Welcome to our dedicated page for RLJ Lodging Trust news (Ticker: RLJ), a resource for investors and traders seeking the latest updates and insights on RLJ Lodging Trust stock.
RLJ Lodging Trust reports developments as a self-advised, publicly traded real estate investment trust focused on premium-branded, rooms-oriented hotels in urban demand locations. Company updates commonly address hotel revenue, occupancy, average daily rate, RevPAR, Comparable Hotel EBITDA, adjusted EBITDA and adjusted FFO across a geographically diverse lodging portfolio serving business, leisure and other travel demand.
Recurring announcements also cover quarterly earnings schedules, common-share and Series A Preferred Share dividends, dividend tax treatment, renovations and hotel conversions when disclosed, and balance-sheet actions such as revolving credit facilities, unsecured term loans, mortgage refinancing and debt maturity management.
RLJ Lodging Trust declared a quarterly cash dividend of $0.01 per common share, payable on July 15, 2022, to shareholders of record as of June 30, 2022. Additionally, a dividend of $0.4875 on Series A Preferred Shares will be paid on July 29, 2022, with the same record date. The company focuses on premium-branded, high-margin hotels and emphasizes caution on its forward-looking statements due to uncertainties from the COVID-19 pandemic and its impact on the lodging industry.
RLJ Lodging Trust (NYSE: RLJ) reported Q1 results for 2022, achieving a pro forma RevPAR of $107.39, about 74% of 2019 levels, showcasing a 5% improvement from Q4 2021. Total revenue reached $242.9 million, with a net loss of $21.5 million. Adjusted EBITDA stood at $54.6 million, while Adjusted FFO per share was $0.14. The company retained approximately $1.1 billion in liquidity, including $479 million in cash. Recent sales of two hotels generated approximately $50 million. The Board also approved a $250 million share repurchase program, enhancing capital allocation opportunities.
RLJ Lodging Trust (NYSE: RLJ) will report its first-quarter financial results for the period ending March 31, 2022, on May 4, 2022, after market close. A conference call is scheduled for May 5, 2022, at 10:00 a.m. ET, accessible via phone and online. A replay will be available shortly after the call, lasting until May 19, 2022. RLJ Lodging Trust is a publicly traded REIT focusing on premium-branded, high-margin focused-service and compact full-service hotels.
RLJ Lodging Trust has declared a quarterly cash dividend of $0.01 per common share, payable on April 15, 2022, to shareholders of record by March 31, 2022. Additionally, a $0.4875 dividend will be paid on the Series A Preferred Shares on April 29, 2022. The company operates premium-branded hotels, primarily in the high-margin sector.
RLJ Lodging Trust reported a robust performance in Q4 2021 with portfolio pro forma RevPAR at $101.33, recovering to over 75% of 2019 levels, driven by strong leisure demand. The company achieved a revenue of $238.1 million but faced a net loss attributable to common shareholders of $34 million. Notable moves include acquisitions totaling $198.3 million and sales of seven hotels for $208.5 million. The company also refinanced over $1 billion of debt, enhancing liquidity with $665.3 million in unrestricted cash and $2.4 billion of outstanding debt.
RLJ Lodging Trust announced the appointment of Robin Zeigler to its Board of Trustees, effective immediately. Ms. Zeigler brings over 25 years of real estate experience, having served as Executive VP at Cedar Realty Investment Trust and previously at Federal Realty Investment Trust. She will also join the Audit Committee and Nominating and Corporate Governance Committee. Ms. Zeigler is set to stand for election at the 2022 Annual Meeting of Shareholders, a move seen as positive amid the ongoing recovery in the lodging sector.
RLJ Lodging Trust (NYSE: RLJ) has announced the tax classification of dividend distributions for 2021. Shareholders of common shares and Series A Preferred Shares can expect a total distribution of $0.0400 per common share and $1.9500 per Series A Preferred Share for the year. Key payment dates include January 15, April 15, July 15, and October 15 for common shares, and January 29, April 30, July 30, and October 29 for preferred shares. The data is preliminary and may be subject to adjustments. Shareholders are encouraged to consult tax advisors for specific treatment.
RLJ Lodging Trust (NYSE: RLJ) will release its financial results for the fourth quarter and full year ended December 31, 2021, after market close on February 23, 2022. A conference call is scheduled for February 24, 2022, at 10:00 a.m. ET, with a live webcast accessible via the company’s website. The call will be available for replay from 1:00 p.m. ET on February 24 until midnight ET on March 10, 2022. RLJ Lodging Trust operates 97 hotels with approximately 21,500 rooms across 22 states and the District of Columbia.
RLJ Lodging Trust (NYSE: RLJ) has acquired the 170-room Moxy Denver Cherry Creek for $51.3 million and disposed of the 764-room DoubleTree Hotel Metropolitan New York City for $169.0 million. The acquisition is expected to generate an estimated 8.0% to 8.5% stabilized NOI yield and a 15% to 20% RevPAR premium over the company's existing portfolio. With proceeds from the sale, RLJ matched funding for the acquisitions and entered 2022 with significant investment capacity for growth strategies.
RLJ Lodging Trust (NYSE: RLJ) has declared a quarterly cash dividend of $0.01 per common share, payable on January 18, 2022, to shareholders of record as of December 31, 2021. Additionally, a cash dividend of $0.4875 on Series A Preferred Shares has been approved, payable on January 31, 2022. The company owns a portfolio of 97 hotels, comprising approximately 22,100 rooms across 22 states and the District of Columbia, indicating a robust presence in the hospitality sector.