RLJ Lodging Trust (RLJ) Form 8-K — Nov 4, 2026
RLJ Lodging Trust reported strong Q3 2026 results, with comparable RevPAR up 9.7% to $153.36 and Adjusted FFO per diluted share of $0.34, up 25.9% year over year. Net income swung to $4.6 million from a $3.8 million loss in the prior-year quarter, while Comparable Hotel EBITDA margin expanded 190 basis points to 26.5% on disciplined cost control and urban-market demand strength. In October 2026, RLJ completed the sale of seven hotels near Chicago Midway Airport for $110.0 million (13.8x forecasted 2026 Hotel EBITDA), providing $20.0 million of seller financing.
Key figures
- Revenue
- 354476000
- Guidance
- FY2026 Comparable RevPAR growth +5.75% to +6.25%; Comparable Hotel EBITDA $377M-$383M; Adjusted EBITDA $352M-$358M; Adjusted FFO per diluted share $1.47-$1.51
- Net Income
- 4576000
- Total Debt
- 2196326000
- Revenue Yoy
- 7.4%
- Total Assets
- 4726668000
- Cash Position
- 448342000
- Comparable adr
- $203.35
- Adjusted ebitda
- $85.2 million
- Total liquidity
- over $1.0 billion
- Margin expansion
- 190 bps
- Seller financing
- $20.0 million
- Comparable revpar
- $153.36
- Nine month revenue
- $1,077,441 thousand
- Quarterly dividend
- $0.15 per common share
- Comparable occupancy
- 75.4%
- Nine month net income
- $35,555 thousand
- Revolver availability
- $600.0 million
- Adjusted ebitda growth
- 17.3%
- Adjusted ffo per share
- $0.34
- Comparable hotel ebitda
- $93.9 million
- Comparable hotel revenue
- $354.5 million
- Comparable revpar growth
- 9.7%
- Weighted avg interest rate
- 5.05%
- Midway disposition multiple
- 13.8x forecasted 2026 Hotel EBITDA (16.1x incl. capex)
- Midway disposition proceeds
- $110.0 million
- Series a preferred dividend
- $0.4875 per share
- Adjusted ffo per share growth
- 25.9%
- Comparable hotel ebitda growth
- 17.5%
- Comparable hotel ebitda margin
- 26.5%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.