RLJ Stock Recent News

Occupancy rates have stubbornly stayed around 90% of 2019 levels but room rates are still increasing thanks to inflation and remodeling. Leisure travel has moved beyond 2019 levels. Business travel seems to be a drag.

RLJ Lodging Trust (NYSE:RLJ ) Q1 2023 Earnings Conference Call May 5, 2023 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 Austin Wurschmidt - KeyBanc Capital Markets Tyler Batory - Oppenheimer Michael Bellisario - Baird Chris Darling - Green Street Anthony Powell - Barclays Floris van Dijkum - Compass Point Gregory Miller – Truist Operator Welcome to the RLJ Lodging Trust First Quarter 2023 Earnings Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded.

RLJ Lodging (RLJ) came out with quarterly funds from operations (FFO) of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to FFO of $0.14 per share a year ago.

Investors are speculating about the Fed's next move; I couldn't care less. I am not investing for tomorrow; I am growing my income toward retirement needs.

Are you really the long-term investor that you claim to be? Buffett's Berkshire has held Coca-Cola for ~35 years; how old is your longest-held stock?

In this article, we investigate RLJ Lodging Trust's convertible preferred shares, RLJ.PA. After a brief overview of the company, we dig into the financials to gauge safety of the preferreds.

RLJ Lodging (RLJ) delivered FFO and revenue surprises of 6.45% and 0.64%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Occupancy has lined out at around 90% of 2019 levels but room rates have gone up in line with inflation. 2023 occupancy is forecasted to be weaker than 2H 2022 due to a slowing economy.