2024 Q4 Form 10-Q Financial Statement

#000151133724000033 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $345.7M
YoY Change 3.39%
Cost Of Revenue $223.6M
YoY Change 4.73%
Gross Profit $122.1M
YoY Change 1.03%
Gross Profit Margin 35.33%
Selling, General & Admin $36.94M
YoY Change -11.42%
% of Gross Profit 30.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.89M
YoY Change 0.43%
% of Gross Profit 36.75%
Operating Expenses $305.6M
YoY Change 1.89%
Operating Profit -$183.5M
YoY Change 2.48%
Interest Expense $28.64M
YoY Change 15.34%
% of Operating Profit
Other Income/Expense, Net $791.0K
YoY Change -58.82%
Pretax Income $21.02M
YoY Change 26.07%
Income Tax $379.0K
% Of Pretax Income 1.8%
Net Earnings $20.60M
YoY Change 25.39%
Net Earnings / Revenue 5.96%
Basic Earnings Per Share $0.09
Diluted Earnings Per Share $0.09
COMMON SHARES
Basic Shares Outstanding 153.3M shares 155.0M shares
Diluted Shares Outstanding 153.2M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $385.4M
YoY Change -22.08%
Cash & Equivalents $385.4M
Short-Term Investments
Other Short-Term Assets $43.25M
YoY Change -42.18%
Inventory
Prepaid Expenses
Receivables $26.44M
Other Receivables $0.00
Total Short-Term Assets $455.1M
YoY Change -26.29%
LONG-TERM ASSETS
Property, Plant & Equipment $4.387B
YoY Change 2.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.237M
YoY Change -0.86%
Other Assets $38.96M
YoY Change 8.82%
Total Long-Term Assets $4.433B
YoY Change 2.54%
TOTAL ASSETS
Total Short-Term Assets $455.1M
Total Long-Term Assets $4.433B
Total Assets $4.888B
YoY Change -1.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.9M
YoY Change 2.81%
Accrued Expenses $131.6M
YoY Change -0.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $317.0M
YoY Change 3.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.219B
YoY Change -0.04%
Other Long-Term Liabilities $36.64M
YoY Change 18.2%
Total Long-Term Liabilities $2.255B
YoY Change 0.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $317.0M
Total Long-Term Liabilities $2.255B
Total Liabilities $2.572B
YoY Change 0.63%
SHAREHOLDERS EQUITY
Retained Earnings -$1.066B
YoY Change 2.39%
Common Stock $2.992B
YoY Change -0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.302B
YoY Change
Total Liabilities & Shareholders Equity $4.888B
YoY Change -1.06%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $20.60M
YoY Change 25.39%
Depreciation, Depletion And Amortization $44.89M
YoY Change 0.43%
Cash From Operating Activities $80.10M
YoY Change -10.1%
INVESTING ACTIVITIES
Capital Expenditures $34.68M
YoY Change -4.21%
Acquisitions
YoY Change
Other Investing Activities $13.46M
YoY Change
Cash From Investing Activities -$21.21M
YoY Change -41.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -41.76M
YoY Change 23.55%
NET CHANGE
Cash From Operating Activities 80.10M
Cash From Investing Activities -21.21M
Cash From Financing Activities -41.76M
Net Change In Cash 17.13M
YoY Change -10.32%
FREE CASH FLOW
Cash From Operating Activities $80.10M
Capital Expenditures $34.68M
Free Cash Flow $45.42M
YoY Change -14.13%

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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
101980000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-246250000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-102008000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
200000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
500000000 usd
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Derivative Instrument Gain Loss Reclassified From Aoci Into Income Effective Portion Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeInstrumentGainLossReclassifiedFromAociIntoIncomeEffectivePortionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#InvestmentIncomeInterest
CY2024Q3 us-gaap Derivative Instrument Gain Loss Reclassified From Aoci Into Income Effective Portion Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeInstrumentGainLossReclassifiedFromAociIntoIncomeEffectivePortionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#InvestmentIncomeInterest
CY2023Q3 us-gaap Derivative Instrument Gain Loss Reclassified From Aoci Into Income Effective Portion Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeInstrumentGainLossReclassifiedFromAociIntoIncomeEffectivePortionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#InvestmentIncomeInterest
us-gaap Derivative Instrument Gain Loss Reclassified From Aoci Into Income Effective Portion Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeInstrumentGainLossReclassifiedFromAociIntoIncomeEffectivePortionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#InvestmentIncomeInterest
dei Document Type
DocumentType
10-Q
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Registrant Name
EntityRegistrantName
RLJ LODGING TRUST
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-4706509
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1500
dei Entity Address City Or Town
EntityAddressCityOrTown
Bethesda,
dei Entity Address State Or Province
EntityAddressStateOrProvince
MD
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
20814
dei City Area Code
CityAreaCode
301
dei Local Phone Number
LocalPhoneNumber
280-7777
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
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
153307887 shares
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4257199000 usd
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
153628657 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
153628657 shares
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
305633000 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
299951000 usd
us-gaap Operating Expenses
OperatingExpenses
918811000 usd
us-gaap Operating Expenses
OperatingExpenses
880359000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
791000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1921000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
332000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
20643000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
238000 usd
CY2024Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-8000 usd
CY2023Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-137000 usd
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-181000 usd
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-131000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
20602000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
16430000 usd
us-gaap Net Income Loss
NetIncomeLoss
62645000 usd
us-gaap Net Income Loss
NetIncomeLoss
68470000 usd
CY2024Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18836000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18836000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14323000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10151000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43809000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49634000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153070639 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154563284 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153226734 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156805643 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153240169 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
155081645 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153830754 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
157280206 shares
CY2024Q3 us-gaap Profit Loss
ProfitLoss
20643000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
16343000 usd
us-gaap Profit Loss
ProfitLoss
62680000 usd
us-gaap Profit Loss
ProfitLoss
68577000 usd
CY2023Q3 rlj Accumulated Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesNetOfTax
-2180000 usd
rlj Accumulated Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesNetOfTax
-13827000 usd
rlj Accumulated Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesNetOfTax
-1038000 usd
CY2024Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
49000 usd
CY2023Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
50000 usd
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
216000 usd
rlj Comprehensive Income Loss Attributableto Common Shareholders
ComprehensiveIncomeLossAttributabletoCommonShareholders
48818000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2350790000 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
19481000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-4398000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
66783000 usd
us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
18836000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
41554000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2384095000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2400085000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
16343000 usd
CY2023Q3 rlj Accumulated Other Comprehensive Income Loss Unrealized Gain Loss On Derivatives Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesNetOfTax
-2180000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6753000 usd
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
14802000 usd
CY2023Q3 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
0 usd
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6279000 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
15825000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2384095000 usd
us-gaap Profit Loss
ProfitLoss
62680000 usd
us-gaap Profit Loss
ProfitLoss
68577000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
8301000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-28000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-129000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-169000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
134045000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
134648000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4779000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4528000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4210000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3662000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
239000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
315000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
400000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
16260000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
18028000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
292000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9462000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3337000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8388000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10186000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
320000000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
400000000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
318662000 usd
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-200000000 usd
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0 usd
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
18995000 usd
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
66783000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9014000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4398000 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
46769000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
33577000 usd
rlj Paymentsof Distributionson Operating Partnership Units
PaymentsofDistributionsonOperatingPartnershipUnits
213000 usd
rlj Paymentsof Distributionson Operating Partnership Units
PaymentsofDistributionsonOperatingPartnershipUnits
149000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5301000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7791000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-99128000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-130196000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-130985000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6016000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
555327000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
536386000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
424342000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
530370000 usd
CY2024Q3 rlj Operating Partnerships Unit Outstanding
OperatingPartnershipsUnitOutstanding
154400488 shares
rlj Direct And Indirect Ownership Interest In Operating Partnerships
DirectAndIndirectOwnershipInterestInOperatingPartnerships
0.995
CY2024Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
96 property
CY2024Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
21300 room
CY2024Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 state
CY2024Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
96 property
CY2024Q3 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>
CY2024Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
1129190000 usd
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
998417000 usd
CY2024Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4186098000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4117210000 usd
CY2024Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
839541000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
798410000 usd
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6154829000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5914037000 usd
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1897630000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1777821000 usd
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4257199000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4136216000 usd
CY2024Q3 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
44900000 usd
rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
133900000 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
CY2024Q1 rlj Asset Acquisition Transaction Costs
AssetAcquisitionTransactionCosts
200000 usd
CY2024Q1 rlj Asset Acquisition Consideration Transferred Net Assets Acquired And Liabilities Assumed
AssetAcquisitionConsiderationTransferredNetAssetsAcquiredAndLiabilitiesAssumed
125200000 usd
rlj Asset Acquisition Transaction Costs
AssetAcquisitionTransactionCosts
600000 usd
CY2024Q3 rlj Asset Acquisition Land And Improvements
AssetAcquisitionLandAndImprovements
3433000 usd
CY2024Q3 rlj Asset Acquisition Building And Improvements
AssetAcquisitionBuildingAndImprovements
29716000 usd
CY2024Q3 rlj Asset Acquisition Furniture Fixtures And Equipment
AssetAcquisitionFurnitureFixturesAndEquipment
2996000 usd
CY2024Q3 rlj Asset Acquisition Consideration Transferred Net Assets Acquired And Liabilities Assumed
AssetAcquisitionConsiderationTransferredNetAssetsAcquiredAndLiabilitiesAssumed
36145000 usd
CY2024Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4800000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
8300000 usd
CY2024Q3 us-gaap Revenues
Revenues
345744000 usd
CY2023Q3 us-gaap Revenues
Revenues
334406000 usd
us-gaap Revenues
Revenues
1039451000 usd
us-gaap Revenues
Revenues
1005869000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
2218826000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2220778000 usd
CY2024Q3 rlj Unamortized Debt Issuance Costs On Bonds
UnamortizedDebtIssuanceCostsOnBonds
6555000 usd
CY2023Q4 rlj Unamortized Debt Issuance Costs On Bonds
UnamortizedDebtIssuanceCostsOnBonds
8328000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100000000 usd
CY2024Q3 rlj Unsecured Debt Gross
UnsecuredDebtGross
1025000000 usd
CY2023Q4 rlj Unsecured Debt Gross
UnsecuredDebtGross
825000000 usd
CY2024Q3 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
6994000 usd
CY2023Q4 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
3557000 usd
CY2024Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
200000000 usd
CY2024Q2 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
200000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100000000 usd
CY2024Q3 rlj Debt Instrument Number Of Extension Options
DebtInstrumentNumberOfExtensionOptions
2 option
rlj Debt Instrument Additional Maturity Term
DebtInstrumentAdditionalMaturityTerm
P1Y
CY2024Q3 rlj Secured Debt Gross
SecuredDebtGross
207562000 usd
CY2023Q4 rlj Secured Debt Gross
SecuredDebtGross
407833000 usd
CY2024Q3 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
187000 usd
CY2023Q4 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
170000 usd
CY2024Q2 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
200000000 usd
CY2024Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1663000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1564000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4779000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4528000 usd
CY2023Q3 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-482000 usd
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-1287000 usd
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-1446000 usd
CY2023Q3 us-gaap Interest Expense
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CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q3 rlj Number Of Real Estate Properties Operated Under Franchise Agreements
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CY2024Q3 rlj Paymentsof Dividendson Unvested Restricted Shares
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PaymentsofDividendsonUnvestedRestrictedShares
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CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2024Q3 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
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CY2023Q3 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
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CY2024Q3 rlj Incremental Performance Units Attributable T
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82018 shares
CY2023Q3 rlj Incremental Performance Units Attributable T
IncrementalPerformanceUnitsAttributableT
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IncrementalPerformanceUnitsAttributableT
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IncrementalPerformanceUnitsAttributableT
40380 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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153240169 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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157280206 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2024Q3 us-gaap Earnings Per Share Diluted
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0.09
CY2023Q3 us-gaap Earnings Per Share Diluted
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0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
385384000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
494563000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
424342000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
530370000 usd
us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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76935000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2097000 usd
us-gaap Income Taxes Paid Net
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1910000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
11614000 usd
us-gaap Operating Lease Payments
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13005000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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rlj Right Of Use Asset And Operating Lease Liability Remeasurement Adjustment
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rlj Right Of Use Asset And Operating Lease Liability Remeasurement Adjustment
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rlj Right Of Use Asset And Lease Liability Reclassifications To Land Due To Acquisition
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rlj Right Of Use Asset And Lease Liability Reclassifications To Land Due To Acquisition
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0 usd
rlj Payment For Asset Acquisitions
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160500000 usd
rlj Payment For Asset Acquisitions
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us-gaap Increase Decrease In Deposit Other Assets
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us-gaap Increase Decrease In Deposit Other Assets
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0 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
887000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
0 usd
rlj Asset Acquisition Operating Prorations
AssetAcquisitionOperatingProrations
243000 usd
rlj Asset Acquisition Operating Prorations
AssetAcquisitionOperatingProrations
0 usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
158744000 usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
0 usd
rlj Gross Proceedsfrom Saleof Real Estate Heldforinvestment
GrossProceedsfromSaleofRealEstateHeldforinvestment
20778000 usd
rlj Gross Proceedsfrom Saleof Real Estate Heldforinvestment
GrossProceedsfromSaleofRealEstateHeldforinvestment
0 usd
rlj Disposal Group Costof Dispositionof Property Plantand Equipment
DisposalGroupCostofDispositionofPropertyPlantandEquipment
1077000 usd
rlj Disposal Group Costof Dispositionof Property Plantand Equipment
DisposalGroupCostofDispositionofPropertyPlantandEquipment
28000 usd
rlj Operating Prorations Sale Of Hotel Properties
OperatingProrationsSaleOfHotelProperties
-159000 usd
rlj Operating Prorations Sale Of Hotel Properties
OperatingProrationsSaleOfHotelProperties
0 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
19542000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
28000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
18241000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13645000 usd
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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false

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exhibit103-93024.htm Edgar Link pending
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