RLJ Lodging Trust

RLJ Lodging Trust is a real estate investment trust, which engages in the ownership and acquisition of hotels. It operates through the following hotel brands: Embassy Suites, Marriott, Hilton, Hyatt House, Hyatt Place, Hilton Garden Inn, Wyndham, Renaissance, Fairfield Inn & Suites, Holiday Inn Express, Sleep Inn, Hampton Inn, Hotel Indigo, IHG, SpringHill Suites, Hyatt Centric, and Homewood Suites. The company was founded by Robert L. Johnson on January 31, 2011 and is headquartered in Bethesda, MD.

Earnings data Q1 2021

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Earnings data Q4 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

RLJ Lodging Trust excels in urban markets, eyes growth opportunities

RLJ Lodging Trust's Q4 2022 earnings call highlighted strong performance in urban markets, focus on balance sheet strength, and margin improvement strategies. The company's approach to asset characteristics, brand selection, and managing costs amidst labor challenges were key discussion points.

RLJ Lodging Trust reports robust Q1 results and eyes sustained growth

RLJ Lodging Trust excelled in Q1, with strong RevPAR and EBITDA growth driven by urban market performance.
Despite challenges in business transient recovery and staffing, RLJ's balance sheet strength and growth initiatives position it well.
Opportunities lie in continued positive market conditions, portfolio enhancements, and negotiated corporate ADR growth.
Overall, RLJ's performance, strengths, and opportunities outweigh challenges, signaling a positive outlook for future growth.

RLJ Lodging Trust excels in Q2, eyes growth opportunities

RLJ Lodging Trust delivered strong Q2 results, showcasing financial resilience and operational excellence amidst market challenges.
The company's strategic focus on shareholder returns, balance sheet management, and operational efficiency positions it well for future growth.
Despite risks from economic uncertainties, RLJ's diversified portfolio, strong group performance, and focus on market opportunities provide a solid foundation for continued success.

RLJ Lodging Trust excels in Q3, eyes urban market growth

RLJ Lodging Trust delivered strong Q3 results, showcasing resilience in urban markets and strategic capital allocation. The company remains optimistic about future growth prospects, driven by improving business transient and group demand.

RLJ Lodging Trust exceeds industry benchmarks in Q4 2023

RLJ Lodging Trust delivered strong Q4 results with RevPAR growth, revenue increases, and positive EBITDA growth. The company's focus on urban markets, group demand, and strategic acquisitions positions it well for future growth. Challenges in EBITDA margins and specific market performance are being addressed, while opportunities in key markets and asset management are being pursued.

RLJ Lodging Trust surpasses Q1 expectations, eyes growth opportunities

RLJ Lodging Trust's Q1 performance exceeded expectations, driven by strong RevPAR growth and out-of-room spend. Despite macroeconomic concerns, the company remains optimistic about the year ahead. Focus on ROI projects, reaffirmed guidance, and positive market trends position RLJ for continued success.

RLJ Lodging Trust reports strong Q2 performance and growth opportunities

RLJ Lodging Trust showcased robust performance across revenue, EBITDA, and booking segments in Q2 2024.
The company's strategic capital allocation and focus on diverse market segments position it well for sustained growth.
While challenges in cost management persist, opportunities for revenue optimization and market expansion are evident.

RLJ Lodging Trust reports strong Q3 results and eyes urban market growth

RLJ Lodging Trust's Q3 performance reflects resilience and strategic execution in a challenging market environment.
The company's strengths lie in outperforming urban hotels, active balance sheet management, and capital allocation discipline.
While facing challenges such as market uncertainties, RLJ sees opportunities in urban market focus and portfolio optimization.

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RLJ Lodging Trust (NYSE:RLJ ) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ET Company Participants Nikhil Bhalla - Senior Vice President Finance and Treasurer Leslie Hale - President and CEO Sean Mahoney - Executive Vice President and CFO Tom Bardenett - Chief Operating Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Michael Bellisario - Baird Jonathan Jenkins - Oppenheimer & Company Dori Kesten - Wells Fargo Chris Woronka - Deutsche Bank Gregory Miller - Truist Securities Floris van Dijkum - Compass Point Operator Welcome to the RLJ Lodging Trust Third Quarter 2024 Earnings Call. As a reminder, all participants are in listen-only mode and the conference is being recorded.

RLJ Lodging Trust (RLJ) Q3 2024 Earnings Call Transcript

The headline numbers for RLJ Lodging (RLJ) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

RLJ Lodging (RLJ) Reports Q3 Earnings: What Key Metrics Have to Say

RLJ Lodging (RLJ) came out with quarterly funds from operations (FFO) of $0.40 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.40 per share a year ago.

RLJ Lodging (RLJ) Surpasses Q3 FFO and Revenue Estimates

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and nine months ended September 30, 2024. Third Quarter Highlights Portfolio Comparable RevPAR of $145.23; an increase of 2.0% from last year Comparable Hotel Revenue of $344.7 million; an increase of 3.0% from last year Net Income of $20.6 million Comparable Hotel EBITDA of $100.7 million, an increase of 2.6% from last year Adjusted EBITDA of $91.9 million; an increase of 3.6% fro.

RLJ Lodging Trust Reports Third Quarter 2024 Results

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Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the office sector remained the most-shorted at 5.3% of shares outstanding. Wheeler Real Estate Investment Trust logged the largest increase in short interest, up 16 percentage points to 32.4% of shares outstanding.

U.S. REITs Log Dip In Short Interest In September

RLJ Lodging Trust's preferred stock offers a 7.5% yield, down from 8.1%, but remains attractive thanks to the safety of its dividend and potential Fed rate cuts. The REIT owns 96 premium-branded hotels, has recovered from the pandemic, and maintains a healthy balance sheet, ensuring the preferred dividend's safety. The preferred dividend is well-covered with a 9.3 coverage ratio, and the REIT is unlikely to eliminate its common dividend, even in a recession.

Lock In The 7.5% Dividend Of The Preferred Stock Of RLJ Lodging Trust Before It Falls Further

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) previously announced in its Q2 2024 Earnings Release that its Board of Trustees had declared a quarterly cash dividend of $0.15 per common share of beneficial interest. The dividend is payable on October 15, 2024, to shareholders of record as of September 30, 2024. The Board of Trustees had also declared a quarterly cash dividend of $0.4875 on the Company's Series A Preferred Shares. The dividend is payable on October.

RLJ Lodging Trust Announces Dividends for Third Quarter of 2024

RLJ Lodging is a hotel REIT managing 96 premium-branded urban-centric hotels, with the largest markets being Los Angeles/Anaheim and Washington, DC. The REIT has substantially underperformed the Vanguard Real Estate Index Fund ETF so far in 2024, delivering a 19% loss. The Q2 2024 results were mixed as robust RevPAR growth was offset by elevated expense growth, ultimately resulting in lower Adjusted FFO.

RLJ Lodging: Deep Value If Recession Fears Are Overblown

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the third quarter ended September 30, 2024, after the markets close on November 6, 2024. The Company will also host a conference call on November 7, 2024 at 12:00 p.m. (Eastern Time). The Company recommends that you dial in approximately 10 minutes before the call. The conference call can be accessed by dialing (877) 407-3982 or (201) 493-6780 for international part.

RLJ Lodging Trust Sets Dates for Third Quarter 2024 Earnings Release and Conference Call

RLJ Lodging Trust (RLJ) Q2 2024 Earnings Call Transcript

The headline numbers for RLJ Lodging (RLJ) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

RLJ Lodging (RLJ) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

RLJ Lodging (RLJ) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to FFO of $0.56 per share a year ago.

RLJ Lodging (RLJ) Q2 FFO and Revenues Beat Estimates

BETHESDA, M.D.--(BUSINESS WIRE)--RLJ Lodging Trust Acquires Hotel Teatro in Denver.

RLJ Lodging Trust Acquires Hotel Teatro in Denver

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust Reports Second Quarter 2024 Results.

RLJ Lodging Trust Reports Second Quarter 2024 Results

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BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.10 per common share of beneficial interest. The dividend is payable on July 15, 2024, to shareholders of record as of June 28, 2024. The Board of Trustees also declared a quarterly cash dividend of $0.4875 on the Company's Series A Preferred Shares. The dividend is payable on July 31, 2024, to shareholders of record as of June 28,.

RLJ Lodging Trust Announces Dividends for Second Quarter of 2024

RLJ Lodging Trust's preferred shares are attractive as they cannot be easily called by the issuer. The preferred dividends are well-covered, with a payout ratio of just over 10%. The balance sheet of RLJ Lodging Trust is strong, with a low LTV ratio and sufficient common equity.

RLJ Lodging Trust: I Don't Mind Locking In A 7.9% Yield

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the second quarter ended June 30, 2024, after the markets close on August 1, 2024. The Company will also host a conference call on August 2, 2024, at 10:00 a.m. (Eastern Time). The Company recommends that you dial in approximately 10 minutes before the call. The conference call can be accessed by dialing (877) 407-3982 or (201) 493-6780 for international participant.

RLJ Lodging Trust Sets Dates for Second Quarter 2024 Earnings Release and Conference Call

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The headline numbers for RLJ Lodging (RLJ) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

RLJ Lodging (RLJ) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2024. Highlights Portfolio Comparable RevPAR of $137.88; an increase of 1.0% from last year Total Revenue of $324.4 million; an increase of 3.1% from last year Net income of $4.7 million Comparable Hotel EBITDA of $88.9 million Adjusted EBITDA of $79.6 million Adjusted FFO per diluted common share and unit of $0.33 Addressed all 2024 debt maturities “Our firs.

RLJ Lodging Trust Reports First Quarter 2024 Results

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RLJ Lodging Trust owns 97 hotels, with a focus on urban hotels in the Sunbelt region. RevPAR grew 9.2% in 2023, with a further increase of 4% expected for 2024. Adjusted FFO per share increased 22.1% in 2023 but is expected to be marginally lower in 2024 on higher interest rates.

RLJ Lodging Trust: Growing Topline And A Beneficiary Of Lower Rates

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