RLJ Lodging Trust reported its financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, comparable RevPAR increased by 2.2% over the prior year to $137.53, with total revenues reaching $330.0 million, a 3.2% increase. The company reported a net loss attributable to common shareholders of $0.9 million, resulting in a net loss per diluted share of $0.01.
Full year 2024 comparable RevPAR was $144.72, up 2.0% from the previous year, and total revenues for the year were $1,369.3 million, an increase of 3.1%. Comparable Hotel EBITDA for the full year stood at $398.0 million, reflecting the overall operational performance of the portfolio.
The company also highlighted its capital allocation strategy, having repurchased approximately 2.3 million common shares for $22 million during 2024. These repurchases were executed at an average price of $9.39 per share, demonstrating a commitment to returning capital to shareholders.
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