Rlj Lodging Tr Stock Price, News & Analysis

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.

RLJ Lodging Trust announced the 2022 tax classification of dividend distributions for common and Series A preferred share holders. Total distribution per common share for 2022 is $0.0800, with all being ordinary non-qualifying dividends. For Series A preferred shares, the total distribution per share is $1.9500, also comprising only ordinary non-qualifying dividends. Payments for these dividends were made on various dates in 2022, with record dates including December 31, 2021, and payment dates ranging from January 18, 2022, to October 31, 2022. Shareholders are advised to consult tax advisors regarding specific tax treatments.

RLJ Lodging Trust (NYSE: RLJ) will announce its financial results for Q4 and full year ended December 31, 2022, on February 27, 2023, after market close. The conference call is scheduled for February 28, 2023, at 10:00 a.m. ET, accessible via dialing (877) 407-3982 for domestic or (201) 493-6780 for international participants. A replay of the call will be available from 1:00 p.m. ET on February 28 until midnight on March 14. RLJ Lodging Trust operates 96 hotels with approximately 21,200 rooms across 23 states and the District of Columbia, focusing on premium-branded, high-margin properties.

RLJ Lodging Trust (NYSE: RLJ) announced a quarterly cash dividend of $0.05 per common share, payable on January 17, 2023, to shareholders of record as of December 31, 2022. Additionally, a dividend of $0.4875 per Series A Preferred Share will be paid on January 31, 2023, also to shareholders of record by December 31, 2022. This move signifies the company's commitment to returning value to its investors through regular dividend payouts.

RLJ Lodging Trust (RLJ) announced Q3 results with pro forma RevPAR of $137.09, 94.5% of 2019 levels, and total revenue of $318.1 million, a significant rise from the prior year. The company recorded net income of $11.3 million and has been active in share repurchases, acquiring 0.7 million shares for $7.1 million. Two hotel conversions were completed, enhancing its Curio Collection by Hilton. Despite positive recovery trends in urban markets, the company refrained from issuing future guidance due to uncertainties.

RLJ Lodging Trust (NYSE: RLJ) will announce its financial results for the third quarter of 2022 after market close on November 2, 2022. A conference call is scheduled for November 3, 2022, at 12:00 p.m. ET. Participants should dial in 10 minutes early. The conference call can be accessed by calling (877) 407-3982 (or (201) 493-6780 internationally). A replay will be available until November 17, 2022. RLJ Lodging Trust operates 96 hotels with around 21,200 rooms across 23 states and the District of Columbia, primarily in the premium-branded, focused-service sector.