RLJ Lodging Trust reported its first-quarter results for 2025, with comparable RevPAR increasing by 1.6% over the prior year to $141.23. Total revenues reached $328.1 million, and the company posted a net income of $3.2 million. Comparable Hotel EBITDA was $85.3 million, and Adjusted EBITDA stood at $77.6 million, with Adjusted FFO per diluted common share and unit at $0.31.
The company continued its portfolio optimization strategy by selling one non-core hotel for $24.3 million during the quarter. Proceeds from this asset sale were recycled into share repurchases, with the company having repurchased 2.7 million shares for $24.3 million at an average price of $8.91 year-to-date through May 2, 2025.
Despite the positive Q1 performance and capital allocation, RLJ Lodging Trust revised its full-year 2025 guidance downward. The new outlook projects comparable RevPAR growth to range between -1% and +1%, a significant reduction from previous expectations. Comparable Hotel EBITDA is now expected to be between $365.5 million and $395.5 million, Adjusted EBITDA between $332.5 million and $362.5 million, and Adjusted FFO per diluted share between $1.38 and $1.58, reflecting moderated fundamentals and macroeconomic uncertainty.
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