RLJ Lodging Trust Price, Forecast, Insider, Ratings, Fundamentals & Signals

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.

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 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.

Bethesda, md.--(business wire)--rlj lodging trust (the “company”) (nyse: rlj) today reported results for the three months and year ended december 31, 2023. fourth quarter highlights portfolio comparable revpar of $133.84 total revenue of $319.7 million net income attributable to common shareholders of $1.7 million net income per diluted share attributable to common shareholders of $0.01 adjusted ebitda of $79.2 million adjusted ffo per diluted common share and unit of $0.34 repurchased 0.9 mill.

Bethesda, md.--(business wire)--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 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 in.

Bethesda, m.d.--(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 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 o.

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.

Instead of targeting a nest egg size, we measure retirement readiness by measuring cash flows. The ideal portfolio is a cash machine that never stops producing for you. We explore two picks with up to 10% yields for a long and healthy retirement.

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's Q4 results showed robust FFO and AFFO performance, with an increase in revenue per available room and occupancy. The company's net interest expenses decreased, resulting in a significant expansion of AFFO per share. RLJ Lodging Trust's 'busted' preferred shares offer an attractive fixed yield of 7.75% and have a strong margin of safety based on the balance sheet.

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of RLJ Lodging (RLJ) and COPT Defense (CDP). But which of these two companies is the best option for those looking for undervalued stocks?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Our Investing Group is a staunch follower of Warren Buffett, in our pursuit for perpetual cash flows backed by a solid moat and inelastic profitability. We accumulate cash-producing assets with intent to hold long-term. Market fears and price volatility give us buying opportunities. “The best thing to do is buy a stock that you don't ever want to sell” – Warren Buffett in 1998.

Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards services like travel and leisure, which bodes well for Hotel REITs. Hotel REITs have posted the fourth-best total returns among REIT sectors in 2024, indicating their potential for future growth.

RLJ Lodging Trust (RLJ) Q4 2023 Earnings Call Transcript

The headline numbers for RLJ Lodging (RLJ) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.