RLJ Lodging Trust Full Year 2022 Earnings: EPS Misses Expectations
RLJ Lodging Trust (NYSE:RLJ) Full Year 2022 Results
Key Financial Results
Revenue: US$1.19b (up 52% from FY 2021).
Net income: US$16.8m (up from US$330.4m loss in FY 2021).
Profit margin: 1.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue.
EPS: US$0.10 (up from US$2.01 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RLJ Lodging Trust EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%.
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the REITs industry in the US.
Performance of the American REITs industry.
The company's share price is broadly unchanged from a week ago.
Be aware that RLJ Lodging Trust is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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