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.

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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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Real Estate Rut: 3 REITs With Major Growth Potential

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today provided an update to its embedded value creation initiatives. These initiatives include two new conversions in 2024, bringing the total completed and announced brand conversions and repositionings to eight hotels. The Company has published a presentation that provides details on these initiatives that is available through the Investor Relations section of its website at www.rljlodgingtrust.com. About Us RLJ Lod.

RLJ Lodging Trust Provides Update on its Embedded Value Creation Initiatives

RLJ Lodging Trust (NYSE:RLJ ) Q3 2023 Earnings Conference Call November 2, 2023 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 - Executive Vice President and COO Conference Call Participants Michael Bellisario - Robert W. Baird Dori Kesten - Wells Fargo William Crow - Raymond James Gregory Miller - Truist Securities Tyler Batory - Oppenheimer Chris Woronka - Deutsche Bank Austin Wurschmidt - KeyBanc Capital Markets Floris Van Dijkum - Compass Point Research Anthony Powell - Barclays Operator Welcome to the RLJ Lodging Trust Third Quarter 2023 Earnings Call.

RLJ Lodging Trust (RLJ) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for RLJ Lodging (RLJ) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

RLJ Lodging (RLJ) Q3 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 and nine months ended September 30, 2023. Third Quarter Highlights Portfolio Comparable RevPAR of $141.81; an increase of 3.4% from last year, led by both Occupancy and ADR growth Total revenue of $334.4 million Net income per diluted share attributable to common shareholders of $0.06 Comparable Hotel EBITDA of $98.1 million Adjusted EBITDA of $88.8 million Adjusted FFO per diluted.

RLJ Lodging Trust Reports Third Quarter 2023 Results

RLJ Lodging Trust's preferred shares offer a fixed $1.95 annual coupon with an 8.2% yield on cost. The preferred shares are currently trading at a 5.5% discount to their par value of $25 per share. RLJ's preferred shares have a busted convertible feature, making them essentially perpetual and less risky than common shares.

RLJ Lodging Trust: Should You Lodge In The 8.2% Yielding Perpetual Preferreds?

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2 Magnificent Dividends To Buy And Hold Forever

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) previously announced in its Q2 2023 Earnings Release that its Board of Trustees had declared a quarterly cash dividend of $0.10 per common share of beneficial interest. The dividend is payable on October 16, 2023, to shareholders of record as of September 29, 2023. 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 2023

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, 2023, after the markets close on November 1, 2023. The Company will also host a conference call on November 2, 2023, 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 par.

RLJ Lodging Trust Sets Dates for Third Quarter 2023 Earnings Release and Conference Call

RLJ Lodging Trust is a full-service hospitality REIT with a portfolio of 96 hotels in 23 states, affiliated with premium brands like Marriott and Hilton. The company has an impressive liquidity position, low-interest rates on its debt, and has increased its dividend three times since 2022, making it an attractive investment. The company's shares are also undervalued at present, further adding to its appeal.

RLJ Lodging Trust: Undervalued With The Potential For Increased Dividends

RLJ Lodging Trust is a hotel-based REIT with a portfolio of 96 premium-branded full-service hotels. The company not only survived but also thrived in the COVID-19 pandemic by acquiring properties on deep discount and upgrading existing hotels. Margins and cash flows are almost back to 2019 levels, and the current multiples look compellingly cheap.

RLJ Lodging Trust Now Trades At A Discount

RLJ Lodging Trust (NYSE:RLJ ) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM 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 - Executive Vice President and COO Conference Call Participants Michael Bellisario - Baird Dori Kesten - Wells Fargo Bill Crow - Raymond James Anthony Powell - Barclays Gregory Miller - Truist Securities Chris Woronka - Deutsche Bank Tyler Batory - Oppenheimer & Company Floris Van Dijkum - Compass Point Operator Welcome to the RLJ Lodging Trust's Second Quarter 2023 Earnings Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded.

RLJ Lodging Trust (RLJ) Q2 2023 Earnings Call Transcript

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and six months ended June 30, 2023. Second Quarter Highlights Portfolio Comparable RevPAR of $152.89; an increase of 4.5% from last year Total revenue of $357.0 million Net income of $41.7 million Net income per diluted share attributable to common shareholders of $0.22 Comparable Hotel EBITDA of $122.8 million Adjusted EBITDA of $113.8 million Adjusted FFO per diluted common share.

RLJ Lodging Trust Reports Second Quarter 2023 Results

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BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Nashville property is joining the Tapestry Collection by Hilton. The 124-room property will undergo a comprehensive renovation next year and relaunch as a rebranded lifestyle boutique hotel within the Tapestry Collection by Hilton. This marks the Company's third conversion in 2023, joining previously announced conversions in New Orleans and Houston, and building on its three successful 2022 co.

RLJ Lodging Trust's Boutique Nashville Hotel to Join Hilton's Tapestry Collection

RLJ Lodging Trust, a REIT that owns high-end hotels, is recovering from the pandemic-induced crisis, with hotel occupancy back to 97% of pre-pandemic levels. The preferred stock of RLJ Lodging Trust offers an 8.1% dividend yield with a wide margin of safety thanks to its strong balance sheet. RLJ Lodging Trust has raised its common dividend 60% this year and repurchased 2.5% of its units in the first quarter, thus confirming its great financial shape.

The +8% Dividend Of The Preferred Stock Of RLJ Lodging Trust Is Safe

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, 2023, after the markets close on August 3, 2023. The Company will also host a conference call on August 4, 2023, 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 2023 Earnings Release and Conference Call

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 $0.08 per common share of beneficial interest. The dividend is payable on July 17, 2023, to shareholders of record as of June 30, 2023. 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, 2023, to shareholders of record as of June 30,.

RLJ Lodging Trust Announces Dividends for Second Quarter of 2023

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BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (“RLJ” or the “Company”) (NYSE: RLJ) today announced the appointment of Chad D. Perry as Executive Vice President and General Counsel. Prior to his appointment, Mr. Perry served as Executive Vice President, General Counsel and Secretary of Tanger Factory Outlet Centers, Inc. (NYSE: SKT). In his role at RLJ, Mr. Perry will lead the Company's legal department, reporting to President and Chief Executive Officer Leslie D. Hale. “I am thrilled to wel.

RLJ Lodging Trust Announces the Appointment of Chad Perry as Executive Vice President and General Counsel

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that it successfully recast its $600.0 million senior unsecured revolving credit facility (the “Revolver”) and entered into a new $225.0 million senior unsecured term loan (the “Term Loan”). “These transactions underscore our approach to prudently managing our balance sheet by continuing to improve the laddering of our maturities and reducing our floating interest rate exposure in an uncertain environm.

RLJ Lodging Trust Successfully Refinances $600 Million Senior Unsecured Credit Facility and $225 Million of Term Loans

Occupancy rates have stubbornly stayed around 90% of 2019 levels but room rates are still increasing thanks to inflation and remodeling. Leisure travel has moved beyond 2019 levels. Business travel seems to be a drag.

RLJ Lodging Trust: Business Travel Might Be As Good As It Gets

RLJ Lodging Trust (NYSE:RLJ ) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Nikhil Bhalla - Senior Vice President, Finance & Treasurer Leslie Hale - President & Chief Executive Officer Sean Mahoney - Executive Vice President & Chief Financial Officer Tom Bardenett - Chief Operating Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Tyler Batory - Oppenheimer Michael Bellisario - Baird Chris Darling - Green Street Anthony Powell - Barclays Floris van Dijkum - Compass Point Gregory Miller – Truist Operator Welcome to the RLJ Lodging Trust First Quarter 2023 Earnings Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded.

RLJ Lodging Trust (RLJ) Q1 2023 Earnings Call Transcript

RLJ Lodging (RLJ) came out with quarterly funds from operations (FFO) of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to FFO of $0.14 per share a year ago.

RLJ Lodging (RLJ) Q1 FFO and Revenues Beat Estimates

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2023. First Quarter And Year To Date Highlights Portfolio Comparable RevPAR of $136.45, an increase of 27.0% from Q1 2022 and achieved 95% of the comparable period in 2019 Total revenue of $314.5 million Net income of $10.5 million Net income per diluted share attributable to common shareholders of $0.03 Comparable Hotel EBITDA of $90.9 million Adjusted EBITD.

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