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.
RLJ Lodging Trust (NYSE: RLJ) has declared a quarterly cash dividend of $0.01 per common share, payable on October 15, 2021, to shareholders of record by September 30, 2021. Additionally, a quarterly cash dividend of $0.4875 on Series A Preferred Shares will be paid on October 29, 2021. The company operates 97 hotels with approximately 22,100 rooms in the United States and the District of Columbia, indicating a diversified portfolio in the lodging sector.
RLJ Lodging Trust has announced the pricing of its $500 million offering of 4.000% senior secured notes due 2029. This offering will yield interest payments semi-annually and is secured by a first priority interest in specific equity holdings. Proceeds from the offering are intended to redeem existing 6.000% senior notes due 2025 from subsidiary FelCor Lodging Limited Partnership. The offering is expected to close on September 13, 2021, subject to customary conditions.
RLJ Lodging Trust (NYSE: RLJ) announced plans to offer $500 million in senior secured notes due 2029. These notes will be backed by the Company and certain subsidiaries. Proceeds from the offering will be used to redeem all outstanding 6.000% senior notes due 2025 of its subsidiary, FelCor Lodging Limited Partnership, along with any redemption premiums and related expenses. The offering is exempt from registration under the Securities Act and is intended for qualified institutional buyers. Forward-looking statements regarding potential impacts of COVID-19 and economic uncertainties are included.
RLJ Lodging Trust (NYSE: RLJ) reported financial results for the second quarter of 2021, highlighting total revenue of $194.3 million and a net loss of $52.2 million. The company achieved a portfolio occupancy of 57.9%, driven by strong leisure demand and improving business transient sectors. Notably, RLJ acquired a new Hampton Inn & Suites in Atlanta for $58 million and raised $500 million through senior notes. Despite a net loss per share of $0.35, the company maintains a robust balance sheet with $658 million in unrestricted cash and over $1 billion in total liquidity.
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.