RLJ Lodging Trust reported third quarter 2026 results that exceeded expectations for profitability despite a slight revenue miss, driven by an acceleration in business and group travel. The company raised its full-year guidance to reflect the third quarter outperformance and positive momentum carrying into the final quarter.

Key Highlights

  • Adjusted FFO per share of $0.34 beat the analyst estimate of $0.28, representing a 25.9% year-over-year increase.
  • Comparable RevPAR reached $153.36, a 9.7% increase over the prior year, significantly outpacing the expected 4.2% growth rate.
  • Comparable Hotel EBITDA margin expanded by 190 basis points to 26.5%, supported by disciplined cost controls.
  • Completed the disposition of seven Chicago Midway properties for $110.0 million in October 2026 at a 13.8x EBITDA multiple.