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Rlj Lodging Tr Financials

RLJ
Trailing 12 months to June 30, 2026
Revenue $1.4B +1.1% YoY
Net Income $27.6M -52.3% YoY
EPS (Diluted) -$0.01 -104.8% YoY
Free Cash Flow Not reported for the trailing 12 months
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Rlj Lodging Tr (RLJ) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 1.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI RLJ FY2025

RLJ’s asset-heavy model turns modest accounting profit into much larger operating cash flow, while debt absorbs the spread.

In the latest year, operating cash flow was $244M against only $29M of net income, so the earnings drop did not reflect an equal collapse in cash coming off the asset base. Depreciation at $186M and interest expense at $112M explain much of that gap: a large non-cash charge suppresses profit, then financing costs consume a meaningful share of the cash the assets generate.

The balance sheet has not really been delevered through the recovery; long-term debt stayed near $2.2B while equity fell to $2.17B. That is why debt-to-equity moved back above 1.0x even without a borrowing surge: earnings were too thin to rebuild book value, so the capital structure now does more to limit reported profitability.

Cash ended essentially flat at about $410M, even as dividends paid rose to $91M. That stability suggests payout capacity is being funded more by recurring operating cash than by reported earnings, while the much smaller investing outflow also relieved pressure on cash.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFOGrowth Leverage Interest Cov. AFFOMargin DividendCov. 31 / 100
Financial Health Score 31/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Rlj Lodging Tr's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
36
FFO Growth
24
Leverage
0

Not available for Rlj Lodging Tr, and counted as zero in the overall score.

Interest Cov.
0

Not available for Rlj Lodging Tr, and counted as zero in the overall score.

AFFO Margin
43
Dividend Cov.
83
Piotroski F-Score Partial
5/7

Rlj Lodging Tr passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
8.55x

For every $1 of reported earnings, Rlj Lodging Tr generates $8.55 in operating cash flow ($243.8M OCF vs $28.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.3B
YoY-1.4%
5Y CAGR+23.3%
10Y CAGR+1.7%

Rlj Lodging Tr generated $1.3B in revenue in fiscal year 2025. This represents a decrease of 1.4% from the prior year.

Net Income
$28.5M
YoY-58.1%
10Y CAGR-18.4%

Rlj Lodging Tr reported $28.5M in net income in fiscal year 2025. This represents a decrease of 58.1% from the prior year.

EPS (Diluted)
$0.01

Rlj Lodging Tr earned $0.01 per diluted share (EPS) in fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt
$410.2M
YoY+0.1%
5Y CAGR-14.5%
10Y CAGR+11.8%

Rlj Lodging Tr held $410.2M in cash against $2.2B in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.60

Rlj Lodging Tr paid $0.60 per share in dividends in fiscal year 2025.

Shares Outstanding
152M

Rlj Lodging Tr had 152M shares outstanding in fiscal year 2025.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Net Margin
2.1%
YoY-2.9pp
5Y CAGR+87.6pp
10Y CAGR-17.1pp

Rlj Lodging Tr's net profit margin was 2.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.9 percentage points from the prior year.

Return on Equity
1.3%
YoY-1.7pp
5Y CAGR+16.5pp
10Y CAGR-8.7pp

Rlj Lodging Tr's ROE was 1.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks
$28.6M
YoY+30.0%
5Y CAGR-14.5%
10Y CAGR-18.6%

Rlj Lodging Tr spent $28.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 30.0% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

RLJ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

RLJ quarterly income statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Revenue$383.0M+12.7%$340.0M+3.5%$328.6M-0.4%$330.0M-9.1%$363.1M+10.7%$328.1M-0.6%$330.0M-4.6%$345.7M
SG&A Expenses$13.4M+3.4%$13.0M+7.5%$12.1M+2.5%$11.8M+5.8%$11.1M-11.9%$12.6M-2.6%$13.0M+1.5%$12.8M
Interest Expense$28.1M+1.6%$27.7M-3.1%$28.6M+0.9%$28.3M+1.6%$27.9M+1.2%$27.6M-2.3%$28.2M-1.5%$28.6M
Income Tax$286K+8.3%$264K+51.7%$174K-49.0%$341K+0.6%$339K+15.3%$294K-43.2%$518K+36.7%$379K
Net Income$31.0M+22111.3%-$141K-132.8%$430K+111.5%-$3.7M-113.1%$28.5M+746.3%$3.4M-37.5%$5.4M-73.9%$20.6M
EPS (Diluted)$0.16-$0.050.0%-$0.05+28.6%-$0.07$0.15+850.0%-$0.02-100.0%-$0.01-111.1%$0.09

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

RLJ Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

RLJ quarterly balance sheet
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Total Assets$5.2B+11.5%$4.7B-1.0%$4.7B-1.1%$4.8B-0.6%$4.8B+0.1%$4.8B-1.4%$4.9B-0.1%$4.9B
Cash & Equivalents$937.6M+165.5%$353.1M-13.9%$410.2M+9.4%$374.8M+0.2%$373.9M+7.6%$347.5M-15.2%$409.8M+6.3%$385.4M
Accounts Receivable$30.0M-4.3%$31.4M+5.8%$29.6M-2.4%$30.4M+9.6%$27.7M+0.8%$27.5M+7.9%$25.5M-3.6%$26.4M
Total Liabilities$3.1B+20.9%$2.5B-0.8%$2.6B-1.0%$2.6B+0.1%$2.6B+0.5%$2.6B-0.6%$2.6B+0.5%$2.6B
Long-Term Debt$2.7B+23.0%$2.2B-0.3%$2.2B-1.1%$2.2B+0.1%$2.2B0.0%$2.2B+0.1%$2.2B+0.1%$2.2B
Total Equity$2.2B+0.4%$2.1B-1.2%$2.2B-1.1%$2.2B-1.4%$2.2B-0.3%$2.2B-2.2%$2.3B-0.8%$2.3B
Retained Earnings-$1.2B+0.1%-$1.2B-2.5%-$1.2B-2.5%-$1.1B-3.0%-$1.1B-0.1%-$1.1B-2.4%-$1.1B-2.3%-$1.1B

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities.

RLJ Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

RLJ quarterly cash flow statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Operating Cash Flow$114.6M+337.2%$26.2M-58.3%$62.9M-0.7%$63.3M-37.5%$101.3M+521.6%$16.3M-77.1%$71.0M-11.3%$80.1M
Investing Cash Flow-$8.0M+71.7%-$28.4M-192.4%$30.7M+202.8%-$29.9M+13.4%-$34.5M-45.8%-$23.7M+19.7%-$29.5M-39.0%-$21.2M
Financing Cash Flow$479.3M+1014.2%-$52.4M+5.7%-$55.6M-82.2%-$30.5M+19.8%-$38.0M+29.0%-$53.6M-64.5%-$32.6M+22.0%-$41.8M
Dividends Paid$22.8M-1.7%$23.2M+2.4%$22.7M-0.1%$22.7M-0.4%$22.8M-1.9%$23.2M+0.8%$23.0M+48.4%$15.5M
Share Buybacks$367K-88.3%$3.1M-87.5%$25.0M$0-100.0%$428K-86.3%$3.1M-75.9%$13.0M$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

RLJ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

RLJ quarterly financial ratios
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Net Margin8.1%+8.1pp0.0%-0.2pp0.1%+1.3pp-1.1%-9.0pp7.8%+6.8pp1.0%-0.6pp1.6%-4.3pp6.0%
Return on Equity1.4%+1.4pp0.0%0.0pp0.0%+0.2pp-0.2%-1.5pp1.3%+1.1pp0.1%-0.1pp0.2%-0.7pp0.9%
Return on Assets0.6%+0.6pp0.0%0.0pp0.0%+0.1pp-0.1%-0.7pp0.6%+0.5pp0.1%0.0pp0.1%-0.3pp0.4%
Debt-to-Equity1.25+0.2x1.020.0x1.010.0x1.010.0x1.000.0x0.990.0x0.970.0x0.96

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

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Frequently Asked Questions

What is Rlj Lodging Tr's annual revenue?

Rlj Lodging Tr (RLJ) reported $1.3B in total revenue for fiscal year 2025. This represents a -1.4% 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 declined by 1.4% year-over-year, from $1.4B to $1.3B in fiscal year 2025.

Is Rlj Lodging Tr profitable?

Yes, Rlj Lodging Tr (RLJ) reported a net income of $28.5M in fiscal year 2025, with a net profit margin of 2.1%.

Rlj Lodging Tr (RLJ) reported diluted earnings per share of $0.01 for fiscal year 2025. 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.

As of fiscal year 2025, Rlj Lodging Tr (RLJ) had $410.2M in cash and equivalents against $2.2B in long-term debt.

Rlj Lodging Tr (RLJ) had a net profit margin of 2.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Rlj Lodging Tr (RLJ) paid $0.60 per share in dividends during fiscal year 2025.

Rlj Lodging Tr (RLJ) has a return on equity of 1.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Rlj Lodging Tr (RLJ) generated $243.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Rlj Lodging Tr (RLJ) had $4.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Rlj Lodging Tr (RLJ) spent $28.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Rlj Lodging Tr (RLJ) had 152M shares outstanding as of fiscal year 2025.

Rlj Lodging Tr (RLJ) had a debt-to-equity ratio of 1.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Rlj Lodging Tr (RLJ) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Rlj Lodging Tr (RLJ) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Rlj Lodging Tr (RLJ) has an earnings quality ratio of 8.55x, 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.

Rlj Lodging Tr (RLJ) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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