RLJ Lodging Trust Expects FY24 Adjusted FFO Per Share Of $1.55-$1.75 (Est $1.67), Comparable RevPAR Growth Of 2.5%-5.5%
Portfolio Pulse from Benzinga Newsdesk
RLJ Lodging Trust forecasts its FY24 Adjusted FFO per share to be between $1.55 and $1.75, aligning with an estimated $1.67. The company anticipates a 2.5%-5.5% growth in Comparable RevPAR. However, Q1 2024 is expected to see lower RevPAR growth due to the timing of Easter and challenging comparisons to the previous year.
February 26, 2024 | 10:11 pm
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RLJ Lodging Trust expects its FY24 Adjusted FFO per share to range from $1.55 to $1.75, with an estimated average of $1.67, and anticipates a 2.5%-5.5% growth in Comparable RevPAR. However, Q1 2024 RevPAR growth is expected to be lower due to the timing of Easter and challenging year-on-year comparisons.
The forecasted growth in Adjusted FFO per share and Comparable RevPAR indicates a positive outlook for RLJ Lodging Trust's financial performance in FY24. However, the expected lower growth in Q1 2024 due to seasonal and comparative factors slightly moderates the short-term outlook. The detailed guidance provided by the company suggests a strong understanding of its operational environment, which may instill confidence in investors.
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