RLJ Lodging Trust

Listed Company

RLJCIK 0001511337NYSELarge AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$1.35B

Net Income

$28.51M

Total Assets

$4.74B

Equity

$2.17B

Shares Out

151.93M

Op. Cash Flow

$243.80M

RLJ$11.92+58.51% · past yearDBEQ Basic

Daily closing prices

Business

RLJ Lodging Trust is a self-advised REIT that owns premium-branded hotel properties across 23 states and the District of Columbia, operating under leading brands including Marriott, Hilton, Hyatt, and Wyndham. The company leases its hotel properties to wholly-owned taxable REIT subsidiaries, which engage independent third-party managers to operate the hotels. RLJ pursues proactive asset management, acquiring hotels at prices supporting attractive returns and selectively disposing of properties to recycle capital.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	1,350	1,369	1,326	1,194	786
Total property operating expenses	888	878	835	744	512
Depreciation and amortization	186	179	179	185	188
Property tax, insurance and other	101	107	100	87	89
General and administrative	48	55	59	56	48
Transaction costs	410,000	320,000	223,000	−345,000	94,000
Total operating expenses	1,223	1,220	1,173	1,072	981
Other income, net	3	5	4	9	−8
Interest income	14	17	20	5	996,000
Interest expense	−112	−111	−99	−93	−106
(Loss) gain on sale of hotel properties, net	−2	8	−34,000	1	−2
Loss on extinguishment of indebtedness, net	−47,000	−129,000	−169,000	−39,000	893,000
Income before equity in (loss) income from unconsolidated joint ventures	30	69	77	43	−309
Equity in (loss) income from unconsolidated joint ventures	−100,000	459,000	419,000	457,000	−477,000
Income before income tax expense	30	70	78	44	−310
Income tax expense	−1	−2	−1	−2	−1
Net income	29	68	77	42	−311
Noncontrolling interest in consolidated joint ventures	−30,000	45,000	35,000	−210,000	4
Noncontrolling interest in the Operating Partnership	−15,000	−215,000	−247,000	−80,000	2
Net income attributable to RLJ	29	68	76	42	−305
Preferred dividends	−25	−25	−25	−25	−25
Net income attributable to common shareholders	3	43	51	17	−330
Net income per share attributable to common shareholders - basic (in dollars per share)	0.01	0.27	0.32	0.1	−2.01
Weighted-average number of common shares (in shares)	150	153	156	162	164
Net income per share attributable to common shareholders - diluted (in dollars per share)	0.01	0.27	0.32	0.1	−2.01
Weighted-average number of common shares (in shares)	150	153	157	162	164
Unrealized loss on interest rate derivatives	−12	−9	−18	64	41
Comprehensive income	17	59	59	100	−259
Comprehensive income attributable to RLJ	17	59	58	100	−253

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Investment in hotel properties, net	4,112	4,251	4,136	4,180	4,219
Investment in unconsolidated joint ventures	7	7	7	7	7
Cash and cash equivalents	410	410	517	481	665
Restricted cash reserves	32	24	39	55	49
Accounts Receivable, after Allowance for Credit Loss	30	25	26	39	31
Lease right-of-use assets	124	128	136	137	145
Prepaid expense and other assets	27	39	58	79	33
Total assets	4,742	4,884	4,919	4,978	5,149
Debt, net	2,197	2,220	2,221	2,218	2,409
Accounts payable and other liabilities	142	155	148	156	155
Advance deposits and deferred revenue	51	40	32	24	20
Lease liabilities	118	119	123	117	123
Accrued interest	21	21	23	21	19
Distributions payable	31	31	23	15	8
Total liabilities	2,559	2,586	2,569	2,550	2,735
Commitments and Contingencies (Note 10)	—	—	—	—	—
Series A Cumulative Convertible Preferred Shares, $0.01 par value, 12,950,000 shares authorized; 12,879,475 shares issued and outstanding, liquidation value of $328,266, at December 31, 2025 and 2024	367	367	367	367	367
Common Stock, Value, Issued	2	2	2	2	2
Additional paid-in capital	2,978	2,992	3,001	3,055	3,093
Accumulated other comprehensive income	2	14	23	41	−17
Distributions in excess of net earnings	−1,178	−1,090	−1,055	−1,049	−1,047
Total shareholders equity	2,170	2,285	2,337	2,415	2,398
Noncontrolling interest in consolidated joint ventures	7	8	8	8	10
Noncontrolling interest in the Operating Partnership	6	6	6	6	6
Total noncontrolling interest	13	14	14	14	16
Total equity	2,183	2,298	2,351	2,429	2,414
Total liabilities and equity	4,742	4,884	4,919	4,978	5,149

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loss (gain) on sale of hotel properties, net	2	−8	34,000	−1	2
Depreciation and amortization	186	179	179	185	188
Amortization of deferred financing costs	8	7	6	6	6
Non-cash lease expense and other amortization	4	6	5	3	−2
Distributions of income from unconsolidated joint venture	0	400,000	0	0	0
Amortization of share-based compensation	15	21	24	22	17
Hotel and other receivables, net	−4	651,000	12	−8	−18
Prepaid expense and other assets	−849,000	4	13	−5	−1
Accounts payable and other liabilities	−5	2	−11	13	7
Advance deposits and deferred revenue	11	8	9	3	−13
Accrued interest	−368,000	−2	2	2	13
Net cash flow provided by operating activities	244	285	315	257	43
Acquisitions, net	0	−159	0	−59	−175
Proceeds from sales of hotel properties, net	69	20	0	48	199
Purchase deposit	0	0	−2	0	0
Improvements and additions to hotel properties and other assets	−126	−136	−132	−124	−48
Net cash flow used in investing activities	−57	−276	−135	−136	−25
Repayments of Revolver	−100	−100	0	−200	−200
Borrowings on Term Loans	100	500	320	5	0
Repayments of Term Loans	0	−400	−319	0	−356
Repayments of mortgage loans	−26	−200	0	0	−149
Repurchase of common shares under share repurchase programs	−29	−22	−76	−58	0
Repurchase of common shares to satisfy employee tax withholding requirements	−4	−9	−4	−4	−3
Distributions on preferred shares	−25	−25	−25	−25	−25
Distributions on common shares	−91	−70	−49	−13	−7
Distributions on Operating Partnership units	−449,000	−340,000	−225,000	−54,000	−18,000
Payments of deferred financing costs	−2	−5	−8	−1	−15
Distribution to consolidated joint venture partner	181,000	0	0	3	0
Borrowings under Revolver	0	200	0	0	0
Net cash flow used in financing activities	−178	−132	−161	−298	−239
Net change in cash, cash equivalents, and restricted cash reserves	9	−122	19	−177	−221

Filings

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Frequently asked questions

What is RLJ Lodging Trust's CIK number?

RLJ Lodging Trust's SEC CIK number is 0001511337 (1511337). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find RLJ Lodging Trust's SEC filings?

All of RLJ Lodging Trust's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did RLJ Lodging Trust last report earnings?

RLJ Lodging Trust (RLJ) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001511337-26-000010). This is RLJ Lodging Trust's most recent earnings filing of record — not a forecast of its next earnings date.

What is RLJ Lodging Trust's most recent earnings 8-K?

RLJ Lodging Trust's latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001511337-26-000010. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View RLJ Lodging Trust's latest earnings 8-K →
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