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RLJ Lodging: Q1 Earnings Snapshot


RLJ Lodging: Q1 Earnings Snapshot
May 5, 2021
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BETHESDA, Md. (AP) RLJ Lodging Trust (RLJ) on Wednesday reported a loss in funds from operations in its first quarter, after reporting a profit in the same period a year earlier. The results exceeded Wall Street expectations.
The real estate investment trust, based in Bethesda, Maryland, said it had a funds from operations loss of $29.8 million, or 18 cents per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for a funds from operations loss of 26 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. ....

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RLJ Lodging (RLJ) Reports Q1 Loss, Tops Revenue Estimates

RLJ Lodging (RLJ) Reports Q1 Loss, Tops Revenue Estimates
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