RLJ Lodging Trust Reports First Quarter 2026 Results

May 6, 2026

BETHESDA, Md. – RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2026.

First Quarter Highlights

• Comparable RevPAR of $148.55, an increase of 4.8% over the prior year
• Comparable Hotel Revenue of $340.0 million, an increase of 5.4% over the prior year
• Net loss of $0.3 million
• Comparable Hotel EBITDA of $89.9 million, an increase of 7.2% over the prior year
• Comparable Hotel EBITDA Margin of 26.4%, an increase of 45 bps over the prior year
• Adjusted EBITDA of $80.9 million
• Adjusted FFO per diluted common share and unit of $0.33
• Addressed all debt maturities until 2029

“We are pleased with our strong first quarter results, which exceeded our expectations, driven by improving fundamentals, strong performance in a number of our top Urban markets, and the continued ramp of our recently completed, high-impact renovations and conversions. These elements, combined with our success driving non-room revenues and managing expenses, allowed us to grow EBITDA and expand margins,” commented Leslie D. Hale, President and Chief Executive Officer. “While the evolving geopolitical environment has added a layer of uncertainty, we continue to be encouraged by the healthy demand trends we are seeing. We are raising our guidance to incorporate the first quarter outperformance, and our favorable view for the remainder of the year is unchanged. We believe the industry setup continues to favor Urban markets, supported by sustained strength in business transient and robust demand for urban leisure experiences, which should disproportionately benefit our portfolio.”

The prefix “comparable” as defined by the Company, denotes operating results which include results for periods prior to its ownership and excludes sold hotels. Explanations of EBITDA, EBITDAre, Adjusted EBITDA, Hotel EBITDA, Hotel EBITDA Margin, FFO, and Adjusted FFO, as well as reconciliations of those measures to net income or loss, if applicable, are included within this release.