Rlj Lodging Tr Stock Price, News & Analysis

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.

RLJ Lodging Trust (NYSE: RLJ) reported substantial financial losses for Q4 and the full year ended December 31, 2020, primarily due to the COVID-19 pandemic. The Company achieved a 34.1% occupancy rate with total revenue of $91.1 million, down 73.8% year-over-year. The net loss for Q4 was $87.9 million, amounting to $0.57 loss per share. For the full year, net losses totaled $408.8 million, marking a 416% increase from the prior year. Despite these challenges, RLJ maintained a strong liquidity position with approximately $900 million in unrestricted cash.

RLJ Lodging Trust (NYSE:RLJ) announced the 2020 tax classification for dividends paid on its common and Series A Preferred Shares. The Company declared total distributions per share of $0.3600 for common stock and $1.9500 for Series A Preferred Stock, with payment dates ranging from January to October 2020. The classification details are provided for shareholders to assist in their tax reporting. Investors should consult their tax advisors for personalized advice on tax treatment.

RLJ Lodging Trust (NYSE: RLJ) will release its fourth quarter and full year 2020 financial results on February 25, 2021, after market close. A conference call is scheduled for February 26, 2021, at 11:00 a.m. (ET). Investors can join by dialing (877) 407-3982 for domestic calls or (201) 493-6780 for international calls. A replay will be available post-call until March 12, 2021. The call and webcast can also be accessed through the Company’s website for those unable to participate live.

RLJ Lodging Trust (NYSE: RLJ) has announced a $0.01 quarterly cash dividend per common share, payable on January 15, 2021, to shareholders of record by December 31, 2020. Additionally, a dividend of $0.4875 on Series A Preferred Shares will be paid on January 29, 2021, to the same record shareholders. The company primarily invests in premium-branded, high-margin hotels and is navigating challenges posed by the COVID-19 pandemic while discussing potential impacts on business operations in its forward-looking statements.

RLJ Lodging Trust (NYSE: RLJ) announced an amendment to its Senior Unsecured Credit Facilities, extending the waiver period for financial covenants from March 31, 2021, to December 31, 2021. The modification of certain financial covenants will also be extended through Q1 2023. The CEO expressed satisfaction with the flexibility gained during the pandemic and acknowledged the support from lending partners. The terms of the $1.8 billion credit facilities remain mostly unchanged, highlighting the strength of the company's balance sheet and lender relationships.

RLJ Lodging Trust (NYSE: RLJ) reported its financial results for Q3 2020, highlighting that 96 out of 103 hotels are now open, achieving a 29.3% overall occupancy. Despite the ongoing effects of the COVID-19 pandemic, total revenue reached $83.9 million with a net loss of $173.9 million. Adjusted EBITDA was ($19.2) million, while the company maintained a strong liquidity position with approximately $1.0 billion in unrestricted cash. Monthly cash burn estimates were reduced by $2.5 million, now projected between $23.0 million to $27.0 million.