Earnings Releases·Nov 4, 2026, 5:21 PM ET

RLJ Lodging Trust — Third Quarter 2026 Earnings Summary

**Financial Results:** Q3 2026 net income turned positive at $4.6 million versus a $3.8 million loss in the prior year, driven by a 9.7% year-over-year increase in comparable RevPAR to $153.36 and a 17.5% rise in comparable Hotel EBITDA to $93.9 million; Adjusted FFO per share grew 25.9% to $0.34.
**Guidance Increases:** The company raised full-year 2026 guidance across all key metrics, including Comparable RevPAR (+5.75% to +6.25%), Comparable Hotel EBITDA ($377M–$383M), Adjusted EBITDA ($352M–$358M), and Adjusted FFO per share ($1.47–$1.51).
**Capital Returns & M&A:** The Board declared quarterly cash dividends of $0.15 per common share and $0.4875 per Series A Preferred share; in October 2026, the company sold seven Chicago Midway assets for $110.0 million (13.8x EBITDA multiple), including $20.0 million in seller financing.
**Operational Outlook:** Strong demand from business, leisure, and group segments outpaced industry RevPAR growth, with management citing accelerated operating fundamentals and robust preliminary results for October, while noting the full-year outlook excludes the recently sold Midway assets.