Rlj Lodging Tr Financials

RLJ

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

5/9

Rlj Lodging Tr passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

4.20x

For every $1 of reported earnings, Rlj Lodging Tr generates $4.20 in operating cash flow ($285.4M OCF vs $68.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Rlj Lodging Tr (RLJ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$1.4B

YoY+3.3%

5Y CAGR-2.6%

10Y CAGR+2.1%

Rlj Lodging Tr generated $1.4B in revenue in fiscal year 2024. This represents an increase of 3.3% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$68.0M

YoY-11.0%

5Y CAGR-11.9%

10Y CAGR-6.7%

Rlj Lodging Tr reported $68.0M in net income in fiscal year 2024. This represents a decrease of 11.0% from the prior year.

EPS (Diluted)

$0.27

YoY-15.6%

5Y CAGR-14.5%

10Y CAGR-12.7%

Rlj Lodging Tr earned $0.27 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 15.6% from the prior year.

Cash & Debt

$409.8M

YoY-20.7%

5Y CAGR-14.2%

10Y CAGR+4.6%

Rlj Lodging Tr held $409.8M in cash against $2.2B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.50

YoY+38.9%

5Y CAGR-17.6%

Rlj Lodging Tr paid $0.50 per share in dividends in fiscal year 2024. This represents an increase of 38.9% from the prior year.

Shares Outstanding

153M

YoY-1.3%

5Y CAGR-2.5%

10Y CAGR+1.5%

Rlj Lodging Tr had 153M shares outstanding in fiscal year 2024. This represents a decrease of 1.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

5.0%

YoY-0.8pp

5Y CAGR-3.2pp

10Y CAGR-7.3pp

Rlj Lodging Tr's net profit margin was 5.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.

Return on Equity

3.0%

YoY-0.3pp

5Y CAGR-1.0pp

10Y CAGR-2.8pp

Rlj Lodging Tr's ROE was 3.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$22.0M

YoY-71.0%

5Y CAGR-22.3%

Rlj Lodging Tr spent $22.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 71.0% from the prior year.

Capital Expenditures

N/A

RLJ Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.4B+3.3%	$1.3B+11.1%	$1.2B+51.9%	$785.7M+66.1%	$473.1M-69.8%	$1.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$54.8M-7.1%	$59.0M+4.7%	$56.3M+18.5%	$47.5M+15.5%	$41.1M-9.1%	$45.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$111.4M+12.7%	$98.8M+6.1%	$93.2M-12.4%	$106.4M+6.2%	$100.2M+9.7%	$91.3M
Income Tax	$1.6M+27.3%	$1.3M-17.3%	$1.5M+27.8%	$1.2M-97.7%	$52.0M+1485.5%	-$3.8M
Net Income	$68.0M-11.0%	$76.4M+82.2%	$41.9M+113.7%	-$305.2M+24.5%	-$404.4M-416.4%	$127.8M
EPS (Diluted)	$0.27-15.6%	$0.32+220.0%	$0.10+105.0%	$-2.01+23.0%	$-2.61-542.4%	$0.59

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$330.0M-9.1%	$363.1M+10.7%	$328.1M-0.6%	$330.0M-10.6%	$369.3M+13.8%	$324.4M+1.5%	$319.7M-4.4%	$334.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11.8M+5.8%	$11.1M-11.9%	$12.6M-2.6%	$13.0M-6.9%	$13.9M-7.7%	$15.1M-5.4%	$16.0M+8.3%	$14.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$28.3M+1.6%	$27.9M+1.2%	$27.6M-2.3%	$28.2M+0.6%	$28.0M+6.0%	$26.5M+4.6%	$25.3M+1.9%	$24.8M
Income Tax	$341K+0.6%	$339K+15.3%	$294K-43.2%	$518K+31.8%	$393K+27.2%	$309K+35.5%	$228K-31.3%	$332K
Net Income	-$3.7M-113.1%	$28.5M+746.3%	$3.4M-37.5%	$5.4M-85.5%	$37.1M+651.6%	$4.9M-37.8%	$7.9M-51.7%	$16.4M
EPS (Diluted)	$-0.07-146.7%	$0.15+850.0%	$-0.02-100.0%	$-0.01-105.0%	$0.20+2100.0%	$-0.01-200.0%	$0.01-83.3%	$0.06

RLJ Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$4.9B-0.7%	$4.9B-1.2%	$5.0B-3.3%	$5.1B-8.3%	$5.6B-4.0%	$5.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$409.8M-20.7%	$516.7M+7.3%	$481.3M-27.7%	$665.3M-26.1%	$899.8M+2.0%	$882.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$25.5M-2.6%	$26.2M-32.1%	$38.5M+23.9%	$31.1M+133.0%	$13.3M-66.4%	$39.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.6B+0.7%	$2.6B+0.7%	$2.5B-6.8%	$2.7B-6.6%	$2.9B+11.6%	$2.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.2B0.0%	$2.2B+0.1%	$2.2B-8.0%	$2.4B-6.9%	$2.6B+17.9%	$2.2B
Total Equity	$2.3B-2.2%	$2.3B-3.2%	$2.4B+0.7%	$2.4B-10.1%	$2.7B-16.7%	$3.2B
Retained Earnings	-$1.1B-3.3%	-$1.1B-0.5%	-$1.0B-0.3%	-$1.0B-47.4%	-$710.2M-158.5%	-$274.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$4.8B-0.6%	$4.8B+0.1%	$4.8B-1.4%	$4.9B-0.7%	$4.9B+0.6%	$4.9B-0.6%	$4.9B-0.4%	$4.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$374.8M+0.2%	$373.9M+7.6%	$347.5M-15.2%	$409.8M+10.4%	$371.1M+6.0%	$350.2M-32.2%	$516.7M+4.5%	$494.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$30.4M+9.6%	$27.7M+0.8%	$27.5M+7.9%	$25.5M-17.5%	$30.9M+15.6%	$26.8M+2.3%	$26.2M-45.5%	$48.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.6B+0.1%	$2.6B+0.5%	$2.6B-0.6%	$2.6B+0.6%	$2.6B+0.7%	$2.6B-0.6%	$2.6B+0.5%	$2.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.2B+0.1%	$2.2B0.0%	$2.2B+0.1%	$2.2B-0.1%	$2.2B0.0%	$2.2B0.0%	$2.2B0.0%	$2.2B
Total Equity	$2.2B-1.4%	$2.2B-0.3%	$2.2B-2.2%	$2.3B-2.1%	$2.3B+0.4%	$2.3B-0.6%	$2.3B-1.4%	$2.4B
Retained Earnings	-$1.1B-3.0%	-$1.1B-0.1%	-$1.1B-2.4%	-$1.1B-3.1%	-$1.1B+1.4%	-$1.1B-1.6%	-$1.1B-1.3%	-$1.0B

RLJ Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$285.4M-9.4%	$315.1M+22.9%	$256.5M+497.1%	$43.0M+125.5%	-$168.7M-142.5%	$397.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$275.7M-104.6%	-$134.7M+0.6%	-$135.5M-450.3%	-$24.6M+63.1%	-$66.7M-112.6%	$530.4M
Financing Cash Flow	-$131.7M+18.4%	-$161.5M+45.9%	-$298.5M-24.8%	-$239.3M-198.4%	$243.0M+163.1%	-$385.4M
Dividends Paid	$69.8M+41.9%	$49.2M+270.2%	$13.3M+98.3%	$6.7M-89.0%	$61.0M-73.3%	$228.3M
Share Buybacks	$22.0M-71.0%	$76.0M+31.8%	$57.6M	$0-100.0%	$62.6M-19.6%	$77.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$63.3M-37.5%	$101.3M+521.6%	$16.3M-77.1%	$71.0M-37.4%	$113.5M+446.7%	$20.8M-76.7%	$89.0M-0.1%	$89.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$29.9M+13.4%	-$34.5M-45.8%	-$23.7M+19.7%	-$29.5M+56.0%	-$67.1M+57.5%	-$158.0M-382.5%	-$32.7M+9.5%	-$36.2M
Financing Cash Flow	-$30.5M+19.8%	-$38.0M+29.0%	-$53.6M-64.5%	-$32.6M-7.8%	-$30.2M-11.2%	-$27.2M+13.1%	-$31.3M+7.6%	-$33.8M
Dividends Paid	$22.7M-0.4%	$22.8M-1.9%	$23.2M+0.8%	$23.0M+46.7%	$15.7M+1.2%	$15.5M-0.6%	$15.6M+23.8%	$12.6M
Share Buybacks	$0-100.0%	$428K-86.3%	$3.1M-75.9%	$13.0M+160.6%	$5.0M+23.6%	$4.0M-94.4%	$71.6M	$0

RLJ Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.0%-0.8pp	5.8%+2.3pp	3.5%+42.4pp	-38.8%+46.6pp	-85.5%-93.7pp	8.2%
Return on Equity	3.0%-0.3pp	3.3%+1.5pp	1.7%	N/A	N/A	4.0%
Return on Assets	1.4%-0.2pp	1.6%+0.7pp	0.8%+6.8pp	-5.9%+1.3pp	-7.2%-9.4pp	2.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.97+0.0	0.95+0.0	0.92-0.1	1.00+0.0	0.97+0.3	0.69
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-1.1%-9.0pp	7.8%+6.8pp	1.0%-0.6pp	1.6%-8.4pp	10.1%+8.5pp	1.5%-1.0pp	2.5%-2.4pp	4.9%
Return on Equity	N/A	1.3%+1.1pp	0.1%-0.1pp	0.2%-1.4pp	1.6%+1.4pp	0.2%-0.1pp	0.3%-0.4pp	0.7%
Return on Assets	-0.1%-0.7pp	0.6%+0.5pp	0.1%-0.0pp	0.1%-0.6pp	0.8%+0.7pp	0.1%-0.1pp	0.2%-0.2pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.01+0.0	1.000.0	0.99+0.0	0.97+0.0	0.950.0	0.960.0	0.95+0.0	0.94
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Rlj Lodging Tr's annual revenue?

Rlj Lodging Tr (RLJ) reported $1.4B in total revenue for fiscal year 2024. This represents a 3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Rlj Lodging Tr's revenue growing?

Rlj Lodging Tr (RLJ) revenue grew by 3.3% year-over-year, from $1.3B to $1.4B in fiscal year 2024.

Is Rlj Lodging Tr profitable?

Yes, Rlj Lodging Tr (RLJ) reported a net income of $68.0M in fiscal year 2024, with a net profit margin of 5.0%.

What is Rlj Lodging Tr's earnings per share (EPS)?

Rlj Lodging Tr (RLJ) reported diluted earnings per share of $0.27 for fiscal year 2024. This represents a -15.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Rlj Lodging Tr have?

As of fiscal year 2024, Rlj Lodging Tr (RLJ) had $409.8M in cash and equivalents against $2.2B in long-term debt.

What is Rlj Lodging Tr's net profit margin?

Rlj Lodging Tr (RLJ) had a net profit margin of 5.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Rlj Lodging Tr pay dividends?

Yes, Rlj Lodging Tr (RLJ) paid $0.50 per share in dividends during fiscal year 2024.

What is Rlj Lodging Tr's return on equity (ROE)?

Rlj Lodging Tr (RLJ) has a return on equity of 3.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Rlj Lodging Tr's operating cash flow?

Rlj Lodging Tr (RLJ) generated $285.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Rlj Lodging Tr's total assets?

Rlj Lodging Tr (RLJ) had $4.9B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Rlj Lodging Tr buy back shares?

Yes, Rlj Lodging Tr (RLJ) spent $22.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Rlj Lodging Tr have outstanding?

Rlj Lodging Tr (RLJ) had 153M shares outstanding as of fiscal year 2024.

What is Rlj Lodging Tr's debt-to-equity ratio?

Rlj Lodging Tr (RLJ) had a debt-to-equity ratio of 0.97 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Rlj Lodging Tr's return on assets (ROA)?

Rlj Lodging Tr (RLJ) had a return on assets of 1.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Rlj Lodging Tr's Piotroski F-Score?

Rlj Lodging Tr (RLJ) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Rlj Lodging Tr's earnings high quality?

Rlj Lodging Tr (RLJ) has an earnings quality ratio of 4.20x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.