Welcome to our dedicated page for Rlj Lodging Tr SEC filings (Ticker: RLJ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
RLJ Lodging Trust filings document a Maryland real estate investment trust with common shares of beneficial interest listed on the New York Stock Exchange under RLJ. Current reports furnish quarterly and annual operating results, including hotel portfolio revenue measures and non-GAAP lodging REIT metrics, and disclose material agreements involving the operating partnership, credit facilities, term loans and mortgage financing.
Proxy materials describe annual meeting matters, board and shareholder voting items, corporate governance practices, portfolio summaries and equity compensation plans such as the 2026 Equity Incentive Plan. The filing record also documents executive officer appointments, Section 12(b) security information, and the formal exhibits used to report press releases and financing agreements.
RLJ Lodging Trust President and CEO Leslie D. Hale received a grant of 163,052 restricted common shares that vest immediately, issued under the RLJ Lodging Trust 2021 Equity Incentive Plan. To cover tax withholding on this vesting, 133,530 common shares were surrendered back to the company at $7.60 per share. After these compensation-related transactions, Hale directly holds 2,170,936 common shares.
RLJ Lodging Trust Chief Accounting Officer Christopher Andrew Gormsen reported equity compensation activity in company common shares. He received a grant of 15,599 restricted common shares that vested immediately under the RLJ Lodging Trust 2021 Equity Incentive Plan. To satisfy related tax withholding obligations, 7,821 common shares were surrendered to the issuer at $7.60 per share, rather than sold on the open market. After these transactions, Gormsen directly holds 231,417 common shares of RLJ Lodging Trust.
RLJ Lodging Trust Executive Chairman Robert L. Johnson received a grant of 40,559 restricted common shares that vested immediately under the RLJ Lodging Trust 2021 Equity Incentive Plan. To cover related tax withholding obligations, 22,495 common shares were surrendered to the company at a price of $7.60 per share, a non-market, tax-settlement disposition rather than an open-market sale. Following these transactions, Johnson directly holds 1,586,626 common shares. He also directly holds 335,250 OP Units, which are immediately redeemable, subject to partnership agreement limits, for cash equal to the market value of one common share or, at the company’s election, an equal number of common shares, with no expiration date.
RLJ Lodging Trust SVP, CFO & Treasurer Nikhil Bhalla received 14,039 restricted common shares that vested immediately under the RLJ Lodging Trust 2021 Equity Incentive Plan. To cover related tax withholding obligations, 8,132 common shares were surrendered to the issuer at $7.60 per share, leaving 201,504 common shares held directly.
RLJ Lodging Trust EVP and COO Thomas Bardenett reported routine equity compensation activity. He received a grant of 34,319 restricted common shares that vested immediately under the RLJ Lodging Trust 2021 Equity Incentive Plan. To cover related tax withholding obligations, 19,080 common shares were surrendered to the company at $7.60 per share, rather than sold on the open market. After these transactions, he directly holds 502,674 common shares.
RLJ Lodging Trust files its annual report describing a focused U.S. hotel REIT concentrated in premium-branded, rooms-oriented hotels. As of December 31, 2025, it owned 93 hotels with about 20,800 rooms across 23 states and Washington, D.C., heavily weighted to Marriott, Hilton and Hyatt brands.
The company operates through an UPREIT structure, leasing most hotels to taxable REIT subsidiaries managed by independent operators such as Aimbridge and Hilton. It reports about $2.2 billion of debt, mostly fixed or hedged, and emphasizes a “flexible balance sheet” with primarily unsecured financing.
RLJ highlights key risks including economic cycles, interest-rate and inflation pressures, competition from hotels and alternative accommodations, labor shortages, cybersecurity and AI-related technology risks, environmental liabilities, natural disasters and climate impacts, and REIT-specific tax and distribution constraints. The report also details sustainability initiatives, including cuts in energy use per square foot and greenhouse gas emissions since 2019 and a goal to reduce carbon emissions by 35% by 2030.
RLJ Lodging Trust reported softer 2025 results but highlighted a stronger balance sheet and clear 2026 outlook. For the fourth quarter, comparable RevPAR was $136.79, down 1.5%, while comparable hotel revenue inched up 0.2% to $325.1 million. Net income was $0.5 million, Adjusted EBITDA was $80.4 million, and Adjusted FFO was $48.7 million, or $0.32 per diluted common share and unit.
For the full year 2025, RLJ generated total revenues of $1.35 billion and net income of $28.6 million. Adjusted EBITDA was $334.6 million, and Adjusted FFO was $209.4 million, or $1.39 per diluted common share and unit, both down from 2024. The company sold two hotels for $49.5 million, repurchased 3.3 million shares for $28.6 million, and ended the year with over $1.0 billion of liquidity against $2.2 billion of debt. Management refinanced all debt maturities through 2028 and guided 2026 Adjusted EBITDA to $312–342 million and Adjusted FFO per diluted share to $1.21–$1.41.
McKalip Frederick D. reported acquisition or exercise transactions in this Form 4 filing.
RLJ Lodging Trust granted EVP, General Counsel and Corporate Secretary Frederick D. McKalip 57,715 common shares on February 20, 2026 as a restricted stock award under the RLJ Lodging Trust 2021 Equity Incentive Plan. These restricted shares vest ratably over three years on each anniversary of the grant date. Following this grant, McKalip directly owns 280,304 common shares of RLJ Lodging Trust.
RLJ Lodging Trust Executive Chairman Robert L. Johnson reported an equity award of common shares. He acquired 92,952 restricted common shares at $8.23 per share as a grant under the RLJ Lodging Trust 2021 Equity Incentive Plan, bringing his directly held common shares to 1,568,562.
The restricted shares vest ratably over three years on each annual anniversary of the grant date, meaning the award is earned over time. Johnson also reports holding 335,250 OP Units, which are partnership interests that are immediately redeemable, subject to limitations, for cash equal to the market value of, or an equal number of, common shares.
Bhalla Nikhil reported acquisition or exercise transactions in this Form 4 filing.
RLJ Lodging Trust senior executive Nikhil Bhalla, SVP, CFO & Treasurer, received a grant of 51,640 restricted common shares at $8.23 per share under the RLJ Lodging Trust 2021 Equity Incentive Plan. These shares vest ratably over three years on each anniversary of the grant date, bringing his direct holdings to 195,597 common shares.