RLJ Lodging (RLJ) Beats Q3 FFO and Revenue Estimates

RLJ Lodging (RLJ) came out with quarterly funds from operations (FFO) of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.4 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +3.85%. A quarter ago, it was expected that this hotel real estate investment trust would post FFO of $0.46 per share when it actually produced FFO of $0.48, delivering a surprise of +4.35%.Over the last four qu ...