RLJ Lodging Trust - RLJ STOCK NEWS

RLJ Lodging Trust (NYSE: RLJ) will announce its financial results for Q4 and full year ended December 31, 2022, on February 27, 2023, after market close. The conference call is scheduled for February 28, 2023, at 10:00 a.m. ET, accessible via dialing (877) 407-3982 for domestic or (201) 493-6780 for international participants. A replay of the call will be available from 1:00 p.m. ET on February 28 until midnight on March 14. RLJ Lodging Trust operates 96 hotels with approximately 21,200 rooms across 23 states and the District of Columbia, focusing on premium-branded, high-margin properties.

RLJ Lodging Trust (NYSE: RLJ) announced a quarterly cash dividend of $0.05 per common share, payable on January 17, 2023, to shareholders of record as of December 31, 2022. Additionally, a dividend of $0.4875 per Series A Preferred Share will be paid on January 31, 2023, also to shareholders of record by December 31, 2022. This move signifies the company's commitment to returning value to its investors through regular dividend payouts.

RLJ Lodging Trust (RLJ) announced Q3 results with pro forma RevPAR of $137.09, 94.5% of 2019 levels, and total revenue of $318.1 million, a significant rise from the prior year. The company recorded net income of $11.3 million and has been active in share repurchases, acquiring 0.7 million shares for $7.1 million. Two hotel conversions were completed, enhancing its Curio Collection by Hilton. Despite positive recovery trends in urban markets, the company refrained from issuing future guidance due to uncertainties.

RLJ Lodging Trust (NYSE: RLJ) will announce its financial results for the third quarter of 2022 after market close on November 2, 2022. A conference call is scheduled for November 3, 2022, at 12:00 p.m. ET. Participants should dial in 10 minutes early. The conference call can be accessed by calling (877) 407-3982 (or (201) 493-6780 internationally). A replay will be available until November 17, 2022. RLJ Lodging Trust operates 96 hotels with around 21,200 rooms across 23 states and the District of Columbia, primarily in the premium-branded, focused-service sector.

RLJ Lodging Trust (NYSE: RLJ) has declared a quarterly cash dividend of $0.05 per common share, payable on October 17, 2022, to shareholders of record as of September 30, 2022. Additionally, a quarterly cash dividend of $0.4875 on the Series A Preferred Shares will be paid on October 31, 2022, to shareholders of record as of September 30, 2022. This announcement reflects the company's commitment to providing returns to shareholders amid ongoing economic uncertainties and the impacts of the COVID-19 pandemic.

RLJ Lodging Trust has announced the relaunch of Zachari Dunes on Mandalay Beach in Oxnard, California, on October 1, 2022. This 250-suite lifestyle resort, now part of the Curio Collection by Hilton, underwent a significant renovation and transformation. The property features ocean-facing suites, enhanced public spaces, and new dining options, designed to appeal to a diverse range of travelers. With its prime beachfront location and extensive meeting facilities, RLJ anticipates strong leisure and group demand, aiming to exceed a +40% internal rate of return on this investment.

RLJ Lodging Trust announced the relaunch of the Mills House Hotel on October 1, 2022, after a complete transformation into a lifestyle hotel under the Curio Collection by Hilton. The renovation includes redesigned guest rooms, premium suites, and new dining options such as The Black Door Café and The Iron Rose. CEO Leslie D. Hale highlighted the project's potential to capture a growing lifestyle segment and outperform initial IRR expectations. The hotel's central Charleston location enhances its appeal, aiming to attract leisure travelers drawn to its historic charm and modern offerings.

RLJ Lodging Trust (NYSE: RLJ) reported strong Q2 2022 results with a pro forma RevPAR of $146.05, marking a 36% increase from Q1, achieving 92% of 2019 levels. Total revenue reached $330.5 million, and net income attributed to common shareholders was $26.7 million. The company raised its quarterly dividend to $0.05, successfully exited covenant waivers, and completed the acquisition of a boutique hotel in Nashville for $59 million. With approximately $1.1 billion in liquidity, RLJ maintains a robust financial footing, bolstered by a $50 million share repurchase program.