RLJ Stock Recent News

RLJ Lodging Trust has offered a total return of 15% in the past 15 months, with a recent rally thanks to a dovish stance from the Fed. The REIT owns 96 high-end hotels with lean operating models and generates more than half of its EBITDA in the Sun Belt region. RLJ Lodging Trust is trading at a forward price-to-FFO ratio of only 7.1 and has a healthy balance sheet.

RLJ Lodging's Preferred “A” shares are $2.75 per share undervalued relative to the preferred stocks from Pebblebrook Hotel Trust. I determine this undervaluation by examining the current yields of the preferred stocks as well as the balance sheets. RLJ.PR.A cannot be called at any price, and so, it has unlimited price upside.

RLJ Lodging Trust (NYSE:RLJ ) Q3 2023 Earnings Conference Call November 2, 2023 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 - Executive Vice President and COO Conference Call Participants Michael Bellisario - Robert W. Baird Dori Kesten - Wells Fargo William Crow - Raymond James Gregory Miller - Truist Securities Tyler Batory - Oppenheimer Chris Woronka - Deutsche Bank Austin Wurschmidt - KeyBanc Capital Markets Floris Van Dijkum - Compass Point Research Anthony Powell - Barclays Operator Welcome to the RLJ Lodging Trust Third Quarter 2023 Earnings Call.

While the top- and bottom-line numbers for RLJ Lodging (RLJ) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

RLJ Lodging Trust's preferred shares offer a fixed $1.95 annual coupon with an 8.2% yield on cost. The preferred shares are currently trading at a 5.5% discount to their par value of $25 per share. RLJ's preferred shares have a busted convertible feature, making them essentially perpetual and less risky than common shares.

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RLJ Lodging Trust is a full-service hospitality REIT with a portfolio of 96 hotels in 23 states, affiliated with premium brands like Marriott and Hilton. The company has an impressive liquidity position, low-interest rates on its debt, and has increased its dividend three times since 2022, making it an attractive investment. The company's shares are also undervalued at present, further adding to its appeal.

RLJ Lodging Trust is a hotel-based REIT with a portfolio of 96 premium-branded full-service hotels. The company not only survived but also thrived in the COVID-19 pandemic by acquiring properties on deep discount and upgrading existing hotels. Margins and cash flows are almost back to 2019 levels, and the current multiples look compellingly cheap.

RLJ Lodging Trust, a REIT that owns high-end hotels, is recovering from the pandemic-induced crisis, with hotel occupancy back to 97% of pre-pandemic levels. The preferred stock of RLJ Lodging Trust offers an 8.1% dividend yield with a wide margin of safety thanks to its strong balance sheet. RLJ Lodging Trust has raised its common dividend 60% this year and repurchased 2.5% of its units in the first quarter, thus confirming its great financial shape.

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the second quarter ended June 30, 2023, after the markets close on August 3, 2023. The Company will also host a conference call on August 4, 2023, at 10:00 a.m. (Eastern Time). The Company recommends that you dial in approximately 10 minutes before the call. The conference call can be accessed by dialing (877) 407-3982 or (201) 493-6780 for international participant.