RLJ Lodging TrustNYSE: RLJ

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

The headline numbers for RLJ Lodging (RLJ) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

RLJ Lodging (RLJ) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Get a deeper insight into the potential performance of RLJ Lodging (RLJ) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.