RLJ Lodging Trust (NYSE:RLJ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Nikhil Bhalla – Senior Vice President-Finance and Treasurer Leslie Hale – President and Chief Executive Officer Sean Mahoney – Executive Vice President and Chief Financial Officer Tom Bardenett – Chief Operating Officer Conference Call Participants Michael Bellisario – Baird Gregory Miller – Truist Securities Tyler Batory – Oppenheimer & Company Dori Kesten – Wells Fargo Floris van Dijkum – Compass ...

RLJ Lodging (RLJ) reported $369.3 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 3.5%. EPS of $0.51 for the same period compares to $0.22 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $367.07 million, representing a surprise of +0.61%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.48. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

RLJ Lodging (RLJ) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to FFO of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 6.25%. A quarter ago, it was expected that this hotel real estate investment trust would post FFO of $0.32 per share when it actually produced FFO of $0.33, delivering a surprise of 3.13%. Over the last four q ...

财务表现 - 第二季度RevPAR增长2.6%[7] - 总收入增长3.5%至3.69亿美元[8] - 净利润为3730万美元[9] - 可比酒店EBITDA为1.186亿美元，同比下降4.0%[10] - 调整后EBITDA为1.090亿美元，同比下降4.3%[10] - 调整后每股FFO为0.51美元，同比下降8.9%[11] - 2024年上半年总收入为6.94亿美元，同比增长3.3%，净利润为4.20亿美元，同比下降19.5%[42] - 2024年上半年调整后FFO为13.05亿美元，同比下降9.3%，每股调整后FFO为0.84美元[44] - 2024年第二季度调整后FFO为7.86亿美元，同比下降10.5%，每股调整后FFO为0.51美元[44] - 公司2024年第二季度和上半年的EBITDA分别为1.064亿美元和1.786亿美元[46] - 公司2024年第二季度和上半年的可比酒店EBITDA分别为1.186亿美元和2.074亿美元[46][47][48] - 公司2024年第二季度和上半年的可比酒店EBITDA利润率分别为32.0%和29.8%[48] - 公司预计2024年全年的EBITDA在3.27亿美元至3.47亿美元之间[49][50] - 公司预计2024年全年的可比酒店EBITDA在3.825亿美元至4.025亿美元之间[50] - 公司2024年全年的调整后每股FFO预计在1.45美元至1.58美元之间[51][52] - 公司2024年全年的调整后FFO预计在2.255亿美元至2.455亿美元之间[51] - 公司2024年全年的净收入预计在4400万美元至6200万美元之间[50] 资产负债情况 - 2024年6月30日资产总额为49.18亿美元，负债总额为25.70亿美元，股东权益为23.48亿美元[39] - 公司2024年6月30日的总债务为22.31亿美元,加权平均利率为4.75%[53][54][55] - 公司2024年6月30日的可用信用额度为4亿美元[56] 收购与出售 - 收购了位于丹佛的110间客房的Hotel Teatro酒店[13] - 2024年6月收购了Hotel Teatro酒店，2024年5月出售了Residence Inn Merrillville酒店[37,38] - 公司在2024年第二季度进行了3.55亿美元的酒店资产出售，实现净收益[42] 股东回报 - 回购了30万股普通股，平均价格为9.72美元[14] - 将第三季度起的季度股息提高至每股0.15美元[20] 业绩调整 - 公司调整FFO、EBITDA和EBITDAre以排除某些非经常性项目的影响，以提供更有意义的经营业绩指标[34] - 公司剔除了公司层面费用和某些非现金项目的影响，以更好地反映酒店运营的实际情况[35] - 可比酒店EBITDA和可比酒店EBITDA利润率包括收购前期的历史数据，并剔除了已出售酒店的业绩[36] 未来展望 - 预计2024年全年可比RevPAR增长1.0%至2.5%[22]

monkeybusinessimages/iStock via Getty Images Co-authored with Hidden Opportunities Summer is my favorite season of the year. It is the time I get to pursue one of my most anticipated hobbies — gardening. I work to transform my lawn into a vibrant, vegetable-producing system. I enjoy the process of sowing seeds, fertilizing, watering, and caring for my plants as I witness the incredible progress of growth and development. As the summer progresses, my garden will begin providing a bounty of fresh produce ...

jewhyte/iStock via Getty Images Introduction I like the so-called 'busted' preferred shares, as the issuer can't easily call the securities. In RLJ Lodging Trust's (NYSE:RLJ) case, the preferred shares can only be called when the stock is trading at close to $90/share, and given the current share price of just under $10, I don't expect that to happen anytime soon. I have a long position in RLJ's preferred shares, which are trading with (NYSE:RLJ.PR.A) as ticker symbol, and I continue to add to this position ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35169 RLJ LODGING TRUST (Exact Name of Registrant as Specified in Its Charter) Maryland 27-4706509 (State or Other Jurisd ...

RLJ Lodging Trust (NYSE:RLJ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Nikhil Bhalla - Senior Vice President, Finance & Treasurer Leslie Hale - President & Chief Executive Officer Sean Mahoney - Executive Vice President & Chief Financial Officer Tom Bardenett - Chief Operating Officer Conference Call Participants Michael Bellisario - Baird Tyler Batory - Oppenheimer & Company Josh Friedland - KeyBanc Capital Markets Dori Kesten - Wells Fargo Anthony Powell - Barclays Greg ...

Press Release RLJ Lodging Trust Reports First Quarter 2024 Results Q1 RevPAR increased 1.0% above 2023 Adjusted FFO per diluted share of $0.33 Expanded conversion pipeline by acquiring Wyndham Boston Beacon Hill Bethesda, MD, May 1, 2024 – RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2024. Highlights • Portfolio Comparable RevPAR of $137.88; an increase of 1.0% from last year • Total Revenue of $324.4 million; an increase of 3.1% from last year • ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35169 RLJ LODGING TRUST (Exact Name of Registrant as Specified in Its Charter) Maryland 27-4706509 (State or Other Jurisdiction ...