RLJ Lodging Trust RLJ

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

We are a self-advised and self-administered Maryland real estate investment trust that owns primarily premium-branded, rooms-oriented, high-margin, focused-service and compact full-service hotels located within heart of demand locations. We are one of the largest U.S. publicly-traded lodging REITs in terms of both number of hotels and number of rooms. Our hotels are concentrated in markets that we believe exhibit multiple demand generators and attractive long-term growth prospects. We believe premium-branded, focused-service and compact full-service hotels with these characteristics generate high levels of RevPAR, strong operating margins and attractive returns.

As of December 31, 2025, we owned 93 hotel properties with approximately 20,800 rooms, located in 23 states and the District of Columbia. We owned, through wholly-owned subsidiaries, a 100% interest in 91 of our hotel properties, a 95% controlling interest in one hotel property, and a 50% non-controlling interest in an entity owning one hotel property. We consolidate our real estate interests in the 92 hotel properties in which we hold a controlling financial interest, and we record the real estate interest in the one hotel property in which we hold an indirect 50% non-controlling interest using the equity method of accounting. We lease 92 of the 93 hotel properties to our TRSs, of which we own a controlling financial interest.

Last close 12.06 2026-10-23
Market cap $1.84B 2026-06-30 share count
52-week range 6.67 - 12.89

Valuation FY2025 figures against the last close

P/S1.4x
P/E1,206.0x
P/FCF15.7x
EV/EBITDA—
Dividend yield5.0%
Diluted EPS0.01

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.35B$1.37B$1.33B$1.19B$785.7M$473.1M$1.57B$1.76B$1.36B$1.16B
SG&A $47.6M$54.8M$59.0M$56.3M$47.5M$41.1M$45.3M$49.2M$40.5M$31.5M
Total operating expenses $1.22B$1.22B$1.17B$1.07B$980.6M$730.2M$1.35B$1.51B$1.18B$939.6M
Operating income ————————$181.1M$220.4M
Interest expense $112.3M$111.4M$98.8M$93.2M$106.4M$100.2M$91.3M$101.6M$78.3M$58.8M
Pre-tax income $29.7M$69.8M$77.9M$43.7M-$309.9M-$356.8M$125.6M$199.7M$117.9M$209.5M
Income tax $1.1M$1.6M$1.3M$1.5M$1.2M$52.0M$3.8M$8.8M$42.1M$8.2M
Net income $28.5M$68.0M$76.4M$41.9M-$305.2M-$404.4M$127.8M$188.6M$74.8M$200.4M
EPS, basic 0.010.270.320.10-2.01-2.610.590.930.471.61
EPS, diluted 0.010.270.320.10-2.01-2.610.590.930.471.61
Shares, diluted (wtd. avg.) 149.9M153.5M156.6M162.3M164.0M164.5M171.4M174.3M140.7M123.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $410.2M$409.8M$516.7M$536.4M$713.9M$934.8M$927.2M$384.8M$659.1M$523.9M
Other intangibles ——————$0$52.4M$133.2M$898.0K
Total assets $4.74B$4.88B$4.92B$4.98B$5.15B$5.62B$5.85B$6.00B$6.79B$4.02B
Long-term debt $2.20B$2.22B$2.22B$2.22B$2.41B$2.59B$2.20B$2.20B$2.88B$1.58B
Total liabilities $2.56B$2.59B$2.57B$2.55B$2.74B$2.93B$2.62B$2.51B$3.22B$1.79B
Retained earnings -$1.18B-$1.09B-$1.06B-$1.05B-$1.05B-$710.2M-$274.8M-$150.5M-$82.6M$38.2M
Total equity $2.17B$2.28B$2.35B$2.43B$2.41B$2.69B$3.23B$3.50B$3.57B$2.24B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $243.8M$285.4M$315.1M$256.5M$43.0M-$168.7M$397.3M$394.8M$260.6M$331.4M
Depreciation and amortisation $186.4M$179.4M$179.1M$184.9M$187.8M$194.2M$211.6M$241.6M$187.0M$162.5M
Stock-based compensation $15.3M$20.8M$24.3M$21.7M$17.1M$12.4M$11.5M$12.3M$10.6M$6.0M
Capital expenditure $126.4M$136.5M$132.3M$124.3M$48.3M$73.3M$157.4M$197.6M$103.2M$283.0K
Investing cash flow -$57.4M-$275.7M-$134.7M-$135.5M-$24.6M-$66.7M$530.4M$277.1M$65.0M$185.1M
Financing cash flow -$177.7M-$131.7M-$161.5M-$298.5M-$239.3M$243.0M-$385.4M-$946.2M-$190.4M-$182.3M
Dividends paid $91.4M$69.8M$49.2M$13.3M$6.7M$61.0M$228.3M$231.2M$169.9M$164.4M
Buybacks $28.6M$22.0M$76.0M$57.6M$0$62.6M$77.8M$21.8M$2.6M$13.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001511337-26-000007.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2016: 1.2B Net income, FY2016: 200.4M Revenue, FY2017: 1.4B Net income, FY2017: 74.8M Revenue, FY2018: 1.8B Net income, FY2018: 188.6M Revenue, FY2019: 1.6B Net income, FY2019: 127.8M Revenue, FY2020: 473.1M Net income, FY2020: -404.4M Revenue, FY2021: 785.7M Net income, FY2021: -305.2M Revenue, FY2022: 1.2B Net income, FY2022: 41.9M Revenue, FY2023: 1.3B Net income, FY2023: 76.4M Revenue, FY2024: 1.4B Net income, FY2024: 68M Revenue, FY2025: 1.3B Net income, FY2025: 28.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.16B $1.36B $1.76B $1.57B $473.1M $785.7M $1.19B $1.33B $1.37B $1.35B
Gross profit — — — — — — — — — —
Net income $200.4M $74.8M $188.6M $127.8M -$404.4M -$305.2M $41.9M $76.4M $68.0M $28.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6798

TickerCompanyMarket capP/ERevenue growth
WELL WELLTOWER INC. $167.53B 170.7x 40.2%
PLD Prologis, Inc. $117.89B 35.5x 7.2%
EQIX EQUINIX INC $94.23B 69.4x 5.4%
AMT AMERICAN TOWER CORP /MA/ $88.04B 35.0x 20.8%
SPG SIMON PROPERTY GROUP INC. $68.57B 14.9x 6.7%
DLR DIGITAL REALTY TRUST, INC. $60.57B 48.1x 10.0%
PSA Public Storage $54.42B 34.4x 2.7%
O REALTY INCOME CORP $53.83B 48.6x 9.1%