RLJ Lodging (RLJ) Q1 FFO Surpass Estimates

Financial Performance - RLJ Lodging reported quarterly funds from operations (FFO) of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, but down from $0.33 per share a year ago, indicating a 6.06% year-over-year decline [1] - The company achieved an FFO surprise of 3.33% for the quarter, following a previous surprise of 13.79% when it reported $0.33 per share against an expectation of $0.29 [1][2] - RLJ Lodging's revenues for the quarter were $328.12 million, slightly missing the Zacks Consensus Estimate by 0.34%, but up from $324.41 million year-over-year, reflecting a 2.21% increase [2] Market Performance - RLJ Lodging shares have declined approximately 28.9% since the beginning of the year, contrasting with the S&P 500's decline of 3.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.51 on revenues of $374.31 million, and for the current fiscal year, it is $1.52 on revenues of $1.39 billion [7] - The outlook for the REIT and Equity Trust - Other industry, to which RLJ Lodging belongs, is currently in the bottom 37% of Zacks industries, suggesting potential challenges ahead [8]