RLJ Lodging Trust reported third-quarter RevPAR growth of 9.7%, hotel EBITDA of $93.9 million, up 17.5%, and raised 2026 comparable RevPAR guidance to 5.75%-6.25%.
RLJ-PA · RLJ Lodging Trust
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RLJ reported nine-month 2026 revenues of $1,077.4 million, net income of $35,555 and Adjusted FFO of $180,040 (in thousands), alongside a new $250.0 million share repurchase program.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 7, 2026TL;DR. RLJ Lodging Trust reported Q2 2026 results that exceeded expectations, with RevPAR up 6.8%, Adjusted EBITDA up 6.1%, and Adjusted FFO per share up 8.3%, prompting the company to raise its full-year 2026 guidance.
- + Q2 RevPAR grew 6.8%, outperforming the industry by 110 basis points, driven by 4.9% ADR growth and 130 bps occupancy gains
- + Raised full-year 2026 guidance for RevPAR growth to 3.5%-4.5% and Adjusted FFO per share to $1.37-$1.50
- + Business transient revenue grew 10% and out-of-room spend rose 7.1%, exceeding RevPAR growth by 30 bps
- + Sold Fremont hotel at 29.2x EBITDA multiple; strong liquidity with $1.0 billion and no debt maturities until 2029
- − Fixed costs increased 6.4% (3.4% ex-prior-year tax benefit) and energy costs remained elevated
- − Limited visibility and geopolitical uncertainty cited as risks to outlook
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| ADR | $217.18 | the three months ended June 30, 2026 filing | — |
| Occupancy | 77% | the three months ended June 30, 2026 filing | — |
| RevPAR | $167.15 | the three months ended June 30, 2026 filing | — |
| Adjusted EBITDA non-GAAP | 191.27M | Six months ended June 30, 2026 | — |
| Adjusted FFO non-GAAP | 128.05M | Six months ended June 30, 2026 | — |
| Adjusted FFO per common share and unit-basic non-GAAP | $0.52 | three months ended June 30, 2026 | — |
| Adjusted FFO Per Diluted Common Share and Unit non-GAAP | $0.85 | Six months ended June 30, 2026 | — |
| Comparable Hotel EBITDA non-GAAP | 209.18M | Six months ended June 30, 2026 | — |
| Comparable Hotel EBITDA Margin non-GAAP | 29% | Six months ended June 30, 2026 | — |
| Comparable Hotel Revenue | 720.61M | Six months ended June 30, 2026 | — |
| Comparable RevPAR | $158.1 | Six months ended June 30, 2026 | — |
| Consolidated Hotel EBITDA non-GAAP | 209.54M | six months ended June 30, 2026 | — |
| EBITDA non-GAAP | 176.6M | six months ended June 30, 2026 | — |
| EBITDAre non-GAAP | 180.36M | six months ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Hotel & Motel — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
RLJ-PA
this stock
RLJ Lodging Trust
|
$3.75B | -1.2% | -1.4% | — | 7.1% |
|
HST
Host Hotels & Resorts, Inc.
|
$16.87B | +38.9% | -0.8% | 18.0 | 6.1% |
|
RHP
Ryman Hospitality Properties, Inc.
|
$9.11B | +39.6% | +3.1% | 31.8 | 4.4% |
|
APLE
Apple Hospitality REIT, Inc.
|
$4.46B | +59.3% | +19.0% | 23.9 | 6.3% |
|
PK
Park Hotels & Resorts Inc.
|
$3.18B | +50.5% | +2.3% | — | 15.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- % held
- 94.3%
- Reported
- 94 of 226
- Top holder
- BlackRock, Inc.
- Filed
- Nov 5, 2026
- This year
- 12
RLJ reported nine-month 2026 revenues of $1,077.4 million, net income of $35,555 and Adjusted FFO of $180,040 (in thousands), alongside a new $250.0 million share repurchase program.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RLJ-PA | +0.7% | -0.2% | -2.2% | +0.7% | -1.2% |
| SPY | -2.7% | -5.6% | -0.5% | -2.7% | +7.8% |
| vs SPY | +3.4% | +5.4% | -1.7% | +3.4% | -9.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.