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Rlj Lodging Tr - RLJ STOCK NEWS

Welcome to our dedicated page for Rlj Lodging Tr news (Ticker: RLJ), a resource for investors and traders seeking the latest updates and insights on Rlj Lodging Tr stock.

RLJ Lodging Trust (NYSE: RLJ) maintains this dedicated news hub for investors and hospitality industry stakeholders. Access official press releases and curated news coverage about this leading real estate investment trust's premium hotel portfolio, strategic partnerships, and financial performance.

This resource provides timely updates on operational developments, including property acquisitions, brand affiliations, and leadership announcements. Track financial reporting such as quarterly earnings, dividend declarations, and capital allocation strategies specific to RLJ's focused-service hotel operations.

All content is organized chronologically showcase the trust's evolving market position while maintaining strict adherence to factual reporting standards. Users benefit from direct access to primary source materials alongside third-party analysis of RLJ's performance within the competitive hospitality REIT sector.

Bookmark this page for efficient monitoring of RLJ Lodging Trust's corporate trajectory, with new content added as official announcements become available. Cross-reference historical updates with current developments to maintain informed perspectives on this urban-focused hotel investment vehicle.

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RLJ Lodging Trust has acquired the Hotel Teatro in Denver for $35.5 million, expanding its portfolio of lifestyle properties in urban locations. The 110-room boutique hotel, converted from a historic building, is expected to generate a 10% stabilized yield. Located in Denver's CBD, the hotel benefits from its proximity to key attractions and is poised to capitalize on the city's growing economy and tourism sector.

The acquisition price represents a significant discount to recent trades and replacement cost, showcasing RLJ's advantage as an all-cash buyer. The property will be managed by Sage Hospitality Group, the largest hotel operator in Denver. This strategic move aligns with RLJ's focus on high-quality, premium-branded hotels in prime locations that cater to diverse demand segments.

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RLJ Lodging Trust (NYSE: RLJ) reported positive Q2 2024 results, with RevPAR increasing 2.6% to $157.30 compared to last year. The company saw total revenue rise 3.5% to $369.3 million, while net income reached $37.3 million. RLJ acquired Hotel Teatro in Denver for $35.5 million and repurchased 0.3 million shares for $3.1 million. The company also increased its quarterly dividend to $0.15 per share.

Key financial highlights include:

  • Adjusted EBITDA of $109.0 million
  • Adjusted FFO per diluted share of $0.51
  • Total liquidity of $771.1 million as of June 30, 2024

RLJ updated its full-year 2024 outlook, projecting Comparable RevPAR growth of 1.0% to 2.5% and Adjusted FFO per diluted share of $1.45 to $1.58.

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RLJ Lodging Trust (NYSE: RLJ) announced a quarterly cash dividend of $0.10 per common share, payable on July 15, 2024, to shareholders of record as of June 28, 2024. Additionally, the Board declared a quarterly cash dividend of $0.4875 per Series A Preferred Share, payable on July 31, 2024, to shareholders of record as of the same date.

RLJ Lodging Trust specializes in owning premium-branded, high-margin, focused-service, and compact full-service hotels.

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RLJ Lodging Trust (NYSE: RLJ) will release its Q2 2024 financial results after market close on August 1, 2024.

A conference call to discuss the results is scheduled for August 2, 2024, at 10:00 a.m. ET.

The call can be accessed by dialing specific numbers for domestic and international participants.

A replay of the call will be available from August 2 to August 16, 2024, and can be accessed by dialing designated replay numbers.

A live webcast and replay will also be accessible on RLJ Lodging Trust's website.

RLJ Lodging Trust is a publicly traded real estate investment trust focusing on premium-branded, high-margin hotels.

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RLJ Lodging Trust reported strong first-quarter 2024 results, with a 1.0% increase in RevPAR and Adjusted FFO per diluted share of $0.33. The company expanded its conversion pipeline by acquiring Wyndham Boston Beacon Hill. Despite a decrease in net income and comparable hotel EBITDA, the company's total revenue saw a 3.1% increase. RLJ's balance sheet remains strong with $1.0 billion in total liquidity, and the company reaffirmed its annual outlook for 2024.

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RLJ Lodging Trust declares quarterly cash dividends for common shares and Series A Preferred Shares.
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RLJ Lodging Trust (RLJ) will announce its first-quarter financial results on May 1, 2024, followed by a conference call on May 2, 2024, at 10:00 a.m. (Eastern Time). Investors can access the call by dialing (877) 407-3982 or (201) 493-6780 for international participants. A replay will be available until May 16, 2024, and a live webcast can be accessed on the Company's website.
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RLJ Lodging Trust reported strong financial results for the fourth quarter and full year 2023, with increases in RevPAR, total revenue, net income, and adjusted EBITDA. The company executed multiple capital allocation initiatives, including the acquisition of the Wyndham Boston Beacon Hill. The outlook for 2024 shows continued growth and strategic investments.
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RLJ Lodging Trust (RLJ) announced the 2023 tax classification of dividend distributions for common shares and Series A Preferred Shares. The total distribution for common shares is $0.41 per share, with 90% classified as ordinary non-qualifying dividend and 10% as qualifying dividend. For Series A Preferred Shares, the total distribution is $2.4375 per share, with the same 90-10 split. The information is preliminary and subject to correction.
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RLJ Lodging Trust'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. Leslie D. Hale, President and Chief Executive Officer, expressed appreciation for the recognition and attributed the award to 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.
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Rlj Lodging Tr

NYSE:RLJ

RLJ Rankings

RLJ Stock Data

1.08B
146.71M
2.72%
99.55%
8.48%
REIT - Hotel & Motel
Real Estate Investment Trusts
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United States
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