RLJ Lodging Trust (RLJ) Financials

$7.30 0.00 (0.00%)

Closing price 03:59 PM Eastern

Extended Trading

$7.48 +0.19 (+2.53%)

As of 05:30 PM Eastern

Annual Income Statements for RLJ Lodging Trust

This table shows RLJ Lodging Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	43	51	17	-330	-430	103	164	66	200	218	135
Consolidated Net Income / (Loss)	68	77	42	-311	-409	129	191	76	201	220	136
Net Income / (Loss) Continuing Operations	68	77	42	-311	-409	129	191	76	201	191	136
Total Pre-Tax Income	70	78	44	-310	-357	126	200	118	210	0.00	137
Total Operating Income	158	152	122	-197	-254	218	287	190	266	204	191
Total Gross Profit	1,369	1,326	1,194	697	473	1,566	687	576	533	518	1,687
Total Revenue	1,369	1,326	1,194	786	473	1,566	1,761	1,356	1,160	1,136	2,218
Operating Revenue	1,369	1,326	1,194	-	473	1,566	1,761	1,356	1,160	1,136	2,218
Total Cost of Revenue	0.00	0.00	0.00	89	0.00	0.00	1,074	781	627	618	532
Total Operating Expenses	1,211	1,173	1,071	894	727	1,348	400	385	266	315	386
Selling, General & Admin Expense	933	894	801	559	433	1,002	49	40	32	38	42
Depreciation Expense	179	179	185	188	194	212	242	187	163	156	144
Other Operating Expenses / (Income)	107	100	87	-	103	119	138	123	118	116	186
Restructuring Charge	0.32	0.22	-0.35	0.09	-0.16	1.21	2.06	44	0.19	3.06	4.85
Other Special Charges / (Income)	-8.26	0.03	-1.02	2.38	-2.70	-	-31	-8.98	-46	-	-0.35
Total Other Income / (Expense), net	-88	-74	-79	-113	-102	-93	-87	-72	-57	-52	-54
Interest Expense	111	99	93	105	100	92	96	78	59	55	57
Interest & Investment Income	18	20	5.02	0.52	-4.22	7.05	5.53	5.79	1.70	1.56	1.88
Other Income / (Expense), net	5.34	4.36	9.50	-7.61	1.94	-8.06	2.79	0.27	0.30	1.60	0.81
Income Tax Expense	1.60	1.26	1.52	1.19	52	-3.75	8.79	42	8.19	-39	1.15
Preferred Stock Dividends Declared	25	25	25	25	25	26	27	8.87	0.00	0.00	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.17	0.21	0.29	-5.92	-4.36	0.20	0.74	0.41	0.96	1.59	0.17
Basic Earnings per Share	$0.27	$0.32	$0.10	($2.01)	($2.61)	$0.59	$0.93	$0.47	$1.61	$1.69	$1.06
Weighted Average Basic Shares Outstanding	152.86M	155.93M	161.95M	164.00M	164.50M	171.29M	174.23M	140.62M	123.65M	128.44M	127.36M
Diluted Earnings per Share	$0.27	$0.32	$0.10	($2.01)	($2.61)	$0.59	$0.93	$0.47	$1.61	$1.68	$1.05
Weighted Average Diluted Shares Outstanding	153.48M	156.56M	162.29M	164.00M	164.50M	171.39M	174.32M	140.69M	123.88M	128.97M	128.29M
Weighted Average Basic & Diluted Shares Outstanding	151.96M	155.78M	162.56M	166.48M	164.97M	168.59M	173.69M	174.85M	124.62M	124.63M	131.93M
Cash Dividends to Common per Share	$0.50	$0.36	$0.12	$0.04	$0.04	$1.32	$1.32	$1.32	$0.00	$1.32	-

This table shows RLJ Lodging Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-2.92	-0.90	14	31	-1.34	1.66	10	35	4.37	0.33	11
Consolidated Net Income / (Loss)	3.17	5.51	21	37	4.75	8.04	16	42	11	6.80	18
Net Income / (Loss) Continuing Operations	3.17	5.51	21	37	4.75	8.04	16	42	11	6.80	18
Total Pre-Tax Income	3.47	6.03	21	38	5.06	8.27	17	42	11	7.18	18
Total Operating Income	27	29	45	61	23	27	34	61	30	26	39
Total Gross Profit	301	387	346	341	297	369	334	332	290	346	297
Total Revenue	328	330	346	369	324	320	334	357	315	302	318
Total Cost of Revenue	27	-57	0.00	29	28	-49	0.00	25	25	-44	21
Other Cost of Revenue	27	-	-	29	28	-	-	25	25	-	21
Total Operating Expenses	274	330	301	280	301	318	300	271	284	320	258
Selling, General & Admin Expense	230	229	236	239	229	224	228	226	215	211	213
Depreciation Expense	46	45	45	44	45	44	45	45	45	45	47
Restructuring Charge	0.06	0.02	0.21	0.08	0.01	0.20	0.00	0.00	0.02	0.23	-0.77
Other Special Charges / (Income)	-1.32	-	-4.76	-3.55	-	-	-0.02	0.04	-	-0.02	0.06
Total Other Income / (Expense), net	-23	-23	-24	-23	-18	-19	-18	-19	-19	-18	-21
Interest Expense	28	28	29	28	26	25	25	25	24	22	23
Interest & Investment Income	3.44	4.34	4.14	4.27	5.02	5.87	5.12	5.23	3.95	2.96	1.13
Other Income / (Expense), net	0.89	0.67	0.79	0.69	3.19	0.86	1.92	0.74	0.85	0.78	0.71
Income Tax Expense	0.29	0.52	0.38	0.39	0.31	0.23	0.33	0.36	0.34	0.38	0.39
Preferred Stock Dividends Declared	6.28	6.28	6.28	6.28	6.28	6.28	6.28	6.28	6.28	6.28	6.28
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.19	0.14	0.04	0.19	-0.19	0.11	-0.09	0.33	-0.13	0.19	0.09
Basic Earnings per Share	($0.02)	($0.01)	$0.09	$0.20	($0.01)	$0.01	$0.06	$0.22	$0.03	-	$0.07
Weighted Average Basic Shares Outstanding	150.91M	152.86M	153.07M	153.64M	152.97M	155.93M	154.56M	156.42M	159.48M	161.95M	160.37M
Diluted Earnings per Share	($0.02)	($0.01)	$0.09	$0.20	($0.01)	$0.01	$0.06	$0.22	$0.03	-	$0.07
Weighted Average Diluted Shares Outstanding	150.91M	153.48M	153.24M	154.11M	152.97M	156.56M	155.08M	156.74M	160.14M	162.29M	160.78M
Weighted Average Basic & Diluted Shares Outstanding	151.71M	151.96M	153.31M	155.02M	155.90M	155.78M	155.84M	157.48M	159.15M	162.56M	162.05M
Cash Dividends to Common per Share	$0.15	-	$0.15	$0.10	$0.10	-	$0.10	$0.08	$0.08	-	$0.05

This table details how cash moves in and out of RLJ Lodging Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-122	19	-177	-221	7.63	542	-274	135	334	-136	-70
Net Cash From Operating Activities	285	315	257	43	-169	397	395	261	331	329	299
Net Cash From Continuing Operating Activities	285	315	257	43	-169	397	395	261	331	329	299
Net Income / (Loss) Continuing Operations	68	77	42	-311	-409	129	191	76	201	220	136
Consolidated Net Income / (Loss)	68	77	42	-311	-409	129	191	76	201	220	136
Depreciation Expense	179	179	185	188	194	212	242	187	163	156	144
Amortization Expense	12	11	9.23	3.79	2.01	2.05	0.42	0.74	4.10	4.56	5.00
Non-Cash Adjustments To Reconcile Net Income	21	33	14	175	18	38	-23	0.72	-40	-14	25
Changes in Operating Assets and Liabilities, net	5.16	16	5.83	-12	26	16	-15	-3.60	3.33	-37	-12
Net Cash From Investing Activities	-276	-135	-136	-25	-67	530	277	65	185	-46	-611
Net Cash From Continuing Investing Activities	-276	-135	-136	-25	-67	530	277	65	185	-46	-611
Purchase of Property, Plant & Equipment	-136	-132	-124	-48	-73	-157	-198	-103	-84	-150	-119
Acquisitions	0.00	-2.40	-59	-175	0.00	0.00	-	-	0.00	-	-
Sale of Property, Plant & Equipment	20	0.00	48	199	5.17	686	475	180	269	246	133
Other Investing Activities, net	-159	0.00	-	-0.33	-0.10	-0.60	-0.35	-25	0.00	0.00	6.62
Net Cash From Financing Activities	-132	-161	-298	-239	243	-385	-946	-190	-182	-419	243
Net Cash From Continuing Financing Activities	-131	-161	-298	-239	243	-385	-946	-190	-182	-419	243
Repayment of Debt	-705	-327	-201	-1,206	-7.45	-529	-962	-7.34	-60	-167	-467
Repurchase of Common Equity	-22	-76	-58	0.00	-63	-78	-22	-2.61	-13	-225	0.00
Payment of Dividends	-95	-74	-41	-32	-86	-254	-259	-177	-165	-171	-126
Issuance of Debt	700	320	5.00	1,000	400	521	300	0.00	62	157	611
Other Financing Activities, net	-9.01	-4.40	-3.50	-1.26	-0.81	-0.59	-3.39	-2.82	-6.34	-12	-7.29

This table details how cash moves in and out of RLJ Lodging Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-61	8.98	17	16	-164	25	19	5.76	-31	-3.26	-16
Net Cash From Operating Activities	16	71	80	114	21	89	89	95	42	53	87
Net Cash From Continuing Operating Activities	16	71	80	114	21	89	89	95	42	53	87
Net Income / (Loss) Continuing Operations	3.17	5.51	21	37	4.75	8.04	16	42	11	6.80	18
Consolidated Net Income / (Loss)	3.17	5.51	21	37	4.75	8.04	16	42	11	6.80	18
Depreciation Expense	46	45	45	44	45	44	45	45	45	45	47
Amortization Expense	2.91	3.14	2.99	2.96	3.04	2.87	3.05	2.58	2.56	2.88	2.11
Non-Cash Adjustments To Reconcile Net Income	2.85	12	0.08	1.97	6.20	15	6.42	6.08	5.41	5.41	5.63
Changes in Operating Assets and Liabilities, net	-38	4.73	11	27	-38	19	19	-0.21	-21	-6.76	15
Net Cash From Investing Activities	-24	-29	-21	-67	-158	-33	-36	-33	-33	-38	-93
Net Cash From Continuing Investing Activities	-24	-29	-21	-67	-158	-33	-36	-33	-33	-38	-93
Purchase of Property, Plant & Equipment	-47	-29	-35	-39	-34	-30	-36	-33	-33	-38	-35
Acquisitions	0.00	159	-0.40	-	-	-2.40	-	-	-	-	-
Sale of Property, Plant & Equipment	24	-	-	-	-	-	-	-	-	-	-
Other Investing Activities, net	-1.00	-	-	-0.50	-1.50	-	-	-	0.00	-	50
Net Cash From Financing Activities	-54	-33	-42	-30	-27	-31	-34	-56	-40	-18	-11
Net Cash From Continuing Financing Activities	-54	-32	-42	-30	-27	-31	-34	-56	-40	-18	-11
Repurchase of Common Equity	-24	6.01	-15	-7.92	-5.28	-4.80	-15	-30	-26	-4.04	-2.56
Payment of Dividends	-30	-29	-22	-22	-22	-22	-19	-19	-14	-17	-7.91
Other Financing Activities, net	-0.11	-8.80	-0.07	-0.07	-0.07	-4.25	-0.05	-0.06	-0.04	-1.02	-0.02

This table presents RLJ Lodging Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	4,884	4,919	4,978	5,149	5,617	5,851	6,002	6,795	4,023	3,973	4,128
Total Current Assets	459	581	575	778	981	1,025	437	719	550	215	393
Cash & Equivalents	410	517	481	665	900	882	320	586	457	134	262
Restricted Cash	24	39	55	49	35	45	65	73	67	55	63
Accounts Receivable	25	26	39	31	13	40	52	60	26	26	26
Plant, Property, & Equipment, net	4,251	4,136	4,180	0.00	0.00	0.00	0.00	0.00	0.00	0.00	197
Total Noncurrent Assets	175	202	223	4,371	4,636	4,826	5,565	6,076	3,473	3,758	3,538
Long-Term Investments	7.46	7.40	6.98	6.52	6.80	15	22	24	0.00	-	-
Other Noncurrent Operating Assets	167	194	216	4,364	4,629	4,759	5,446	5,862	3,428	3,708	3,530
Total Liabilities & Shareholders' Equity	4,884	4,919	4,978	5,149	5,617	5,851	6,002	6,795	4,023	3,973	4,128
Total Liabilities	2,586	2,569	2,550	2,735	2,930	2,625	2,505	3,225	1,788	1,772	1,750
Total Current Liabilities	176	170	191	155	172	183	204	226	137	129	129
Accounts Payable	155	148	156	155	172	183	204	226	137	129	129
Accrued Expenses	21	23	21	-	-	-	-	-	-	-	-
Total Noncurrent Liabilities	2,410	2,398	2,358	2,580	2,757	2,442	2,304	2,999	1,651	1,643	1,621
Long-Term Debt	2,220	2,221	2,218	2,409	2,588	2,196	2,203	2,880	1,583	1,575	1,558
Capital Lease Obligations	119	123	117	-	-	-	-	-	-	-	-
Noncurrent Deferred Revenue	40	32	24	20	32	57	25	30	12	12	9.98
Other Noncurrent Operating Liabilities	31	23	-	150	138	188	73	82	45	46	45
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,298	2,351	2,429	2,414	2,687	3,226	3,497	3,570	2,235	2,201	2,378
Total Preferred & Common Equity	2,285	2,337	2,415	2,398	2,667	3,202	3,430	3,503	2,222	2,183	2,361
Preferred Stock	367	367	367	367	367	367	367	367	0.00	0.00	0.00
Total Common Equity	1,918	1,970	2,048	2,031	2,300	2,835	3,063	3,136	2,222	2,183	2,361
Common Stock	2,994	3,002	3,057	3,095	3,079	3,130	3,197	3,210	2,189	2,197	2,421
Retained Earnings	-1,090	-1,055	-1,049	-1,047	-710	-275	-150	-83	38	2.44	-46
Accumulated Other Comprehensive Income / (Loss)	14	23	41	-17	-69	-20	16	8.85	-4.90	-17	-14
Noncontrolling Interest	14	14	14	16	21	24	67	67	13	18	17

This table presents RLJ Lodging Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,818	4,888	4,918	4,890	4,940	4,933	4,932	4,967
Total Current Assets	400	451	438	418	653	636	623	582
Cash & Equivalents	348	385	371	350	495	477	474	488
Restricted Cash	25	39	36	41	36	34	31	52
Accounts Receivable	28	26	31	27	48	42	41	42
Plant, Property, & Equipment, net	4,226	4,257	4,275	4,249	0.00	0.00	0.00	4,171
Total Noncurrent Assets	192	180	205	223	4,287	4,297	4,309	213
Long-Term Investments	7.64	7.24	7.39	7.63	7.29	7.48	7.26	6.78
Other Noncurrent Operating Assets	184	173	198	215	4,280	4,289	4,301	68
Total Liabilities & Shareholders' Equity	4,818	4,888	4,918	4,890	4,940	4,933	4,932	4,967
Total Liabilities	2,570	2,572	2,570	2,552	2,556	2,532	2,539	2,528
Total Current Liabilities	159	167	172	174	151	127	145	160
Accounts Payable	148	155	150	139	151	127	145	151
Accrued Expenses	11	12	22	13	-	-	-	9.49
Total Noncurrent Liabilities	2,411	2,405	2,399	2,378	2,406	2,406	2,394	2,367
Long-Term Debt	2,221	2,219	2,223	2,222	2,220	2,219	2,219	2,213
Capital Lease Obligations	119	120	120	120	-	-	-	118
Noncurrent Deferred Revenue	41	37	33	36	31	25	-	22
Other Noncurrent Operating Liabilities	30	30	23	-	155	162	175	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,248	2,316	2,348	2,338	2,384	2,400	2,393	2,439
Total Preferred & Common Equity	2,234	2,302	2,334	2,324	2,370	2,386	2,379	2,425
Preferred Stock	367	367	367	367	367	367	367	367
Total Common Equity	1,867	1,935	1,967	1,957	2,003	2,019	2,013	2,057
Common Stock	2,975	2,992	3,002	3,004	3,005	3,013	3,036	3,057
Retained Earnings	-1,116	-1,066	-1,057	-1,072	-1,041	-1,036	-1,058	-1,042
Accumulated Other Comprehensive Income / (Loss)	8.49	8.84	22	25	40	42	34	42
Noncontrolling Interest	13	14	14	14	14	14	14	7.49

This table displays calculated financial ratios and metrics derived from RLJ Lodging Trust's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.31%	11.05%	51.93%	66.07%	-69.79%	-11.07%	29.86%	16.92%	2.08%	-48.78%	128.61%
EBITDA Growth	2.37%	6.39%	2,537.70%	76.23%	-113.28%	-20.33%	40.65%	-12.72%	18.27%	7.26%	12.77%
EBIT Growth	4.35%	18.78%	164.36%	18.82%	-220.16%	-27.50%	52.20%	-28.59%	29.74%	6.93%	12.86%
NOPAT Growth	3.12%	26.83%	185.55%	22.43%	-179.26%	-18.11%	124.55%	-52.26%	79.29%	-24.79%	16.30%
Net Income Growth	-11.00%	81.49%	113.57%	23.90%	-415.97%	-32.21%	152.00%	-62.38%	-8.42%	61.06%	19.53%
EPS Growth	-15.63%	220.00%	104.98%	22.99%	-542.37%	-36.56%	97.87%	-70.81%	-4.17%	60.00%	11.70%
Operating Cash Flow Growth	-9.43%	22.85%	497.10%	125.46%	-142.46%	0.63%	51.51%	-21.36%	0.74%	10.07%	18.87%
Free Cash Flow Firm Growth	-64.69%	1,989.01%	-114.48%	391.36%	-103.07%	37.49%	132.00%	-528.98%	228.05%	164.37%	-706.71%
Invested Capital Growth	1.58%	-2.43%	3.21%	-5.32%	-3.27%	-15.31%	-8.29%	75.09%	-8.15%	-0.67%	14.22%
Revenue Q/Q Growth	0.76%	1.34%	5.68%	23.02%	0.00%	-58.04%	18.79%	45.06%	-1.31%	-54.82%	0.00%
EBITDA Q/Q Growth	0.97%	0.36%	-0.16%	42.58%	-129.64%	-8.36%	-4.37%	-0.14%	11.99%	0.14%	2.85%
EBIT Q/Q Growth	1.36%	0.86%	1.01%	4.04%	-3,136.07%	-12.39%	-6.14%	-10.98%	22.00%	-1.01%	1.47%
NOPAT Q/Q Growth	1.04%	1.05%	17.93%	5.48%	0.00%	-75.86%	10.94%	-18.18%	67.73%	-30.70%	47.82%
Net Income Q/Q Growth	-3.58%	1.65%	464.07%	16.16%	-42.94%	5.71%	474.42%	-73.07%	0.73%	22.45%	333.67%
EPS Q/Q Growth	-6.90%	3.23%	0.00%	0.00%	0.00%	9.26%	20.78%	-58.41%	1.26%	25.37%	1.94%
Operating Cash Flow Q/Q Growth	-5.91%	12.94%	13.31%	169.66%	-3,485.67%	2.69%	7.66%	-9.61%	-4.34%	6.91%	2.95%
Free Cash Flow Firm Q/Q Growth	2,954.52%	-17.19%	-162.74%	254.58%	-113.92%	-39.15%	-17.46%	-1.41%	171.09%	-35.57%	21.39%
Invested Capital Q/Q Growth	-0.61%	1.60%	0.26%	-1.00%	0.39%	-1.43%	-0.46%	-3.52%	-6.16%	0.74%	-0.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	88.69%	100.00%	100.00%	39.01%	42.44%	45.93%	45.63%	76.04%
EBITDA Margin	25.93%	26.17%	27.31%	-1.70%	-11.89%	27.05%	30.20%	27.88%	37.35%	32.23%	15.39%
Operating Margin	11.55%	11.49%	10.26%	-25.12%	-53.77%	13.93%	16.29%	14.02%	22.96%	17.94%	8.63%
EBIT Margin	11.94%	11.82%	11.05%	-26.09%	-53.36%	13.41%	16.45%	14.04%	22.99%	18.09%	8.66%
Profit (Net Income) Margin	4.98%	5.78%	3.54%	-39.60%	-86.41%	8.26%	10.84%	5.58%	17.35%	19.34%	6.15%
Tax Burden Percent	97.71%	98.39%	96.53%	100.38%	114.56%	102.99%	95.60%	64.26%	96.09%	0.00%	99.42%
Interest Burden Percent	42.68%	49.70%	33.15%	151.21%	141.35%	59.80%	68.90%	61.90%	78.58%	0.00%	71.42%
Effective Tax Rate	2.29%	1.61%	3.47%	0.00%	0.00%	-2.99%	4.40%	35.74%	3.91%	0.00%	0.83%
Return on Invested Capital (ROIC)	3.71%	3.58%	2.83%	-3.27%	-4.04%	4.60%	4.96%	2.70%	7.44%	3.97%	5.61%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.98%	-0.50%	-1.51%	-13.65%	-19.96%	-1.66%	0.78%	-0.16%	2.97%	9.85%	0.86%
Return on Net Nonoperating Assets (RNNOA)	-0.78%	-0.38%	-1.09%	-8.92%	-9.78%	-0.75%	0.44%	-0.09%	1.64%	5.63%	0.43%
Return on Equity (ROE)	2.93%	3.21%	1.74%	-12.20%	-13.83%	3.85%	5.40%	2.61%	9.08%	9.60%	6.03%
Cash Return on Invested Capital (CROIC)	2.14%	6.05%	-0.32%	2.19%	-0.72%	21.18%	13.61%	-51.90%	15.93%	4.64%	-7.67%
Operating Return on Assets (OROA)	3.34%	3.17%	2.61%	-3.81%	-4.40%	3.54%	4.53%	3.52%	6.67%	5.07%	4.90%
Return on Assets (ROA)	1.39%	1.55%	0.83%	-5.78%	-7.13%	2.18%	2.98%	1.40%	5.04%	5.43%	3.48%
Return on Common Equity (ROCE)	2.45%	2.70%	1.47%	-10.35%	-12.00%	3.38%	4.74%	2.41%	9.01%	9.53%	5.98%
Return on Equity Simple (ROE_SIMPLE)	2.98%	3.28%	1.75%	-12.97%	-15.33%	4.04%	5.56%	2.16%	9.06%	10.07%	5.78%
Net Operating Profit after Tax (NOPAT)	155	150	118	-138	-178	225	274	122	256	143	190
NOPAT Margin	11.28%	11.31%	9.90%	-17.58%	-37.64%	14.34%	15.58%	9.01%	22.06%	12.56%	8.56%
Net Nonoperating Expense Percent (NNEP)	4.69%	4.08%	4.35%	10.37%	15.92%	6.26%	4.18%	2.85%	4.47%	-5.89%	4.75%
Return On Investment Capital (ROIC_SIMPLE)	3.33%	3.19%	2.48%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	11.31%	0.00%	0.00%	60.99%	57.56%	54.07%	54.37%	23.96%
SG&A Expenses to Revenue	68.11%	67.42%	67.08%	71.16%	91.46%	64.01%	2.79%	2.98%	2.72%	3.33%	1.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	88.45%	88.51%	89.74%	113.81%	153.77%	86.07%	22.72%	28.42%	22.97%	27.68%	17.40%
Earnings before Interest and Taxes (EBIT)	164	157	132	-205	-252	210	290	190	267	206	192
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	355	347	326	-13	-56	424	532	378	433	366	341
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.82	0.88	0.77	1.07	0.95	0.99	0.81	0.99	1.04	0.89	1.27
Price to Tangible Book Value (P/TBV)	0.82	0.88	0.77	1.07	0.95	0.99	0.82	1.03	1.04	0.89	1.27
Price to Revenue (P/Rev)	1.14	1.31	1.32	2.77	4.61	1.79	1.41	2.28	1.99	1.71	1.36
Price to Earnings (P/E)	36.48	33.88	93.80	0.00	0.00	27.37	15.17	46.62	11.52	8.89	22.20
Dividend Yield	4.90%	3.23%	1.23%	0.31%	0.30%	8.01%	9.33%	7.45%	7.11%	8.55%	4.57%
Earnings Yield	2.74%	2.95%	1.07%	0.00%	0.00%	3.65%	6.59%	2.15%	8.68%	11.25%	4.51%
Enterprise Value to Invested Capital (EV/IC)	0.92	0.94	0.89	1.03	0.97	0.99	0.89	0.99	1.03	0.93	1.18
Enterprise Value to Revenue (EV/Rev)	2.81	2.94	3.14	5.40	8.91	2.84	2.67	4.22	2.91	2.94	1.92
Enterprise Value to EBITDA (EV/EBITDA)	10.83	11.24	11.50	0.00	0.00	10.52	8.86	15.15	7.80	9.13	12.46
Enterprise Value to EBIT (EV/EBIT)	23.51	24.88	28.42	0.00	0.00	21.21	16.25	30.10	12.68	16.27	22.14
Enterprise Value to NOPAT (EV/NOPAT)	24.88	26.02	31.73	0.00	0.00	19.83	17.17	46.90	13.21	23.43	22.42
Enterprise Value to Operating Cash Flow (EV/OCF)	13.47	12.37	14.61	98.84	0.00	11.21	11.93	21.99	10.20	10.17	14.24
Enterprise Value to Free Cash Flow (EV/FCFF)	43.05	15.42	0.00	45.91	0.00	4.31	6.26	0.00	6.17	20.01	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	1.00	0.96	1.00	0.96	0.68	0.63	0.81	0.71	0.72	0.65
Long-Term Debt to Equity	1.02	1.00	0.96	1.00	0.96	0.68	0.63	0.81	0.71	0.72	0.65
Financial Leverage	0.79	0.75	0.72	0.65	0.49	0.45	0.56	0.56	0.55	0.57	0.50
Leverage Ratio	2.11	2.07	2.09	2.11	1.94	1.76	1.81	1.86	1.80	1.77	1.73
Compound Leverage Factor	0.90	1.03	0.69	3.19	2.74	1.05	1.25	1.15	1.42	0.00	1.24
Debt to Total Capital	50.44%	49.92%	49.01%	49.95%	49.06%	40.49%	38.65%	44.65%	41.45%	41.72%	39.57%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	50.44%	49.92%	49.01%	49.95%	49.06%	40.49%	38.65%	44.65%	41.45%	41.72%	39.57%
Preferred Equity to Total Capital	7.91%	7.82%	7.70%	7.61%	6.96%	6.77%	6.44%	5.69%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.30%	0.30%	0.29%	0.34%	0.40%	0.45%	1.18%	1.04%	0.35%	0.47%	0.44%
Common Equity to Total Capital	41.35%	41.97%	42.99%	42.10%	43.59%	52.29%	53.74%	48.61%	58.20%	57.81%	59.98%
Debt to EBITDA	6.59	6.76	7.16	-180.16	-45.99	5.18	4.14	7.62	3.65	4.30	4.56
Net Debt to EBITDA	5.35	5.13	5.49	-126.29	-29.26	2.96	3.38	5.81	2.44	3.78	3.61
Long-Term Debt to EBITDA	6.59	6.76	7.16	-180.16	-45.99	5.18	4.14	7.62	3.65	4.30	4.56
Debt to NOPAT	15.14	15.64	19.76	-17.44	-14.53	9.77	8.03	23.58	6.18	11.04	8.21
Net Debt to NOPAT	12.28	11.88	15.16	-12.23	-9.24	5.58	6.54	17.99	4.14	9.71	6.49
Long-Term Debt to NOPAT	15.14	15.64	19.76	-17.44	-14.53	9.77	8.03	23.58	6.18	11.04	8.21
Altman Z-Score	0.51	0.58	0.50	0.36	0.38	1.14	1.06	0.94	1.42	1.14	1.78
Noncontrolling Interest Sharing Ratio	16.38%	15.94%	15.78%	15.11%	13.17%	12.27%	12.29%	7.71%	0.70%	0.77%	0.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.61	3.41	3.01	5.02	5.69	5.59	2.14	3.19	4.01	1.67	3.04
Quick Ratio	2.48	3.19	2.72	4.49	5.30	5.03	1.83	2.86	3.52	1.24	2.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	89	253	-13	92	-32	1,035	752	-2,352	548	167	-260
Operating Cash Flow to CapEx	243.99%	238.11%	336.61%	0.00%	-247.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.80	2.56	-0.14	0.88	-0.32	11.31	7.87	-30.02	9.32	3.05	-4.57
Operating Cash Flow to Interest Expense	2.56	3.18	2.75	0.41	-1.68	4.34	4.13	3.33	5.63	6.00	5.26
Operating Cash Flow Less CapEx to Interest Expense	1.51	1.85	1.93	1.83	-2.36	10.12	7.03	4.31	8.78	7.77	5.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.27	0.24	0.15	0.08	0.26	0.28	0.25	0.29	0.28	0.57
Accounts Receivable Turnover	53.02	40.98	34.29	35.36	17.82	34.09	31.42	31.53	44.81	44.18	91.57
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.33	0.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.54	0.00	0.00	5.00	4.30	4.71	4.78	4.35
Days Sales Outstanding (DSO)	6.88	8.91	10.64	10.32	20.49	10.71	11.62	11.58	8.15	8.26	3.99
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	672.60	0.00	0.00	72.97	84.80	77.48	76.38	83.91
Cash Conversion Cycle (CCC)	6.88	8.91	10.64	-662.28	20.49	10.71	-61.35	-73.22	-69.33	-68.11	-79.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,197	4,131	4,234	4,103	4,334	4,480	5,290	5,768	3,294	3,586	3,611
Invested Capital Turnover	0.33	0.32	0.29	0.19	0.11	0.32	0.32	0.30	0.34	0.32	0.66
Increase / (Decrease) in Invested Capital	65	-103	132	-231	-146	-810	-478	2,474	-292	-24	449
Enterprise Value (EV)	3,844	3,899	3,749	4,246	4,216	4,456	4,710	5,730	3,381	3,344	4,256
Market Capitalization	1,565	1,738	1,577	2,174	2,182	2,811	2,480	3,098	2,308	1,940	3,006
Book Value per Share	$12.51	$12.64	$12.64	$12.19	$13.94	$16.63	$17.47	$17.93	$17.88	$17.36	$17.88
Tangible Book Value per Share	$12.51	$12.64	$12.64	$12.19	$13.94	$16.63	$17.17	$17.17	$17.87	$17.36	$17.88
Total Capital	4,637	4,694	4,763	4,823	5,275	5,422	5,700	6,451	3,818	3,776	3,936
Total Debt	2,339	2,343	2,335	2,409	2,588	2,196	2,203	2,880	1,583	1,575	1,558
Total Long-Term Debt	2,339	2,343	2,335	2,409	2,588	2,196	2,203	2,880	1,583	1,575	1,558
Net Debt	1,898	1,781	1,791	1,689	1,646	1,253	1,796	2,198	1,059	1,386	1,232
Capital Expenditures (CapEx)	117	132	76	-150	68	-529	-277	-77	-185	-97	-14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-150	-144	-153	-91	-126	-85	-152	-166	-111	-103	-62
Debt-free Net Working Capital (DFNWC)	283	411	384	623	809	842	233	493	413	86	264
Net Working Capital (NWC)	283	411	384	623	809	842	233	493	413	86	264
Net Nonoperating Expense (NNE)	86	73	76	173	231	95	83	46	55	-77	53
Net Nonoperating Obligations (NNO)	1,898	1,781	1,806	1,689	1,646	1,253	1,793	2,198	1,059	1,386	1,232
Total Depreciation and Amortization (D&A)	192	190	194	192	196	214	242	188	167	161	149
Debt-free, Cash-free Net Working Capital to Revenue	-10.96%	-10.88%	-12.79%	-11.54%	-26.66%	-5.43%	-8.61%	-12.21%	-9.57%	-9.10%	-2.78%
Debt-free Net Working Capital to Revenue	20.69%	31.02%	32.14%	79.32%	170.93%	53.76%	13.24%	36.38%	35.59%	7.59%	11.90%
Net Working Capital to Revenue	20.69%	31.02%	32.14%	79.32%	170.93%	53.76%	13.24%	36.38%	35.59%	7.59%	11.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.27	$0.32	$0.10	($2.01)	($2.61)	$0.59	$0.93	$0.47	$1.61	$1.69	$1.06
Adjusted Weighted Average Basic Shares Outstanding	152.86M	155.93M	161.95M	164.00M	164.50M	171.29M	174.23M	140.62M	123.65M	128.44M	127.36M
Adjusted Diluted Earnings per Share	$0.27	$0.32	$0.10	($2.01)	($2.61)	$0.59	$0.93	$0.47	$1.61	$1.68	$1.05
Adjusted Weighted Average Diluted Shares Outstanding	153.48M	156.56M	162.29M	164.00M	164.50M	171.39M	174.32M	140.69M	123.88M	128.97M	128.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	151.96M	155.78M	162.56M	166.48M	164.97M	168.59M	173.69M	174.85M	124.62M	124.63M	131.93M
Normalized Net Operating Profit after Tax (NOPAT)	147	150	117	-35	-180	163	247	145	212	146	203
Normalized NOPAT Margin	10.72%	11.32%	9.79%	-4.46%	-38.06%	10.41%	14.01%	10.69%	18.27%	12.81%	9.17%
Pre Tax Income Margin	5.10%	5.87%	3.66%	-39.44%	-75.43%	8.02%	11.34%	8.69%	18.06%	0.00%	6.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.47	1.58	1.42	-1.94	-2.52	2.30	3.03	2.43	4.53	3.75	3.38
NOPAT to Interest Expense	1.39	1.51	1.27	-1.31	-1.78	2.46	2.87	1.56	4.35	2.61	3.34
EBIT Less CapEx to Interest Expense	0.42	0.25	0.60	-0.52	-3.20	8.07	5.93	3.41	7.68	5.51	3.63
NOPAT Less CapEx to Interest Expense	0.34	0.18	0.45	0.12	-2.46	8.23	5.77	2.54	7.50	4.37	3.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	139.21%	96.99%	97.16%	-10.23%	-21.07%	196.10%	135.61%	234.35%	81.77%	78.00%	92.34%
Augmented Payout Ratio	171.47%	196.15%	233.70%	-10.23%	-36.38%	256.26%	147.04%	237.79%	88.37%	180.44%	92.34%

This table displays calculated financial ratios and metrics derived from RLJ Lodging Trust's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.14%	3.22%	3.39%	3.46%	3.15%	5.80%	5.14%	8.01%	29.48%	26.92%	36.06%
EBITDA Growth	2.79%	4.53%	11.13%	-0.15%	-5.58%	1.68%	-4.61%	2.83%	35.65%	-0.71%	137.85%
EBIT Growth	4.11%	7.92%	25.46%	-0.16%	-14.65%	5.04%	-8.03%	8.02%	245.33%	5.29%	114.13%
NOPAT Growth	11.67%	2.34%	30.41%	-0.27%	-25.20%	7.68%	-11.13%	8.99%	2,353.32%	27.73%	119.21%
Net Income Growth	-33.16%	-31.46%	26.31%	-10.62%	-54.86%	18.25%	-7.58%	25.66%	167.97%	124.34%	111.65%
EPS Growth	-100.00%	-200.00%	50.00%	-9.09%	-133.33%	0.00%	-14.29%	37.50%	123.08%	0.00%	107.45%
Operating Cash Flow Growth	-21.51%	-20.15%	-10.07%	19.38%	-50.58%	68.30%	1.96%	-10.30%	308.30%	132.69%	97.36%
Free Cash Flow Firm Growth	166.05%	-129.84%	-158.68%	-563.86%	-217.90%	220.34%	567.40%	-90.92%	80.47%	-143.00%	-59.32%
Invested Capital Growth	-2.23%	1.58%	3.84%	4.29%	4.98%	-2.43%	-3.72%	0.87%	-2.96%	3.21%	1.90%
Revenue Q/Q Growth	-0.57%	-4.56%	-6.38%	13.84%	1.47%	-4.40%	-6.32%	13.50%	4.07%	-4.99%	-3.76%
EBITDA Q/Q Growth	-2.73%	-16.16%	-14.10%	46.74%	-1.09%	-10.87%	-22.82%	38.76%	6.52%	-16.38%	-16.80%
EBIT Q/Q Growth	-7.73%	-34.52%	-25.71%	132.00%	-4.36%	-23.89%	-40.88%	98.33%	17.70%	-33.36%	-30.56%
NOPAT Q/Q Growth	-8.54%	-39.37%	-26.74%	174.91%	-16.18%	-22.74%	-43.98%	106.20%	20.66%	-36.24%	-31.29%
Net Income Q/Q Growth	-42.44%	-73.30%	-44.64%	685.74%	-40.97%	-50.80%	-60.83%	296.80%	54.64%	-61.55%	-46.74%
EPS Q/Q Growth	-100.00%	-111.11%	-55.00%	2,100.00%	-200.00%	-83.33%	-72.73%	633.33%	0.00%	0.00%	-56.25%
Operating Cash Flow Q/Q Growth	-77.05%	-11.33%	-29.45%	446.67%	-76.65%	-0.13%	-6.33%	126.32%	-20.50%	-39.50%	-17.59%
Free Cash Flow Firm Q/Q Growth	412.14%	65.60%	3.07%	36.54%	-241.02%	-32.35%	666.23%	-83.87%	243.93%	-162.75%	-114.89%
Invested Capital Q/Q Growth	0.27%	-0.61%	-1.25%	-0.65%	4.17%	1.60%	-0.82%	0.01%	-3.18%	0.26%	3.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	91.71%	117.15%	100.00%	92.21%	91.42%	115.43%	100.00%	93.08%	92.16%	114.46%	93.48%
EBITDA Margin	23.25%	23.76%	27.05%	29.49%	22.88%	23.47%	25.17%	30.55%	24.99%	24.42%	27.74%
Operating Margin	8.14%	8.86%	12.98%	16.46%	7.18%	8.40%	10.31%	17.04%	9.60%	8.47%	12.22%
EBIT Margin	8.41%	9.06%	13.21%	16.64%	8.17%	8.66%	10.88%	17.25%	9.87%	8.73%	12.44%
Profit (Net Income) Margin	0.97%	1.67%	5.97%	10.10%	1.46%	2.51%	4.89%	11.69%	3.34%	2.25%	5.56%
Tax Burden Percent	91.52%	91.41%	98.20%	98.96%	93.89%	97.24%	98.01%	99.15%	96.88%	94.72%	97.84%
Interest Burden Percent	12.57%	20.17%	46.04%	61.31%	19.08%	29.85%	45.82%	68.35%	34.97%	27.22%	45.68%
Effective Tax Rate	8.48%	8.59%	1.80%	1.04%	6.11%	2.76%	1.99%	0.85%	3.12%	5.28%	2.16%
Return on Invested Capital (ROIC)	2.40%	2.66%	4.18%	5.24%	2.14%	2.59%	3.19%	5.35%	2.83%	2.30%	3.23%
ROIC Less NNEP Spread (ROIC-NNEP)	1.32%	1.51%	2.87%	3.98%	1.21%	1.58%	2.18%	4.24%	1.76%	1.30%	2.06%
Return on Net Nonoperating Assets (RNNOA)	1.13%	1.19%	2.20%	3.04%	0.94%	1.19%	1.57%	2.95%	1.28%	0.94%	1.48%
Return on Equity (ROE)	3.53%	3.86%	6.37%	8.28%	3.08%	3.77%	4.76%	8.29%	4.11%	3.23%	4.71%
Cash Return on Invested Capital (CROIC)	5.96%	2.14%	-0.08%	-0.79%	-1.45%	6.05%	7.37%	2.87%	6.55%	-0.32%	0.51%
Operating Return on Assets (OROA)	2.38%	2.53%	3.65%	4.55%	2.22%	2.32%	2.87%	4.52%	2.53%	2.06%	2.79%
Return on Assets (ROA)	0.27%	0.47%	1.65%	2.76%	0.40%	0.67%	1.29%	3.06%	0.86%	0.53%	1.24%
Return on Common Equity (ROCE)	2.95%	3.22%	5.34%	6.95%	2.59%	3.17%	4.00%	6.98%	3.46%	2.72%	3.97%
Return on Equity Simple (ROE_SIMPLE)	2.98%	0.00%	3.07%	2.85%	3.05%	0.00%	3.18%	3.22%	2.87%	0.00%	0.31%
Net Operating Profit after Tax (NOPAT)	24	27	44	60	22	26	34	60	29	24	38
NOPAT Margin	7.45%	8.09%	12.74%	16.29%	6.74%	8.16%	10.10%	16.89%	9.30%	8.02%	11.95%
Net Nonoperating Expense Percent (NNEP)	1.08%	1.15%	1.30%	1.26%	0.93%	1.01%	1.01%	1.11%	1.07%	1.00%	1.16%
Return On Investment Capital (ROIC_SIMPLE)	0.53%	0.58%	-	-	-	0.56%	-	-	-	0.51%	-
Cost of Revenue to Revenue	8.29%	-17.15%	0.00%	7.79%	8.58%	-15.43%	0.00%	6.92%	7.84%	-14.46%	6.52%
SG&A Expenses to Revenue	70.00%	69.40%	68.37%	64.65%	70.46%	70.14%	68.27%	63.45%	68.25%	69.85%	66.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	83.57%	99.86%	87.02%	75.76%	92.82%	99.33%	89.69%	76.05%	90.40%	105.99%	81.26%
Earnings before Interest and Taxes (EBIT)	28	30	46	61	26	28	36	62	31	26	40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	76	78	94	109	74	75	84	109	79	74	88
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.64	0.82	0.74	0.76	0.93	0.88	0.74	0.78	0.82	0.77	0.76
Price to Tangible Book Value (P/TBV)	0.64	0.82	0.74	0.76	0.93	0.88	0.74	0.78	0.82	0.77	0.76
Price to Revenue (P/Rev)	0.87	1.14	1.05	1.11	1.36	1.31	1.13	1.22	1.30	1.32	1.37
Price to Earnings (P/E)	29.01	36.48	31.30	36.36	39.99	33.88	29.54	30.78	38.54	93.80	0.00
Dividend Yield	6.97%	4.90%	4.90%	4.15%	3.25%	3.23%	3.31%	2.63%	1.88%	1.23%	0.84%
Earnings Yield	3.45%	2.74%	3.19%	2.75%	2.50%	2.95%	3.39%	3.25%	2.59%	1.07%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.84	0.92	0.88	0.89	0.96	0.94	0.87	0.89	0.91	0.89	0.88
Enterprise Value to Revenue (EV/Rev)	2.58	2.81	2.73	2.83	3.11	2.94	2.71	2.83	2.95	3.14	3.29
Enterprise Value to EBITDA (EV/EBITDA)	9.91	10.83	10.55	11.13	12.11	11.24	10.24	10.45	10.77	11.50	11.37
Enterprise Value to EBIT (EV/EBIT)	21.50	23.51	23.00	25.06	27.26	24.88	22.78	23.05	24.25	28.42	28.42
Enterprise Value to NOPAT (EV/NOPAT)	22.43	24.88	24.26	26.70	29.01	26.02	23.86	23.96	25.34	31.73	37.04
Enterprise Value to Operating Cash Flow (EV/OCF)	12.60	13.47	12.23	12.20	14.11	12.37	12.68	13.18	12.95	14.61	16.39
Enterprise Value to Free Cash Flow (EV/FCFF)	13.95	43.05	0.00	0.00	0.00	15.42	11.59	31.20	13.70	0.00	173.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.04	1.02	1.01	1.00	1.00	1.00	0.93	0.92	0.93	0.96	0.96
Long-Term Debt to Equity	1.04	1.02	1.01	1.00	1.00	1.00	0.93	0.92	0.93	0.96	0.96
Financial Leverage	0.86	0.79	0.76	0.76	0.78	0.75	0.72	0.70	0.73	0.72	0.72
Leverage Ratio	2.12	2.11	2.09	2.07	2.08	2.07	2.05	2.05	2.05	2.09	2.07
Compound Leverage Factor	0.27	0.43	0.96	1.27	0.40	0.62	0.94	1.40	0.72	0.57	0.95
Debt to Total Capital	51.01%	50.44%	50.24%	49.94%	50.05%	49.92%	48.22%	48.04%	48.11%	49.01%	48.86%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	51.01%	50.44%	50.24%	49.94%	50.05%	49.92%	48.22%	48.04%	48.11%	49.01%	48.86%
Preferred Equity to Total Capital	8.00%	7.91%	7.88%	7.82%	7.84%	7.82%	7.97%	7.94%	7.96%	7.70%	7.69%
Noncontrolling Interests to Total Capital	0.29%	0.30%	0.29%	0.29%	0.29%	0.30%	0.30%	0.30%	0.30%	0.29%	0.16%
Common Equity to Total Capital	40.70%	41.35%	41.58%	41.94%	41.82%	41.97%	43.51%	43.71%	43.63%	42.99%	43.12%
Debt to EBITDA	6.55	6.59	6.65	6.84	6.84	6.76	6.42	6.35	6.40	7.16	7.14
Net Debt to EBITDA	5.49	5.35	5.42	5.63	5.68	5.13	4.87	4.86	4.92	5.49	5.46
Long-Term Debt to EBITDA	6.55	6.59	6.65	6.84	6.84	6.76	6.42	6.35	6.40	7.16	7.14
Debt to NOPAT	14.83	15.14	15.29	16.42	16.38	15.64	14.97	14.54	15.07	19.76	23.26
Net Debt to NOPAT	12.42	12.28	12.47	13.51	13.59	11.88	11.34	11.14	11.58	15.16	17.81
Long-Term Debt to NOPAT	14.83	15.14	15.29	16.42	16.38	15.64	14.97	14.54	15.07	19.76	23.26
Altman Z-Score	0.32	0.42	0.41	0.43	0.47	0.49	0.46	0.51	0.48	0.43	0.43
Noncontrolling Interest Sharing Ratio	16.60%	16.38%	16.20%	16.04%	16.09%	15.94%	15.82%	15.85%	15.85%	15.78%	15.72%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.52	2.61	2.70	2.55	2.40	3.41	4.34	5.01	4.31	3.01	3.63
Quick Ratio	2.36	2.48	2.47	2.34	2.17	3.19	3.60	4.09	3.56	2.72	3.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	120	-39	-112	-116	-182	129	191	25	154	-107	-41
Operating Cash Flow to CapEx	71.89%	241.29%	230.99%	294.28%	61.45%	292.91%	246.00%	286.98%	128.76%	140.40%	247.96%
Free Cash Flow to Firm to Interest Expense	4.37	-1.37	-3.89	-4.12	-6.88	5.10	7.69	1.01	6.40	-4.84	-1.81
Operating Cash Flow to Interest Expense	0.59	2.52	2.78	4.05	0.78	3.52	3.59	3.85	1.74	2.39	3.86
Operating Cash Flow Less CapEx to Interest Expense	-0.23	1.47	1.58	2.67	-0.49	2.32	2.13	2.51	0.39	0.69	2.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.28	0.28	0.27	0.27	0.27	0.26	0.26	0.26	0.24	0.22
Accounts Receivable Turnover	50.61	53.02	36.52	37.10	39.32	40.98	28.94	31.24	32.01	34.29	31.72
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.32	0.33	0.00	0.00	0.00	0.32	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.70	0.78	0.73	0.00	0.61	0.85	0.81	0.00	0.60
Days Sales Outstanding (DSO)	7.21	6.88	9.99	9.84	9.28	8.91	12.61	11.68	11.40	10.64	11.51
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	518.86	469.62	500.14	0.00	594.17	428.19	449.10	0.00	610.93
Cash Conversion Cycle (CCC)	7.21	6.88	-508.86	-459.78	-490.86	8.91	-581.56	-416.51	-437.70	10.64	-599.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,208	4,197	4,222	4,276	4,304	4,131	4,066	4,100	4,100	4,234	4,223
Invested Capital Turnover	0.32	0.33	0.33	0.32	0.32	0.32	0.32	0.32	0.30	0.29	0.27
Increase / (Decrease) in Invested Capital	-96	65	156	176	204	-103	-157	35	-125	132	79
Enterprise Value (EV)	3,540	3,844	3,711	3,810	4,147	3,899	3,539	3,655	3,733	3,749	3,711
Market Capitalization	1,199	1,565	1,423	1,501	1,823	1,738	1,476	1,574	1,646	1,577	1,553
Book Value per Share	$12.29	$12.51	$12.48	$12.62	$12.79	$12.64	$12.72	$12.69	$12.38	$12.64	$12.64
Tangible Book Value per Share	$12.29	$12.51	$12.48	$12.62	$12.79	$12.64	$12.72	$12.69	$12.38	$12.64	$12.64
Total Capital	4,588	4,637	4,654	4,690	4,680	4,694	4,604	4,619	4,613	4,763	4,770
Total Debt	2,340	2,339	2,338	2,343	2,342	2,343	2,220	2,219	2,219	2,335	2,331
Total Long-Term Debt	2,340	2,339	2,338	2,343	2,342	2,343	2,220	2,219	2,219	2,335	2,331
Net Debt	1,960	1,898	1,907	1,928	1,944	1,781	1,682	1,700	1,706	1,791	1,784
Capital Expenditures (CapEx)	23	29	35	39	34	30	36	33	33	38	35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-131	-150	-141	-141	-147	-144	-28	-2.55	-27	-153	-118
Debt-free Net Working Capital (DFNWC)	241	283	284	267	244	411	502	509	479	384	422
Net Working Capital (NWC)	241	283	284	267	244	411	502	509	479	384	422
Net Nonoperating Expense (NNE)	21	21	23	23	17	18	17	19	19	17	20
Net Nonoperating Obligations (NNO)	1,960	1,898	1,907	1,928	1,966	1,781	1,682	1,700	1,706	1,806	1,784
Total Depreciation and Amortization (D&A)	49	49	48	47	48	47	48	48	48	47	49
Debt-free, Cash-free Net Working Capital to Revenue	-9.56%	-10.96%	-10.35%	-10.44%	-11.03%	-10.88%	-2.13%	-0.20%	-2.13%	-12.79%	-10.45%
Debt-free Net Working Capital to Revenue	17.56%	20.69%	20.88%	19.77%	18.25%	31.02%	38.41%	39.39%	37.83%	32.14%	37.32%
Net Working Capital to Revenue	17.56%	20.69%	20.88%	19.77%	18.25%	31.02%	38.41%	39.39%	37.83%	32.14%	37.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.02)	($0.01)	$0.09	$0.20	($0.01)	$0.01	$0.06	$0.22	$0.03	$0.00	$0.07
Adjusted Weighted Average Basic Shares Outstanding	150.91M	152.86M	153.07M	153.64M	152.97M	155.93M	154.56M	156.42M	159.48M	161.95M	160.37M
Adjusted Diluted Earnings per Share	($0.02)	($0.01)	$0.09	$0.20	($0.01)	$0.01	$0.06	$0.22	$0.03	$0.00	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	150.91M	153.48M	153.24M	154.11M	152.97M	156.56M	155.08M	156.74M	160.14M	162.29M	160.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	151.71M	151.96M	153.31M	155.02M	155.90M	155.78M	155.84M	157.48M	159.15M	162.56M	162.05M
Normalized Net Operating Profit after Tax (NOPAT)	23	27	40	57	22	26	34	60	29	24	37
Normalized NOPAT Margin	7.09%	8.10%	11.45%	15.36%	6.75%	8.22%	10.10%	16.91%	9.31%	8.09%	11.73%
Pre Tax Income Margin	1.06%	1.83%	6.08%	10.20%	1.56%	2.59%	4.99%	11.79%	3.45%	2.38%	5.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.00	1.06	1.59	2.19	1.00	1.09	1.47	2.49	1.29	1.19	1.75
NOPAT to Interest Expense	0.89	0.95	1.53	2.14	0.83	1.03	1.36	2.44	1.21	1.09	1.68
EBIT Less CapEx to Interest Expense	0.18	0.02	0.38	0.82	-0.28	-0.11	0.01	1.15	-0.07	-0.51	0.19
NOPAT Less CapEx to Interest Expense	0.06	-0.10	0.33	0.77	-0.45	-0.17	-0.10	1.10	-0.14	-0.61	0.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	154.06%	139.21%	123.73%	127.36%	115.37%	96.99%	92.13%	76.20%	69.58%	97.16%	426.83%
Augmented Payout Ratio	215.09%	171.47%	170.11%	176.75%	192.76%	196.15%	191.92%	158.30%	190.98%	233.70%	1,110.25%

Frequently Asked Questions About RLJ Lodging Trust's Financials

When does RLJ Lodging Trust's financial year end?

According to the most recent income statement we have on file, RLJ Lodging Trust's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has RLJ Lodging Trust's net income changed over the last 10 years?

RLJ Lodging Trust's net income appears to be on a downward trend, with a most recent value of $68.19 million in 2024, falling from $136.48 million in 2014. The previous period was $76.62 million in 2023. Check out RLJ Lodging Trust's forecast to explore projected trends and price targets.

What is RLJ Lodging Trust's operating income?

RLJ Lodging Trust's total operating income in 2024 was $158.16 million, based on the following breakdown:

Total Gross Profit: $1.37 billion
Total Operating Expenses: $1.21 billion

How has RLJ Lodging Trust revenue changed over the last 10 years?

Over the last 10 years, RLJ Lodging Trust's total revenue changed from $2.22 billion in 2014 to $1.37 billion in 2024, a change of -38.3%.

How much debt does RLJ Lodging Trust have?

RLJ Lodging Trust's total liabilities were at $2.59 billion at the end of 2024, a 0.7% increase from 2023, and a 47.8% increase since 2014.

How much cash does RLJ Lodging Trust have?

In the past 10 years, RLJ Lodging Trust's cash and equivalents has ranged from $134.19 million in 2015 to $899.81 million in 2020, and is currently $409.81 million as of their latest financial filing in 2024.

How has RLJ Lodging Trust's book value per share changed over the last 10 years?

Over the last 10 years, RLJ Lodging Trust's book value per share changed from 17.88 in 2014 to 12.51 in 2024, a change of -30.1%.

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This page (NYSE:RLJ) was last updated on 5/30/2025 by MarketBeat.com Staff

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RLJ Lodging Trust (RLJ) Financials

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RLJ Lodging Trust (RLJ) Financials

Annual Income Statements for RLJ Lodging Trust

Quarterly Income Statements for RLJ Lodging Trust

Annual Cash Flow Statements for RLJ Lodging Trust

Quarterly Cash Flow Statements for RLJ Lodging Trust

Annual Balance Sheets for RLJ Lodging Trust

Quarterly Balance Sheets for RLJ Lodging Trust

Annual Metrics And Ratios for RLJ Lodging Trust

Quarterly Metrics And Ratios for RLJ Lodging Trust

Frequently Asked Questions About RLJ Lodging Trust's Financials

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