Rlj Lodging Tr Stock Price, News & Analysis

RLJ Lodging Trust (NYSE: RLJ) announced it is acquiring the newly-built, 186-room Hampton Inn & Suites Atlanta Midtown for $58 million in cash. The Company anticipates an 8.0% to 8.5% NOI yield upon stabilization. This acquisition highlights RLJ's ability to source off-market deals and enhances its portfolio in a high-growth area. The hotel is strategically located near significant developments and is expected to contribute positively to RLJ's revenue per available room (RevPAR) and overall growth profile. The deal is set to close in Q3, subject to customary conditions.

RLJ Lodging Trust (NYSE: RLJ) has shared insights on its ongoing opportunities for value creation. Through high-value conversions and margin expansion, the Company aims to unlock significant returns. Its recent presentation outlines initiatives expected to yield an incremental EBITDA increase of $23 million to $28 million, boosting shareholder value. CEO Leslie D. Hale expressed confidence in the Company's ability to drive growth amid improving lodging fundamentals.

RLJ Lodging Trust (NYSE: RLJ) announced it will report its financial results for Q2 2021 on August 5, 2021, post-market close. A conference call is scheduled for August 6, 2021, at 9:00 a.m. Eastern Time. Investors are encouraged to dial in 10 minutes early for the call, accessible at (877) 407-3982. A replay will be available from noon on August 6 until midnight on August 20. RLJ Lodging Trust primarily owns premium-branded hotels and has noted the potential impacts of COVID-19 on its operations, highlighting increased risks and uncertainties ahead.

RLJ Lodging Trust (NYSE: RLJ) has declared a quarterly cash dividend of $0.01 per common share and $0.4875 on its Series A Preferred Shares. The common share dividend is payable on July 15, 2021 to shareholders of record as of June 30, 2021, while the preferred share dividend is payable on July 30, 2021. As a self-advised, publicly traded REIT, RLJ primarily owns premium-branded hotels, focusing on high-margin, service-oriented properties.

RLJ Lodging Trust (NYSE: RLJ) has announced an upsized offering of $500 million in 3.750% senior secured notes due 2026, increasing from an earlier $400 million plan. These notes will mature on July 1, 2026, with interest paid semi-annually. The proceeds will be used to repay existing debt and for general corporate purposes. The offering is set to close on June 17, 2021, pending standard conditions. The notes will not be registered under the Securities Act and will be offered to qualified institutional buyers.

RLJ Lodging Trust (NYSE:RLJ) announced its intention to offer $400 million in senior secured notes due 2026, guaranteed by the Company and certain subsidiaries. The proceeds will be utilized to reduce existing near-term debts and for general corporate purposes. The offering will be made only to qualified institutional buyers and certain non-U.S. persons, adhering to exemptions under the Securities Act. The Company emphasizes that this announcement does not constitute an offer to sell the securities. Forward-looking statements regarding business expectations and risks are also highlighted.

RLJ Lodging Trust (NYSE: RLJ) reported its Q1 2021 results, noting significant challenges with a total revenue of $119.6 million, down 55% compared to last year. The company experienced a net loss of $79.1 million, a 156.6% increase in losses year-over-year. Despite these challenges, RLJ maintained a strong balance sheet with $648 million in cash and over $1 billion in liquidity. The company achieved a portfolio occupancy rate of 43.0% and saw positive Hotel EBITDA, signaling potential recovery driven by increased lodging demand.

RLJ Lodging Trust (NYSE: RLJ) will report its first quarter financial results for the period ending March 31, 2021, after market close on May 5, 2021. A conference call is scheduled for May 6, 2021, at 10:00 a.m. ET, accessible by calling (877) 407-3982 in the U.S. A replay will be available from 1:00 p.m. ET on May 6 until May 20, 2021. RLJ Lodging Trust owns a portfolio of 101 hotels with approximately 22,400 rooms across 23 states and the District of Columbia, focusing on premium-branded, high-margin hotels.

RLJ Lodging Trust (NYSE: RLJ) has announced a quarterly cash dividend of $0.01 per common share, payable on April 15, 2021, for shareholders of record by March 31, 2021. Additionally, a cash dividend of $0.4875 on Series A Preferred Shares will be paid on April 30, 2021, to shareholders of record by March 31, 2021. The Company owns 101 hotels across 23 states and DC, focusing on premium-branded, high-margin hotels.