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RLJ Lodging Trust

RLJ Lodging Trust (RLJ) Q1 2026 Earnings

Reported May 4, 2026 at 9:17 AM ET · SEC Source

Q1 26 EPS

$0.33

BEAT +512.50%

Est. $-0.08

Q1 26 Revenue

$340.0M

BEAT +4.85%

Est. $324.2M

vs S&P Since Q1 26

+23.2%

BEATING MARKET

RLJ +30.6% vs S&P +7.3%

Market Reaction

Did RLJ Beat Earnings? Q1 2026 Results

RLJ Lodging Trust delivered a standout first quarter for fiscal 2026, posting Adjusted FFO of $0.33 per diluted share against a consensus estimate of negative $0.08, a beat of 512.50%, while revenue of $339.98 million exceeded the $324.24 million con… Read more RLJ Lodging Trust delivered a standout first quarter for fiscal 2026, posting Adjusted FFO of $0.33 per diluted share against a consensus estimate of negative $0.08, a beat of 512.50%, while revenue of $339.98 million exceeded the $324.24 million consensus by 4.85% and grew 3.6% year over year. The primary engine behind the results was a meaningful improvement in lodging fundamentals across urban markets, where comparable RevPAR climbed 4.8% to $148.55 driven by a 2.1% rise in average daily rate to $209.91 and a 260 basis point gain in occupancy to 70.8%, complemented by disciplined expense management that expanded comparable hotel EBITDA margins by 45 basis points to 26.4%. The company also completed a comprehensive debt refinancing that effectively cleared all maturities through 2028 and left total liquidity above $950 million, removing a meaningful overhang for investors. Shares recently touched a new 52-week high, reflecting growing confidence in the thesis. Management raised its full-year 2026 outlook, now guiding for Adjusted FFO per diluted share of $1.29 to $1.45 and Adjusted EBITDA of $324 million to $348 million.

Key Takeaways

  • • Comparable RevPAR increased 4.8% year-over-year driven by ADR growth of 2.1% and occupancy improvement of 260 basis points
  • • Comparable non-room revenues increased 8.2%, exceeding RevPAR growth by 340 basis points
  • • Disciplined expense management contributed to 45 bps Comparable Hotel EBITDA margin expansion
  • • Strong performance in top urban markets
  • • Continued ramp of recently completed high-impact renovations and brand conversions
  • • Sustained strength in business transient demand and robust urban leisure demand
24/7 Wall St

RLJ YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

RLJ Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26

“We are pleased with our strong first quarter results, which exceeded our expectations, driven by improving fundamentals, strong performance in a number of our top Urban markets, and the continued ramp of our recently completed, high-impact renovations and conversions. These elements, combined with our success driving non-room revenues and managing expenses, allowed us to grow EBITDA and expand margins.”

— Leslie D. Hale, Q1 2026 Earnings Press Release

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