RLJ
RLJ Lodging Trust7.69
-0.04-0.52%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Guidance details: World Cup 45bps, ramps 40bps
Q&A unpacked 2026 RevPAR guidance drivers, attributing 45 basis points to World Cup across nine markets and 40 basis points to high-occupancy renovation ramps, with rate and occupancy equally balanced. Management prioritized asset sales for recycling into buybacks amid credible inbound bids and improving transaction liquidity, while detailing Boston Tapestry conversion's 40% EBITDA upside on over 50% returns. Expenses projected at 3% growth, wages 3-4%, with no renovation disruptions ahead. Conversions delivered 15% RevPAR last year. Buybacks remain key. Analysts' cost and AI queries drew reaffirmations of productivity. Q&A adds granularity but largely reinforces scripted outlook—watch urban event delivery.
Key Stats
Market Cap
1.17BP/E (TTM)
153.80Basic EPS (TTM)
0.05Dividend Yield
0.08%Recent Filings
10-K
FY2025 results
RLJ Lodging Trust's FY2025 revenues dipped 1.4% y/y to $1.35B amid softer transient demand, with comparable RevPAR sliding 1.8% to $143.43 on 71.6% occupancy and flat $200 ADR. Room revenue fell $28M y/y, yet food/beverage and other rose on renovated properties; margins squeezed by labor and insurance hikes, driving property expenses up 1.7%. Net income plunged to $28.5M from $68.2M, but Adjusted EBITDA held at $335M. Q4 closed strong with $73.7M from three hotel sales and $2.2B debt at 4.56%—Revolver fully repaid. No annual guidance disclosed. Economic volatility threatens demand.
8-K
Q4 EBITDA $80.4M; debt refinanced
RLJ Lodging Trust reported Q4 2025 Adjusted EBITDA of $80.4 million and full-year $334.6 million, with comparable RevPAR down 1.5% to $136.79 amid a government shutdown. Sold two hotels for $49.5 million; refinanced all debt maturities through 2028. Balance sheet strong: over $1.0 billion liquidity. Issued 2026 outlook with Adjusted FFO per share $1.21-$1.41. Debt extended to 2029.
8-K
RLJ refinances, ladders debt
RLJ Lodging Trust closed a sixth amended $600M revolver to 2030 and $569M Tranche A-1 term loan to 2031 on February 11, 2026, replacing shorter maturities. Added $150M seven-year term loan to 2033 and refinanced $155M mortgages to 2029. Proceeds target 2026 notes; debt now clear through 2028. Lenders extended ample capacity.
10-Q
Q3 FY2025 results
RLJ Lodging Trust posted Q3 revenues of $330M, down 4.5% y/y yet stable q/q, with room revenue off $16.2M from softer leisure, government, corporate, and group travel; comparable RevPAR fell to $138.29 (derived). Operating expenses held steady while depreciation climbed on renovations, flipping Q3 to a $3.8M net loss from $20.6M profit, driven by interest expense and no hotel sale gain. YTD, $1.02B revenues edged down 1.7% y/y, but $181M operating cash flow exceeded $112M capex for positive FCF; cash sits at $375M with $600M revolver capacity and steady $2.2B debt. Repurchased 3.3M shares for $29M. Business travel volatility lingers.
8-K
Q3 loss, RevPAR down 5.1%
RLJ Lodging Trust posted Q3 net loss of $3.8 million and Adjusted EBITDA of $72.6 million, as Comparable RevPAR fell 5.1% to $138.51 amid renovations and Austin convention closure. Revenues dipped 4.5% to $330.0 million, yet out-of-room spend grew 1.3% via ROI initiatives. Repurchased 0.2 million shares for $1.3 million. Full-year outlook trimmed for government shutdown: Adjusted FFO $1.31-$1.37.
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