Welcome to our dedicated page for RLJ Lodging Trust news (Ticker: RLJ), a resource for investors and traders seeking the latest updates and insights on RLJ Lodging Trust stock.
RLJ Lodging Trust (NYSE: RLJ) is a self-advised, publicly traded real estate investment trust (REIT) specializing in the acquisition of premium-branded, focused-service, and compact full-service hotels. The company boasts a diverse portfolio of 125 properties, encompassing approximately 20,800 rooms situated across 21 states and the District of Columbia. RLJ Lodging Trust's strategic focus is on major urban areas and densely populated markets, catering to a wide range of travelers, including business, leisure, and other segments.
RLJ Lodging Trust's hotel portfolio includes prominent brands such as Marriott, Hilton, and Hyatt, ensuring high standards of service and widespread recognition. These properties are strategically located in key urban centers, dense suburban markets, and bustling business districts, maximizing their appeal to various demand generators.
The company's revenue streams are primarily derived from hotel operations, which include room sales, food and beverage services, and other property-related income. RLJ Lodging Trust has demonstrated financial stability, with a substantial portion of its revenue coming from the operation of these high-performing hotels.
In recent developments, RLJ Lodging Trust continues to expand and optimize its portfolio through strategic acquisitions and partnerships. The company remains committed to enhancing shareholder value by focusing on properties that offer strong growth potential and significant demand drivers. RLJ Lodging Trust's ongoing projects and recent achievements highlight its dedication to maintaining a robust and geographically diverse portfolio that meets the evolving needs of the hospitality industry.
To stay updated on RLJ Lodging Trust's latest performance, events, and developments, visit their news section for the most recent updates.
RLJ Lodging Trust (NYSE: RLJ) announced it is acquiring the newly-built, 186-room Hampton Inn & Suites Atlanta Midtown for $58 million in cash. The Company anticipates an 8.0% to 8.5% NOI yield upon stabilization. This acquisition highlights RLJ's ability to source off-market deals and enhances its portfolio in a high-growth area. The hotel is strategically located near significant developments and is expected to contribute positively to RLJ's revenue per available room (RevPAR) and overall growth profile. The deal is set to close in Q3, subject to customary conditions.
RLJ Lodging Trust (NYSE: RLJ) has shared insights on its ongoing opportunities for value creation. Through high-value conversions and margin expansion, the Company aims to unlock significant returns. Its recent presentation outlines initiatives expected to yield an incremental EBITDA increase of $23 million to $28 million, boosting shareholder value. CEO Leslie D. Hale expressed confidence in the Company's ability to drive growth amid improving lodging fundamentals.
RLJ Lodging Trust (NYSE: RLJ) announced it will report its financial results for Q2 2021 on August 5, 2021, post-market close. A conference call is scheduled for August 6, 2021, at 9:00 a.m. Eastern Time. Investors are encouraged to dial in 10 minutes early for the call, accessible at (877) 407-3982. A replay will be available from noon on August 6 until midnight on August 20. RLJ Lodging Trust primarily owns premium-branded hotels and has noted the potential impacts of COVID-19 on its operations, highlighting increased risks and uncertainties ahead.
RLJ Lodging Trust (NYSE: RLJ) has declared a quarterly cash dividend of $0.01 per common share and $0.4875 on its Series A Preferred Shares. The common share dividend is payable on July 15, 2021 to shareholders of record as of June 30, 2021, while the preferred share dividend is payable on July 30, 2021. As a self-advised, publicly traded REIT, RLJ primarily owns premium-branded hotels, focusing on high-margin, service-oriented properties.
RLJ Lodging Trust (NYSE: RLJ) has announced an upsized offering of $500 million in 3.750% senior secured notes due 2026, increasing from an earlier $400 million plan. These notes will mature on July 1, 2026, with interest paid semi-annually. The proceeds will be used to repay existing debt and for general corporate purposes. The offering is set to close on June 17, 2021, pending standard conditions. The notes will not be registered under the Securities Act and will be offered to qualified institutional buyers.
RLJ Lodging Trust (NYSE:RLJ) announced its intention to offer $400 million in senior secured notes due 2026, guaranteed by the Company and certain subsidiaries. The proceeds will be utilized to reduce existing near-term debts and for general corporate purposes. The offering will be made only to qualified institutional buyers and certain non-U.S. persons, adhering to exemptions under the Securities Act. The Company emphasizes that this announcement does not constitute an offer to sell the securities. Forward-looking statements regarding business expectations and risks are also highlighted.
RLJ Lodging Trust (NYSE: RLJ) reported its Q1 2021 results, noting significant challenges with a total revenue of $119.6 million, down 55% compared to last year. The company experienced a net loss of $79.1 million, a 156.6% increase in losses year-over-year. Despite these challenges, RLJ maintained a strong balance sheet with $648 million in cash and over $1 billion in liquidity. The company achieved a portfolio occupancy rate of 43.0% and saw positive Hotel EBITDA, signaling potential recovery driven by increased lodging demand.
RLJ Lodging Trust (NYSE: RLJ) will report its first quarter financial results for the period ending March 31, 2021, after market close on May 5, 2021. A conference call is scheduled for May 6, 2021, at 10:00 a.m. ET, accessible by calling (877) 407-3982 in the U.S. A replay will be available from 1:00 p.m. ET on May 6 until May 20, 2021. RLJ Lodging Trust owns a portfolio of 101 hotels with approximately 22,400 rooms across 23 states and the District of Columbia, focusing on premium-branded, high-margin hotels.
RLJ Lodging Trust (NYSE: RLJ) has announced a quarterly cash dividend of $0.01 per common share, payable on April 15, 2021, for shareholders of record by March 31, 2021. Additionally, a cash dividend of $0.4875 on Series A Preferred Shares will be paid on April 30, 2021, to shareholders of record by March 31, 2021. The Company owns 101 hotels across 23 states and DC, focusing on premium-branded, high-margin hotels.
RLJ Lodging Trust (NYSE: RLJ) reported substantial financial losses for Q4 and the full year ended December 31, 2020, primarily due to the COVID-19 pandemic. The Company achieved a 34.1% occupancy rate with total revenue of $91.1 million, down 73.8% year-over-year. The net loss for Q4 was $87.9 million, amounting to $0.57 loss per share. For the full year, net losses totaled $408.8 million, marking a 416% increase from the prior year. Despite these challenges, RLJ maintained a strong liquidity position with approximately $900 million in unrestricted cash.
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