RLJ Lodging Trust: Growing Topline And A Beneficiary Of Lower Rates [Seeking Alpha]
RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value (RLJ)
Last rlj lodging trust common shares of beneficial interest $0.01 par value earnings: 2/25 04:30 pm
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US:NYSE Investor Relations:
investor.rljlodgingtrust.com
Company Research
Source: Seeking Alpha
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. Net debt accounts for 49% of RLJ's enterprise value, with elevated leverage both a risk and an opportunity. The market cap rate of about 5.6% post capex spending, coupled with a growing EBITDA, creates a high single-digit return opportunity. Introduction RLJ Lodging Trust ( NYSE: RLJ ) outperformed the Vanguard Real Estate Index Fund ETF ( VNQ ) over the past year, with hotel REITs delivering some of the strongest topline growth in the REIT sector, driven by an operational recovery following the COVID-19 pandemic: I think the outperformance is set to continue, with RLJ benefitting from internal growth drivers and interest rate cuts from the Federal Reserve. Company Overview You can access all company results here . RLJ Lodging Trust owns 97 hotels across 23 states, managed by
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RLJ
News
- Park Hotels & Resorts: Valuation Appears Stretched After Recent Outperformance [Seeking Alpha]Seeking Alpha
- RLJ Lodging Trust: I Like The 7.75% Yielding Preferred Shares [Seeking Alpha]Seeking Alpha
- RLJ Lodging Trust (NYSE: RLJ) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- RLJ Lodging Trust Announces Dividends for First Quarter of 2024Business Wire
- People on the move [Yahoo! Finance]Yahoo! Finance
RLJ
Earnings
- 2/26/24 - Beat
RLJ
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- RLJ's page on the SEC website