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Investing.com - RLJ Lodging reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
RLJ Lodging announced earnings per share of $0.07 on revenue of $318.1M. Analysts polled by Investing.com EPS of $0.11 on revenue of $321.75M.
RLJ Lodging 's are down 32% and is trading at $11.51 , still down 29.04% from its 52 week high of $16.22 set on Friday, November 5, 2021.
RLJ Lodging follows other major Real Estate sector earnings this month
RLJ Lodging's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.75B, EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, for EPS of $1.13 on revenue of $2.65B.
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