — | |
| Q4 2014 | -0.5% | — | — | |
| Q3 2014 | +0.5% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q1 2014 | +2.4% | — | — | |
| Q4 2013 | -0.8% | — | — | |
| Q3 2013 | -3.7% | — | — | |
| Q2 2013 | +0.2% | — | — | |
| Q1 2013 | -1.0% | — | — | |
| Q4 2012 | +2.3% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | -0.3% | — | — | |
| Q1 2012 | +2.8% | — | — | |
| Q4 2011 | +2.5% | — | — | |
| Q3 2011 | +6.6% | — | — | |
| Q2 2011 | +2.4% | — | — | |
| Q1 2011 | -2.1% | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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