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.
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.
RLJ Lodging Trust (NYSE:RLJ) announced the 2020 tax classification for dividends paid on its common and Series A Preferred Shares. The Company declared total distributions per share of $0.3600 for common stock and $1.9500 for Series A Preferred Stock, with payment dates ranging from January to October 2020. The classification details are provided for shareholders to assist in their tax reporting. Investors should consult their tax advisors for personalized advice on tax treatment.
RLJ Lodging Trust (NYSE: RLJ) will release its fourth quarter and full year 2020 financial results on February 25, 2021, after market close. A conference call is scheduled for February 26, 2021, at 11:00 a.m. (ET). Investors can join by dialing (877) 407-3982 for domestic calls or (201) 493-6780 for international calls. A replay will be available post-call until March 12, 2021. The call and webcast can also be accessed through the Company’s website for those unable to participate live.
RLJ Lodging Trust (NYSE: RLJ) has announced a $0.01 quarterly cash dividend per common share, payable on January 15, 2021, to shareholders of record by December 31, 2020. Additionally, a dividend of $0.4875 on Series A Preferred Shares will be paid on January 29, 2021, to the same record shareholders. The company primarily invests in premium-branded, high-margin hotels and is navigating challenges posed by the COVID-19 pandemic while discussing potential impacts on business operations in its forward-looking statements.
