RLJ Lodging Trust Stock News

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share of beneficial interest. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024. The Board of Trustees also declared a quarterly cash dividend of $0.4875 on the Company's S...

RLJ Lodging Trust and Chatham Lodging Trust are REITs focused on hotels in the Sun Belt region. Operating performance at RLJ Lodging is marginally stronger although its sustainability is in doubt given reliance on occupancy growth. Both REITs are attractively valued on a market-implied cap rate basis, with RLJ's higher leverage and interest rate hedging making it more attractive on an AFFO mult...

Every month we screen for potential dividend growth opportunities, which can provide some new potential ideas that could otherwise slip by. While we look for more consistent dividend growers with relatively higher yields, we also include safety in terms of earnings stability or growth potential in the screening process. We look at five of those that screen the highest based on yield, and this m...

RLJ Lodging Trust (NYSE:RLJ ) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ET Company Participants Nikhil Bhalla - Senior Vice President Finance and Treasurer Leslie Hale - President and CEO Sean Mahoney - Executive Vice President and CFO Tom Bardenett - Chief Operating Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Michael Bellisario - Baird Jona...

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and nine months ended September 30, 2024. Third Quarter Highlights Portfolio Comparable RevPAR of $145.23; an increase of 2.0% from last year Comparable Hotel Revenue of $344.7 million; an increase of 3.0% from last year Net Income of $20.6 million Comparable Hotel EBITDA of $100.7...

Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the office sector remained the most-shorted at 5.3% of shares outstanding. Wheeler Real Estate Investment Trust logged the largest increase in short interest, up 16 percentage points to 32.4% of shares ou...

RLJ Lodging Trust's preferred stock offers a 7.5% yield, down from 8.1%, but remains attractive thanks to the safety of its dividend and potential Fed rate cuts. The REIT owns 96 premium-branded hotels, has recovered from the pandemic, and maintains a healthy balance sheet, ensuring the preferred dividend's safety. The preferred dividend is well-covered with a 9.3 coverage ratio, and the REIT i...

RLJ Lodging is a hotel REIT managing 96 premium-branded urban-centric hotels, with the largest markets being Los Angeles/Anaheim and Washington, DC. The REIT has substantially underperformed the Vanguard Real Estate Index Fund ETF so far in 2024, delivering a 19% loss. The Q2 2024 results were mixed as robust RevPAR growth was offset by elevated expense growth, ultimately resulting in lower Adj...