RLJ Lodging Trust Reports First Quarter 2026 Results

Published: 2026-05-06 11:30:46 ET RLJ

Published on 05/06/2026 at 11:30 am EDT

BETHESDA, Md- RLJ Lodging Trust (the 'Company') (NYSE: RLJ) today reported results for the three months ended March 31, 2026.

* Q1 RevPAR increased 4.8%

* Adjusted FFO per diluted common share and unit of $0.33 increased 6.5%

* Adjusted EBITDA of $80.9 million increased 4.2%

* Comparable Hotel EBITDA Margin increased by 45 bps

* Increasing full-year outlook

First Quarter Highlights

Comparable RevPAR of $148.55, an increase of 4.8% over the prior year

Comparable Hotel Revenue of $340.0 million, an increase of 5.4% over the prior year

Net loss of $0.3 million

Comparable Hotel EBITDA of $89.9 million, an increase of 7.2% over the prior year

Comparable Hotel EBITDA Margin of 26.4%, an increase of 45 bps over the prior year

Adjusted EBITDA of $80.9 million

Adjusted FFO per diluted common share and unit of $0.33

Addressed all debt maturities until 2029

'We are pleased with our strong first quarter results, which exceeded our expectations, driven by improving fundamentals, strong performance in a number of our top Urban markets, and the continued ramp of our recently completed, high-impact renovations and conversions. These elements, combined with our success driving non-room revenues and managing expenses, allowed us to grow EBITDA and expand margins,' commented Leslie D. Hale, President and Chief Executive Officer. 'While the evolving geopolitical environment has added a layer of uncertainty, we continue to be encouraged by the healthy demand trends we are seeing. We are raising our guidance to incorporate the first quarter outperformance, and our favorable view for the remainder of the year is unchanged. We believe the industry setup continues to favor Urban markets, supported by sustained strength in business transient and robust demand for urban leisure experiences, which should disproportionately benefit our portfolio.'

The prefix 'comparable' as defined by the Company, denotes operating results which include results for periods prior to its ownership and excludes sold hotels. Explanations of EBITDA, EBITDAre, Adjusted EBITDA, Hotel EBITDA, Hotel EBITDA Margin, FFO, and Adjusted FFO, as well as reconciliations of those measures to net income or loss, if applicable, are included within this release.

Financial and Operating Highlights

https://investor.rljlodgingtrust.com/news-releases/news-release-details/rlj-lodging-trust-reports-first-quarter-2026-results