Real estate investment trust company
- Headquarters: Maryland
- Founder: Robert L. Johnson
- Founded: 2000
- rljlodgingtrust.com
- Div/yield 0.33/6.56
RLJ Lodging Trust beats by $0.05, beats on revs; issues 2018 outlook
- Reports Q4 (Dec) adj funds from operations of $0.57 per share, $0.05 better thanthe Capital IQ Consensus of $0.52; revenues $462.49 mln vs the $442.73 mln Capital IQ Consensus; Adjusted EBITDA increased $47.2 million to $136.2 million.
- 2018 Outlook-- Pro forma RevPAR growth -1% to +1%, Adjusted EBITDA $527.0-562.0 mln. Outlook includes capital expenditures related to renovations and ROI projects in the range of $130 million to $140 million, which the Company anticipates will result in approximately 100 basis points of RevPAR disruption. The outlook also assumes 50 basis points of RevPAR headwinds related to tough comps from last year's hurricane efforts. On the margin front, the outlook assumes 60 to 70 basis points of headwinds from property taxes and insurance increases, partially driven by the impact from Proposition 13 on FelCor's California hotels.