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) is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, rooms-oriented, high-margin hotels. Its portfolio consists mainly of focused-service and compact full-service properties that are urban-centric and located within the heart of demand locations. These hotels are geographically diverse, concentrated in major urban markets, and draw demand from business, leisure, and other travelers.
This news page aggregates coverage of RLJ Lodging Trust’s key corporate developments and financial updates. Readers can follow the company’s regular earnings announcements, where RLJ Lodging Trust reports metrics such as RevPAR, ADR, occupancy, Hotel EBITDA, Adjusted EBITDA, FFO, and Adjusted FFO, along with commentary on portfolio performance, renovations, and broader operating conditions. The company also issues press releases about quarterly dividends on its common shares and Series A Preferred Shares, reflecting its REIT structure and distribution practices.
In addition to financial results and dividend declarations, RLJ Lodging Trust’s news flow includes information on capital allocation, such as share repurchases, refinancing of term loans, and extensions of mortgage loan maturities, as disclosed in its earnings materials and related communications. Corporate governance and leadership updates, including the appointment of senior executives and related employment agreements, are reported through press releases and Form 8-K filings.
External reports have also referenced RLJ Lodging Trust in connection with labor actions at certain hotels it owns that are operated by third-party management companies, highlighting workforce-related developments that can affect hotel operations. By following this page, investors and observers can review a consolidated stream of RLJ Lodging Trust news, ranging from quarterly financial reporting and balance sheet actions to dividends, governance updates, and notable operational events across its hotel portfolio.
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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.