NYSE:RLJ

RLJ Lodging Trust Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
REIT, Lodging, Commercial Building & Real Estate, Construction & Property, Travel, FFO, RLJ, RevPAR, Adjustment, ROI, Comparable, Growth, Total revenue

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2024.

Key Points: 
  • RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2024.
  • “Our outperformance relative to the industry continues to underscore the strong positioning of our urban-centric portfolio which is benefiting from steady improvement in business transient demand and increasing international travel, in addition to solid group and healthy urban leisure.
  • Explanations of EBITDA, EBITDAre, Adjusted EBITDA, Hotel EBITDA, Hotel EBITDA Margin, FFO, and Adjusted FFO, as well as reconciliations of those measures to net income or loss, if applicable, are included within this release.
  • For the three months ended March 31,

RLJ Lodging Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates

Retrieved on: 
Tuesday, March 12, 2024
REIT, Lodging, Commercial Building & Real Estate, Construction & Property, Travel, Webcast, RLJ, Eastern Time Zone

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the first quarter ended March 31, 2024, after the markets close on May 1, 2024.

Key Points: 
  • RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the first quarter ended March 31, 2024, after the markets close on May 1, 2024.
  • The Company will also host a conference call on May 2, 2024, at 10:00 a.m. (Eastern Time).
  • The conference call can be accessed by dialing (877) 407-3982 or (201) 493-6780 for international participants and requesting RLJ Lodging Trust’s first quarter earnings conference call.
  • A replay of the call will be available from 1:00 p.m. (Eastern Time) on May 2, 2024, until 11:59 p.m. (Eastern Time) on May 16, 2024.

RLJ Lodging Trust Announces Dividends for First Quarter of 2024

Retrieved on: 
Friday, March 15, 2024
Other Construction & Property, Commercial Building & Real Estate, Lodging, Construction & Property, REIT, Travel, Trustee, RLJ, Holding company

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.

Key Points: 
  • 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 April 15, 2024, to shareholders of record as of March 29, 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 April 30, 2024, to shareholders of record as of March 29, 2024.

RLJ Lodging Trust Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
REIT, Lodging, Commercial Building & Real Estate, Construction & Property, Travel, FFO, RLJ, RevPAR, Adjustment

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months and year ended December 31, 2023.

Key Points: 
  • RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months and year ended December 31, 2023.
  • Our strong execution has positioned us to maintain our momentum in 2024 and beyond, supported by continued strength of Urban leisure, ongoing improvement in business travel, and robust group bookings."
  • The prefix “comparable” as defined by the Company, denotes operating results which include results for periods prior to its ownership and excludes sold hotels.
  • Explanations of EBITDA, EBITDAre, Adjusted EBITDA, Hotel EBITDA, Hotel EBITDA Margin, FFO, and Adjusted FFO, as well as reconciliations of those measures to net income or loss, if applicable, are included within this release.

RLJ Lodging Trust Announces Tax Treatment of 2023 Dividends

Retrieved on: 
Wednesday, January 31, 2024
REIT, Lodging, Commercial Building & Real Estate, Construction & Property, Travel, Classification, RLJ, Income tax

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2023 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares during the year ended December 31, 2023.

Key Points: 
  • RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2023 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares during the year ended December 31, 2023.
  • The income tax classification as expected to be reported on Form 1099-DIV is as follows:

RLJ Lodging Trust’s Zachari Dunes on Mandalay Beach Hotel Named ‘Best New Hotel’ for 2023

Retrieved on: 
Tuesday, January 16, 2024
Vacation, Consumer, Other Construction & Property, Lodging, Commercial Building & Real Estate, Destinations, Construction & Property, Travel, Publishing, Other Consumer, Communications, REIT, RLJ, USA Today

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) is pleased to announce that the Company’s Zachari Dunes on Mandalay Beach, Curio Collection by Hilton hotel has been named the ‘ Best New Hotel Across the US ’ for 2023 by USA Today.

Key Points: 
  • RLJ Lodging Trust (the “Company”) (NYSE: RLJ) is pleased to announce that the Company’s Zachari Dunes on Mandalay Beach, Curio Collection by Hilton hotel has been named the ‘ Best New Hotel Across the US ’ for 2023 by USA Today.
  • The 250-room, all-suite lifestyle resort underwent a transformative renovation and repositioning in 2022.
  • “We are appreciative of USA Today and its readers for recognizing Zachari Dunes as the Best New Hotel Across the US in 2023,” commented Leslie D. Hale, President and Chief Executive Officer.
  • “This award is an endorsement of the RLJ team’s ability to identify and unlock the deep value embedded in its portfolio and the incredible potential of this iconic oceanfront hotel.”

RLJ Lodging Trust Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Dates

Retrieved on: 
Friday, January 12, 2024
Construction & Property, Lodging, REIT, Travel, RLJ, Eastern Time Zone, Webcast

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the fourth quarter and full year ended December 31, 2023, after the markets close on February 26, 2024.

Key Points: 
  • RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the fourth quarter and full year ended December 31, 2023, after the markets close on February 26, 2024.
  • The Company will also host a conference call on February 27, 2024 at 10:00 a.m. (Eastern Time).
  • The conference call can be accessed by dialing (877) 407-3982 or (201) 493-6780 for international participants and requesting RLJ Lodging Trust’s third quarter earnings conference call.
  • A live webcast of the conference call will also be available online at the Company’s website, http://www.rljlodgingtrust.com .

RLJ Lodging Trust Announces Dividends for Fourth Quarter of 2023

Retrieved on: 
Friday, December 15, 2023
Construction & Property, Lodging, REIT, Travel, NYSE, Trustee, RLJ, Holding company

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.

Key Points: 
  • 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 January 16, 2024, to shareholders of record as of December 29, 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 January 31, 2024, to shareholders of record as of December 29, 2023.

RLJ Lodging Trust Provides Update on its Embedded Value Creation Initiatives

Retrieved on: 
Monday, November 13, 2023
REIT, Lodging, Commercial Building & Real Estate, Construction & Property, Travel, RLJ, NYSE, Property management

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.

Key Points: 

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.

RLJ Lodging Trust Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
REIT, Lodging, Commercial Building & Real Estate, Construction & Property, Travel, ADR, Comparable, American Skiing Company, Trustee, RevPAR, Tourism, Holding company, Occupancy

Comparable Hotel EBITDA for the nine months ended September 30, 2023 and 2022 excludes $0.5 million net income from sold hotels.

Key Points: 
  • Comparable Hotel EBITDA for the nine months ended September 30, 2023 and 2022 excludes $0.5 million net income from sold hotels.
  • As of November 1, 2023, the 2023 Share Repurchase Program had a remaining capacity of $219.9 million.
  • The dividend was paid on October 16, 2023 to shareholders of record as of September 29, 2023.
  • Based on current trends and assuming no material disruptions to travel or worsening macro-economic conditions, the Company's fourth quarter 2023 outlook is as follows: