RLJ Lodging Trust (RLJ) reported that its first-quarter Funds from operations or FFO attributable to common shareholders was $27.0 million, compared to $16.5 million in the year ago quarter.
Adjusted FFO for the quarter was $28.53 million, compared to $19.98 million in the comparable quarter last year. Adjusted FFO per share and unit for the current quarter was $0.27.
Net loss attributable to common shareholders for the quarter narrowed to $6.5 million from $16.1 million in prior year period. Loss per share for the current first quarter was $0.06. On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.11 per share. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose to $183.19 million from $168.17 million in the prior year quarter, while eight analysts estimated revenue of $178.94 million for the quarter.
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