RLJ Stock Recent News

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.

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.

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