Profile
Sector:
Real EstateIndustry:
Hotel & MotelCountry:
United StatesIPO:
11 May 2011Website:
http://www.rljlodgingtrust.comNext earnings report:
06 November 2024Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:16:11 GMTAnalysts recommendations
Institutional Ownership
RLJ Latest News
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 is unlikely to eliminate its common dividend, even in a recession.
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 Adjusted FFO.
The headline numbers for RLJ Lodging (RLJ) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
RLJ Lodging (RLJ) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to FFO of $0.56 per share a year ago.
We discuss three essential criteria for steady passive income from investments. My investment strategy seeks regular and recurring income from lower-risk preferred securities. With fixed income, I am using the interest rate uncertainties to my advantage.
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 $0.10 per common share of beneficial interest. The dividend is payable on July 15, 2024, to shareholders of record as of June 28, 2024. The Board of Trustees also declared a quarterly cash dividend of $0.4875 on the Company's Series A Preferred Shares. The dividend is payable on July 31, 2024, to shareholders of record as of June 28,.
The key figures for RLJ Lodging (RLJ) provide an indication of the company's performance in the first quarter of 2024, but it could be beneficial to analyze some of its main indicators in comparison to analyst expectations and the same period last year.
RLJ Lodging Trust owns 97 hotels, with a focus on urban hotels in the Sunbelt region. RevPAR grew 9.2% in 2023, with a further increase of 4% expected for 2024. Adjusted FFO per share increased 22.1% in 2023 but is expected to be marginally lower in 2024 on higher interest rates.
RLJ Lodging Trust's Q4 results showed robust FFO and AFFO performance, with an increase in revenue per available room and occupancy. The company's net interest expenses decreased, resulting in a significant expansion of AFFO per share. RLJ Lodging Trust's 'busted' preferred shares offer an attractive fixed yield of 7.75% and have a strong margin of safety based on the balance sheet.
RLJ Lodging Trust (RLJ) Q4 2023 Earnings Call Transcript
- 1(current)
What type of business is RLJ Lodging Trust?
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
What sector is RLJ Lodging Trust in?
RLJ Lodging Trust is in the Real Estate sector
What industry is RLJ Lodging Trust in?
RLJ Lodging Trust is in the Hotel & Motel industry
What country is RLJ Lodging Trust from?
RLJ Lodging Trust is headquartered in United States
When did RLJ Lodging Trust go public?
RLJ Lodging Trust initial public offering (IPO) was on 11 May 2011
What is RLJ Lodging Trust website?
https://www.rljlodgingtrust.com
Is RLJ Lodging Trust in the S&P 500?
No, RLJ Lodging Trust is not included in the S&P 500 index
Is RLJ Lodging Trust in the NASDAQ 100?
No, RLJ Lodging Trust is not included in the NASDAQ 100 index
Is RLJ Lodging Trust in the Dow Jones?
No, RLJ Lodging Trust is not included in the Dow Jones index
When was RLJ Lodging Trust the previous earnings report?
No data
When does RLJ Lodging Trust earnings report?
The next expected earnings date for RLJ Lodging Trust is 06 November 2024