RLJ Lodging Trust reports Q3 AFFO 27c, consensus 13c

Reports Q3 revenue $330M vs. $345.74M last year. Reports Portfolio Comparable RevPAR of $138.51, a decrease of 5.1% over the prior year. “Our third quarter results were generally consistent with our expectations and reflect the resiliency of our portfolio and lean operating model amid a choppy backdrop. Despite the lower occupancy environment, we were pleased to achieve continued growth in out-of-room spend, highlighting the success of our ROI initiatives, which combined with our disciplined cost control efforts contributed to our solid bottom-line results. During the quarter, we continued to advance our conversion pipeline as well as our transformative renovations, further positioning our portfolio to unlock embedded value,” commented Leslie D. Hale, President and Chief Executive Officer. “While the recent government shutdown and ongoing macro uncertainty have moderated our near-term view and are reflected in our updated full-year outlook, we are encouraged by a number of building blocks that should support a more constructive backdrop as we look ahead to 2026. We believe these tailwinds, together with the continued ramp of our strategic investments, as well as our strong balance sheet, position us to capture outsized benefits as demand strengthens.”