RLJ Lodging (RLJ) Q1 FFO Surpass Estimates

RLJ Lodging (RLJ) came out with quarterly funds from operations (FFO) of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to FFO of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 3.33%. A quarter ago, it was expected that this hotel real estate investment trust would post FFO of $0.29 per share when it actually produced FFO of $0.33, delivering a surprise of 13.79%.Over the last four qu ...