04:53 AM EDT, 05/02/2024 (MT Newswires) -- RLJ Lodging Trust ( RLJ ) reported Q1 adjusted funds from operations late Wednesday of $0.33 per diluted share, down from $0.35 a year earlier.

Analysts polled by Capital IQ expected $0.22.

Revenue for the quarter ended March 31 was $324.4 million, up from $314.5 million a year earlier.

Analysts surveyed by Capital IQ expect $322.8 million.

For 2024, the real estate investment trust affirmed its previous adjusted funds from operations guidance of $1.55 to $1.75 per diluted share.

Price: 10.95, Change: -0.01, Percent Change: -0.09