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) announced it will report its financial results for Q1 2023 on May 4, 2023, after market close, followed by a conference call on May 5, 2023, at 10:00 a.m. ET. Investors can dial in approximately 10 minutes early to participate. The company currently operates 96 hotels with about 21,200 rooms across 23 states and the District of Columbia. A replay of the conference call will be available until May 19, 2023, and details will be accessible on their website.
RLJ Lodging Trust (NYSE: RLJ) announced a quarterly cash dividend of $0.08 per common share, payable on April 17, 2023, to shareholders of record on March 31, 2023. Additionally, a cash dividend of $0.4875 was declared for the Series A Preferred Shares, payable on April 28, 2023, to shareholders of record as of March 31, 2023. This reflects the company’s ongoing commitment to returning value to its shareholders.
RLJ Lodging Trust (NYSE: RLJ) reported a robust fourth quarter with a 60% dividend increase to $0.08 per share. The company achieved a portfolio comparable RevPAR of $127.25, with revenues reaching $302.2 million and net income of $0.3 million. Full year revenue totaled $1.2 billion and net income attributable to common shareholders was $16.8 million. Key developments included three new hotel conversions and the acquisition of the 21c Hotel Nashville for $59 million. The company maintained $1.1 billion in liquidity and has no debt maturities until 2024, indicating strong financial health.
LivAway Suites has welcomed Robert M. La Forgia to its ownership group and board, emphasizing growth potential in the extended stay hotel market. La Forgia, a veteran in hospitality with a 26-year history at Hilton Worldwide Holdings (NYSE: HLT), aims to leverage his expertise to enhance LivAway's platform. The brand, designed 'for developers, by developers,' currently has over 25 locations in pre-development across the U.S. Recently, LivAway arranged an $85 million construction debt facility, with groundbreaking for its first Nashville location set for March 2023.
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