RLJ Lodging Trust Delivers Strong Q2 2026 Results and Lifts Full-Year Outlook
RLJ sits 82% above its 52-week low of $6.54.
Summary
RLJ Lodging Trust posted better-than-expected Q2 2026 results, fueled by robust RevPAR growth and margin expansion, and raised its full-year guidance. The company also repaid $500 million in debt, extending its maturity runway.
Key Events · Earnings and Guidance · RLJ
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Q2 2026 Results Beat Expectations
Comparable RevPAR rose 6.8% to $167.15, Adjusted FFO per diluted share increased 8.3% to $0.52, and Adjusted EBITDA grew 6.1% to $110.4 million.
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Full-Year Guidance Raised
The company now expects Comparable RevPAR growth of 3.5% to 4.5%, Adjusted EBITDA of $336M-$356M, and Adjusted FFO per diluted share of $1.37-$1.50.
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Balance Sheet Strengthened
On July 1, 2026, the $500 million Senior Notes due 2026 were fully repaid using proceeds from delayed draw term loans; no debt maturities remain until 2029.
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Hotel Disposition
One hotel in Fremont, CA was sold for $13.2 million, representing 29.2x trailing Hotel EBITDA.
Analysis · RLJ · Real Estate & Construction
Second-quarter results topped expectations, with RevPAR climbing 6.8% and Adjusted FFO per share advancing 8.3% to $0.52. Bolstered by broad-based demand recovery and successful conversions, management raised the full-year forecast and now projects Adjusted EBITDA of $336 million to $356 million and Adjusted FFO per share of $1.37 to $1.50. The balance sheet also improved markedly after the repayment of $500 million in senior notes, which pushes the next debt maturity out to 2029.
At the time of this filing, RLJ was trading at $11.92 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $6.54 to $12.89. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.