RLJ Lodging Trust Q4 Profit Rises

(RTTNews) - RLJ Lodging Trust (RLJ) Wednesday reported fourth-quarter net income attributable to common shareholders of $27.4 million or $0.23 per share, up from $13.7 million or $0.13 per share in the same period last year.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.22 per share. Analysts; estimates typically exclude special items.

Adjusted FFO attributable to common shareholders increased to $62.7 million or $0.51 per share from $50.7 million or $0.48 per share last year.

FFO for the quarter was $57.8 million, up from $44.6 million in the prior year period.

Revenue increased to $242.57 million from $221.43 million last year. Analysts expected revenues of $241.37 million.