$RLJ
RLJ Lodging Trust

2023 Q4 Form 10-Q Financial Statement

#000151133723000027 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $319.7M $334.4M
YoY Change 5.8% 5.14%
Cost Of Revenue $208.3M $213.5M
YoY Change 6.44% 7.19%
Gross Profit $111.4M $120.9M
YoY Change 4.61% 1.69%
Gross Profit Margin 34.85% 36.15%
Selling, General & Admin $39.93M $41.70M
YoY Change 10.33% 21.97%
% of Gross Profit 35.83% 34.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.46M $44.70M
YoY Change -0.17% -3.99%
% of Gross Profit 39.9% 36.97%
Operating Expenses $84.38M $300.0M
YoY Change 4.54% 7.45%
Operating Profit $27.04M -$179.1M
YoY Change 4.82% 11.72%
Interest Expense -$19.43M $24.83M
YoY Change 1.45% 9.76%
% of Operating Profit -71.85%
Other Income/Expense, Net $858.0K $1.921M
YoY Change 10.0% 170.56%
Pretax Income $8.268M $16.68M
YoY Change 15.17% -7.74%
Income Tax $228.0K $332.0K
% Of Pretax Income 2.76% 1.99%
Net Earnings $2.431M $16.43M
YoY Change 738.28% -6.62%
Net Earnings / Revenue 0.76% 4.91%
Basic Earnings Per Share $0.06
Diluted Earnings Per Share $0.02 $0.06
COMMON SHARES
Basic Shares Outstanding 155.8M shares 157.5M shares
Diluted Shares Outstanding 155.1M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $516.7M $494.6M
YoY Change 7.35% 1.32%
Cash & Equivalents $516.7M $494.6M
Short-Term Investments
Other Short-Term Assets $58.05M $74.80M
YoY Change -26.6% 9.69%
Inventory
Prepaid Expenses
Receivables $26.16M $48.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $600.9M $617.4M
YoY Change 0.33% 3.12%
LONG-TERM ASSETS
Property, Plant & Equipment $4.272B $4.280B
YoY Change -1.04% -0.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.398M $7.300M
YoY Change 6.0% 7.72%
Other Assets $38.65M $35.80M
YoY Change -29.81% -30.49%
Total Long-Term Assets $4.318B $4.323B
YoY Change -1.39% -1.03%
TOTAL ASSETS
Total Short-Term Assets $600.9M $617.4M
Total Long-Term Assets $4.318B $4.323B
Total Assets $4.919B $4.940B
YoY Change -1.18% -0.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $147.8M $150.7M
YoY Change -5.19% -0.16%
Accrued Expenses $145.1M $132.4M
YoY Change 5.38% 4.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $315.4M $305.5M
YoY Change 2.33% 4.32%
LONG-TERM LIABILITIES
Long-Term Debt $2.221B $2.220B
YoY Change 0.15% 0.32%
Other Long-Term Liabilities $32.28M $31.00M
YoY Change 35.81% 40.99%
Total Long-Term Liabilities $2.253B $2.251B
YoY Change 0.52% 0.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $315.4M $305.5M
Total Long-Term Liabilities $2.253B $2.251B
Total Liabilities $2.569B $2.556B
YoY Change 0.74% 1.13%
SHAREHOLDERS EQUITY
Retained Earnings -$1.055B -$1.041B
YoY Change 0.55% -0.04%
Common Stock $3.002B $3.005B
YoY Change -1.77% -1.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.337B $2.370B
YoY Change
Total Liabilities & Shareholders Equity $4.919B $4.940B
YoY Change -1.18% -0.53%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $2.431M $16.43M
YoY Change 738.28% -6.62%
Depreciation, Depletion And Amortization $44.46M $44.70M
YoY Change -0.17% -3.99%
Cash From Operating Activities $88.95M $89.10M
YoY Change 68.3% 1.99%
INVESTING ACTIVITIES
Capital Expenditures $30.37M $36.20M
YoY Change -19.52% -138.33%
Acquisitions
YoY Change
Other Investing Activities -$2.372M $0.00
YoY Change -10881.82% -100.0%
Cash From Investing Activities -$32.74M -$36.20M
YoY Change -13.18% -61.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.26M -33.80M
YoY Change 69.81% 221.81%
NET CHANGE
Cash From Operating Activities 88.95M 89.10M
Cash From Investing Activities -32.74M -36.20M
Cash From Financing Activities -31.26M -33.80M
Net Change In Cash 24.96M 19.10M
YoY Change -864.61% -218.55%
FREE CASH FLOW
Cash From Operating Activities $88.95M $89.10M
Capital Expenditures $30.37M $36.20M
Free Cash Flow $58.59M $52.90M
YoY Change 287.47% -70.9%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Fiscal Period Focus
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dei Amendment Flag
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DerivativeInstrumentGainLossReclassifiedFromAociIntoIncomeEffectivePortionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
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dei Security12b Title
Security12bTitle
Common Shares of beneficial interest, par value $0.01 per share
dei Trading Symbol
TradingSymbol
RLJ
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
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dei Entity Shell Company
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CY2023Q3 us-gaap Minority Interest
MinorityInterest
13899000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
13982000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2384095000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2428646000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4940342000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4978225000 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
279156000 usd
us-gaap Operating Expenses
OperatingExpenses
880359000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
710000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3506000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8716000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16861000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
18224000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
69290000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36299000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-186000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-150000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
315000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
255000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16675000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18074000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
69605000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36554000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
332000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
391000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1028000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16476000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-5866000 usd
rlj Contributionsfromanoncontrollinginterest
Contributionsfromanoncontrollinginterest
154000 usd
rlj Distribution To Joint Venture Partner
DistributionToJointVenturePartner
2614000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17280000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-3598000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50000000 usd
us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
18836000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
11396000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2439190000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2415572000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
17683000 usd
CY2022Q3 rlj Accumulated Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesNetOfTax
17211000 usd
CY2022Q3 rlj Contributionsfromanoncontrollinginterest
Contributionsfromanoncontrollinginterest
-2000 usd
CY2022Q3 rlj Distribution To Joint Venture Partner
DistributionToJointVenturePartner
14000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5818000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-9000 usd
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2554000 usd
CY2022Q3 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 usd
CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6279000 usd
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
8236000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2439190000 usd
us-gaap Profit Loss
ProfitLoss
68577000 usd
us-gaap Profit Loss
ProfitLoss
35415000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-28000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
996000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-169000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
134648000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
140346000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4528000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4522000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3662000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1827000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
0 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
5866000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
18028000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
16075000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9462000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11428000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8388000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8675000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1175000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
23432000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7226000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1537000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-8114000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-9618000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
226188000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
203666000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
0 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
59219000 usd
rlj Payments For Proceeds From Sale Of Productive Assets
PaymentsForProceedsFromSaleOfProductiveAssets
28000 usd
rlj Payments For Proceeds From Sale Of Productive Assets
PaymentsForProceedsFromSaleOfProductiveAssets
-48053000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
101980000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
86638000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-102008000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-97804000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
200000000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
320000000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
318662000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
66783000 usd
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
50000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3598000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18836000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18836000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
33577000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5152000 usd
rlj Paymentsof Distributionson Operating Partnership Units
PaymentsofDistributionsonOperatingPartnershipUnits
149000 usd
rlj Paymentsof Distributionson Operating Partnership Units
PaymentsofDistributionsonOperatingPartnershipUnits
18000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7791000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
17000 usd
rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
0 usd
rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
154000 usd
rlj Cash Paid To A Noncontrolling Interest
CashPaidToANoncontrollingInterest
0 usd
rlj Cash Paid To A Noncontrolling Interest
CashPaidToANoncontrollingInterest
2614000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-130196000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-280081000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6016000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-174219000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
536386000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
713869000 usd
CY2023Q3 rlj Operating Partnerships Unit Outstanding
OperatingPartnershipsUnitOutstanding
156944570 shares
rlj Direct And Indirect Ownership Interest In Operating Partnerships
DirectAndIndirectOwnershipInterestInOperatingPartnerships
0.995
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
97 property
CY2023Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
21400 room
CY2023Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 state
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
97 property
CY2023Q3 rlj Real Estate Interests Numberof Joint Ventures
RealEstateInterestsNumberofJointVentures
1 joint_venture
us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income and comprehensive income, shareholders’ equity or cash flows.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2023Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
996972000 usd
CY2022Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
992609000 usd
CY2023Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4096444000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4040505000 usd
CY2023Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
782305000 usd
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
745978000 usd
CY2023Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5875721000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5779092000 usd
CY2023Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1733356000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1598764000 usd
CY2023Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4142365000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4180328000 usd
CY2023Q3 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
44700000 usd
rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
134600000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1000000 usd
CY2023Q3 us-gaap Revenues
Revenues
334406000 usd
CY2022Q3 us-gaap Revenues
Revenues
318071000 usd
us-gaap Revenues
Revenues
1005869000 usd
us-gaap Revenues
Revenues
891471000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2219781000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2217555000 usd
CY2023Q3 rlj Unamortized Debt Issuance Costs On Bonds
UnamortizedDebtIssuanceCostsOnBonds
8919000 usd
CY2022Q4 rlj Unamortized Debt Issuance Costs On Bonds
UnamortizedDebtIssuanceCostsOnBonds
10693000 usd
CY2023Q3 rlj Unsecured Debt Gross
UnsecuredDebtGross
825000000 usd
CY2022Q4 rlj Unsecured Debt Gross
UnsecuredDebtGross
823662000 usd
CY2022Q4 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
3126000 usd
CY2023Q3 rlj Debt Instrument Number Of Extension Options
DebtInstrumentNumberOfExtensionOptions
2 option
CY2022Q4 rlj Secured Debt Gross
SecuredDebtGross
408193000 usd
CY2022Q4 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
481000 usd
CY2022Q4 rlj Mortgage Loan In Cash Trap Event
MortgageLoanInCashTrapEvent
1 loan
CY2023Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1564000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4522000 usd
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
493000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
24833000 usd
us-gaap Interest Expense
InterestExpense
71041000 usd
CY2022Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
1175000000 usd
CY2022Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
44688000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
40600000 usd
us-gaap Amount Of Ineffectiveness On Net Investment Hedges
AmountOfIneffectivenessOnNetInvestmentHedges
0 usd
CY2023Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
23300000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2219781000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2217555000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18836000 usd
CY2023Q3 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
243000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18836000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Minimum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMinimum
0.030
rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Maximum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMaximum
0.050
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
35800000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
28200000 usd
CY2023Q3 rlj Number Of Real Estate Properties Operated Under Management Agreements
NumberOfRealEstatePropertiesOperatedUnderManagementAgreements
96 hotel
CY2023Q3 rlj Number Of Real Estate Properties With Manchise Agreements
NumberOfRealEstatePropertiesWithManchiseAgreements
35 hotel
CY2023Q3 rlj Number Of Real Estate Properties Operated Under Franchise Agreements
NumberOfRealEstatePropertiesOperatedUnderFranchiseAgreements
59 hotel
CY2023Q3 rlj Number Of Real Estate Properties With Manchise Agreements
NumberOfRealEstatePropertiesWithManchiseAgreements
35 hotel
CY2023Q3 rlj Number Of Hotels Without Franchise Agreements
NumberOfHotelsWithoutFranchiseAgreements
2 hotel
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
66800000 usd
CY2023Q3 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
0.2806
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
6828527 shares
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
16430000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
17594000 usd
us-gaap Net Income Loss
NetIncomeLoss
35312000 usd
CY2022Q3 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
118000 usd
rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
642000 usd
rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
167000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
46000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
133000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
73000 usd
CY2023Q3 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
9908000 usd
CY2022Q3 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
11151000 usd
rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
48859000 usd
rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
16236000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154563284 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160368297 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156805643 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162681840 shares
CY2023Q3 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
446087 shares
CY2022Q3 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
311171 shares
rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
434183 shares
rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
319985 shares
CY2023Q3 rlj Incremental Performance Units Attributable T
IncrementalPerformanceUnitsAttributableT
72274 shares
CY2022Q3 rlj Incremental Performance Units Attributable T
IncrementalPerformanceUnitsAttributableT
105241 shares
rlj Incremental Performance Units Attributable T
IncrementalPerformanceUnitsAttributableT
40380 shares
rlj Incremental Performance Units Attributable T
IncrementalPerformanceUnitsAttributableT
62637 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
155081645 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160784709 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
157280206 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163064462 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
494563000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
488146000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
35807000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
51504000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
530370000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
539650000 usd
us-gaap Interest Paid Net
InterestPaidNet
76935000 usd
us-gaap Interest Paid Net
InterestPaidNet
76768000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1910000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
850000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
13005000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
12438000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5016000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
rlj Right Of Use Asset And Operating Lease Liability Remeasurement Adjustment
RightOfUseAssetAndOperatingLeaseLiabilityRemeasurementAdjustment
0 usd
rlj Right Of Use Asset And Operating Lease Liability Remeasurement Adjustment
RightOfUseAssetAndOperatingLeaseLiabilityRemeasurementAdjustment
-2473000 usd
rlj Payment For Asset Acquisitions
PaymentForAssetAcquisitions
0 usd
rlj Payment For Asset Acquisitions
PaymentForAssetAcquisitions
59000000 usd
rlj Asset Acquisition Transaction Costs
AssetAcquisitionTransactionCosts
0 usd
rlj Asset Acquisition Transaction Costs
AssetAcquisitionTransactionCosts
1021000 usd
rlj Asset Acquisition Operating Prorations
AssetAcquisitionOperatingProrations
0 usd
rlj Asset Acquisition Operating Prorations
AssetAcquisitionOperatingProrations
802000 usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
0 usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
59219000 usd
rlj Gross Proceedsfrom Saleof Real Estate Heldforinvestment
GrossProceedsfromSaleofRealEstateHeldforinvestment
0 usd
rlj Gross Proceedsfrom Saleof Real Estate Heldforinvestment
GrossProceedsfromSaleofRealEstateHeldforinvestment
49900000 usd
rlj Disposal Group Costof Dispositionof Property Plantand Equipment
DisposalGroupCostofDispositionofPropertyPlantandEquipment
28000 usd
rlj Disposal Group Costof Dispositionof Property Plantand Equipment
DisposalGroupCostofDispositionofPropertyPlantandEquipment
856000 usd
rlj Noncash Divestiture Of Other Assets
NoncashDivestitureOfOtherAssets
0 usd
rlj Noncash Divestiture Of Other Assets
NoncashDivestitureOfOtherAssets
991000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
28000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
48053000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13645000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2363000 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001511337-23-000027.txt Edgar Link pending
0001511337-23-000027-xbrl.zip Edgar Link pending
exhibit311-9302023.htm Edgar Link pending
exhibit312-9302023.htm Edgar Link pending
exhibit321-9302023.htm Edgar Link pending
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rlj-20230930_def.xml Edgar Link unprocessable
rlj-20230930_lab.xml Edgar Link unprocessable
rlj-20230930_pre.xml Edgar Link unprocessable
rlj-20230930_htm.xml Edgar Link completed