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RLJ Lodging Trust (RLJ) stock

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NYSE: RLJ NYSE Hotel & Resort REITs Next results ~November 4, 2026

C Fundamentals grade

RLJ Lodging Trust is a US-listed company in the hotel & resort REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$20

Valuation models combined (2)

Base case. Range ~$6.3–$26. Weighted average of 2 models (funds-from-operations model, dividend discount (growing dividend)), the funds-from-operations model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

RLJ Lodging Trust valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds113 adding, 93 cuttingOf 39 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter RLJ Lodging Trust files

Where RLJ Lodging Trust stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.38bn, up 1.1% on a year earlier, against a decline of 0.8% a quarter earlier. Our valuation models combined value is $23.91 a share, against a share price of $12.22.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

RLJ Lodging Trust's trailing-twelve-month revenue grew 1.1% year on year, with a free-cash-flow margin of 12.6%. Where it stands out: change in growth rate of +1.9pp ranks 2 of 15 hotel & resort reits companies we cover. Where it lags: long-term debt as % of assets of 51.5% ranks 12 of 14 hotel & resort reits companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 41.5% while net income fell 52.3%: a 94pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.3% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • High earnings multiple. The shares trade at 69 times the last 12 months' earnings, so expectations are demanding.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 51.5% ranks 12 of 14 hotel & resort reits companies we cover (median 45.0%).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.2% ranks 11 of 13 hotel & resort reits companies we cover (median 0.7%).
  • Heavily shorted. 10.1% of the shares available to trade are sold short (6.4 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.18 against an average estimate of $0.11: beat by 56.5%
Revenue
$383m, up 5.5% on a year earlier
Share reaction
-9.7% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 4, 2026; average EPS estimate -$0.05

RLJ Lodging Trust's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.2%
  • 1 week+4.3%
  • 1 month+13.7%
  • This year+79.4%
  • 1 year+100.5%
  • 5 years+0.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.4B
Net margin
2.0%
EPS (TTM, diluted)
$0.18

Growth

Revenue growth
+1.1%
Change in growth rate
+1.9 pts
Share count change
−1.3%

Earnings

Last results
August 6, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

RLJ Lodging Trust valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value RLJ Lodging Trust as an equity reit, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.75 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$26 ~$22–$33 Primary model, counts double
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$0.5 ~$11–$22 Left out: out of range vs price (0.04x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$6.3 ~$5.4–$7.6 Included
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$20 ~$6.3–$26 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare RLJ Lodging Trust with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

59 /100

Moderate moat

How hard RLJ Lodging Trust's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.3% of total assets over 10 years.

  • Durability 14 / 20

    Operating margin has been a median 15.8%; its worst year was 10.8%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 8 of 10 years, at a median 11.6% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 8.5% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $342m and EPS of −$0.05 (range −$0.07 to −$0.02) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.03 +169% $1.4bn +4%
Next $0.01 — $1.4bn +2%

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.11 $0.18 +56.5%
Mar 2026 −$0.07 −$0.01 +86.4%
Dec 2025 −$0.07 −$0.02 +67.0%
Sept 2025 −$0.08 −$0.07 +14.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

12 analysts, Oct 2026
Buy217%
Hold758%
Sell325%

Monthly trend

  1. Oct 2026271212
  2. Sep 2026271212
  3. Aug 20261261212
  4. Jul 20261261212

Counts of recommendations published by analysts covering RLJ Lodging Trust, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.1%
of tradable shares
Days to cover
6.42
at average volume
Short interest, 1 month
−1%
to September 30, 2026
Held by institutions
98%
of shares
Held by insiders
13.2%
of shares
Employees
75
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +100.5%

$6.36 on October 31, 2025 to $12.76

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.4bn +1.1%
Net margin 4.2% 2.0% −52.8%
P/E multiple 16.7x 69.3x +314.5%
Share count 152m 150m +1.3%

Biggest factor: p/e multiple.

Last 3 years +48.2%

$8.61 on November 3, 2023 to $12.76

ThenNowEffect
Revenue (last 12 months) $1.3bn $1.4bn +7.0%
Net margin 5.9% 2.0% −66.2%
P/E multiple 18.0x 69.3x +284.8%
Share count 160m 150m +6.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
RLJ−1%−23%+15%−8%−21%+79%
Industry peers (median)+17%−17%+12%−1%−17%+52%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RLJ42%33%50%42%50%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RLJ−31%−34%−27%−26%−37%−14%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 80% from June 4, 2018 to March 18, 2020. Getting back needed a 388% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$6.36 – $12.76
From 52-week high
0.0%
vs 50-day average
+12.7%
vs 200-day average
+31.7%
Volatility (1 year)
28%
Beta vs S&P 500
0.69

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.9%
After a week
8 up, 4 down
typical move ±5.7%
After a month
6 up, 6 down
typical move ±9.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −9.7% +0.5% −11.1% −11.3%
May 4, 2026 +5.7% +0.4% +6.0% +22.8%
February 26, 2026 +0.9% −1.0% +2.8% −5.9%
November 5, 2025 +0.9% −0.7% +10.6% +7.6%
August 7, 2025 −5.2% +0.7% −0.8% +5.6%
May 5, 2025 −4.0% −1.4% +6.3% −0.7%
February 25, 2025 +0.1% −0.4% +0.5% −10.2%
November 6, 2024 +6.7% +3.3% +12.6% +17.3%
August 1, 2024 −2.3% −3.3% −4.3% +0.6%
May 1, 2024 −2.7% +0.6% −5.6% −9.3%
February 26, 2024 −3.2% −0.2% +2.5% −2.2%
November 1, 2023 +5.4% +3.0% +4.8% +16.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

RLJ Lodging Trust in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) RLJ Lodging Trust
$1.3B $1.3B $1.3B $1.4B $1.4B $1.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.3B Revenue (TTM), FY23 Q4: $1.3B Revenue (TTM), FY24 Q1: $1.3B Revenue (TTM), FY24 Q2: $1.3B Revenue (TTM), FY24 Q3: $1.4B Revenue (TTM), FY24 Q4: $1.4B Revenue (TTM), FY25 Q1: $1.4B Revenue (TTM), FY25 Q2: $1.4B Revenue (TTM), FY25 Q3: $1.4B Revenue (TTM), FY25 Q4: $1.3B Revenue (TTM), FY26 Q1: $1.4B Revenue (TTM), FY26 Q2: $1.4B $1.4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.3B
FY23 Q4 $1.3B
FY24 Q1 $1.3B
FY24 Q2 $1.3B
FY24 Q3 $1.4B
FY24 Q4 $1.4B
FY25 Q1 $1.4B
FY25 Q2 $1.4B
FY25 Q3 $1.4B
FY25 Q4 $1.3B
FY26 Q1 $1.4B
FY26 Q2 $1.4B
Revenue growth, TTM YoY RLJ Lodging Trust
-5% 0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 15.8% Revenue growth, TTM YoY, FY23 Q4: 11.1% Revenue growth, TTM YoY, FY24 Q1: 5.5% Revenue growth, TTM YoY, FY24 Q2: 4.3% Revenue growth, TTM YoY, FY24 Q3: 3.9% Revenue growth, TTM YoY, FY24 Q4: 3.3% Revenue growth, TTM YoY, FY25 Q1: 2.8% Revenue growth, TTM YoY, FY25 Q2: 1.4% Revenue growth, TTM YoY, FY25 Q3: -0.6% Revenue growth, TTM YoY, FY25 Q4: -1.4% Revenue growth, TTM YoY, FY26 Q1: -0.8% Revenue growth, TTM YoY, FY26 Q2: 1.1% 1.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 15.8%
FY23 Q4 11.1%
FY24 Q1 5.5%
FY24 Q2 4.3%
FY24 Q3 3.9%
FY24 Q4 3.3%
FY25 Q1 2.8%
FY25 Q2 1.4%
FY25 Q3 -0.6%
FY25 Q4 -1.4%
FY26 Q1 -0.8%
FY26 Q2 1.1%
Operating margin (TTM) RLJ Lodging Trust
12% 14% 16% 18% 20% FY15 Q4 FY16 Q3 FY17 Q2 FY18 Q3 Operating margin (TTM), FY15 Q4: 17.9% Operating margin (TTM), FY16 Q1: 18.0% Operating margin (TTM), FY16 Q2: 18.5% Operating margin (TTM), FY16 Q3: 18.7% Operating margin (TTM), FY16 Q4: 19.0% Operating margin (TTM), FY17 Q1: 18.9% Operating margin (TTM), FY17 Q2: 17.7% Operating margin (TTM), FY17 Q3: 14.4% Operating margin (TTM), FY17 Q4: 13.4% Operating margin (TTM), FY18 Q1: 12.6% Operating margin (TTM), FY18 Q2: 13.0% Operating margin (TTM), FY18 Q3: 14.5% 14.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY15 Q4 17.9%
FY16 Q1 18.0%
FY16 Q2 18.5%
FY16 Q3 18.7%
FY16 Q4 19.0%
FY17 Q1 18.9%
FY17 Q2 17.7%
FY17 Q3 14.4%
FY17 Q4 13.4%
FY18 Q1 12.6%
FY18 Q2 13.0%
FY18 Q3 14.5%
FCF margin (TTM) RLJ Lodging Trust
8% 10% 12% 14% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 10.7% FCF margin (TTM), FY23 Q4: 13.8% FCF margin (TTM), FY24 Q1: 12.0% FCF margin (TTM), FY24 Q2: 12.9% FCF margin (TTM), FY24 Q3: 12.2% FCF margin (TTM), FY24 Q4: 10.9% FCF margin (TTM), FY25 Q1: 9.6% FCF margin (TTM), FY25 Q2: 9.0% FCF margin (TTM), FY25 Q3: 8.2% FCF margin (TTM), FY25 Q4: 8.7% FCF margin (TTM), FY26 Q1: 10.7% FCF margin (TTM), FY26 Q2: 12.6% 12.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 10.7%
FY23 Q4 13.8%
FY24 Q1 12.0%
FY24 Q2 12.9%
FY24 Q3 12.2%
FY24 Q4 10.9%
FY25 Q1 9.6%
FY25 Q2 9.0%
FY25 Q3 8.2%
FY25 Q4 8.7%
FY26 Q1 10.7%
FY26 Q2 12.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 456 517 755 850 970 1,109 1,136 1,160 1,356 1,761 1,566 473 786 1,194 1,326 1,369 1,350 1,382
EBITDA 62 142 215 254 292 336 360 383 368 — — — — — — — — —
Operating income −37 42 84 127 165 191 204 220 181 — — — — — — — — —
Net income −168 −22 11 41 113 135 218 200 75 189 128 −404 −305 42 76 68 29 28
Diluted EPS — — $0.12 $0.38 $0.94 $1.05 $1.68 $1.61 $0.47 $0.93 $0.59 −$2.61 −$2.01 $0.10 $0.32 $0.27 $0.01 $0.18
Growth (year on year)
Revenue — +13.4% +46.1% +12.6% +14.2% +14.3% +2.4% +2.1% +16.9% +29.9% −11.1% −69.8% +66.1% +51.9% +11.1% +3.3% −1.4% +1.1%
EBITDA — +128.6% +51.0% +18.1% +15.0% +15.0% +7.3% +6.3% −3.9% — — — — — — — — —
Operating income — — +102.8% +50.9% +29.5% +16.3% +6.5% +8.1% −17.8% — — — — — — — — —
Net income — — — — +173.4% +19.9% +61.1% −8.2% −62.6% +152.1% −32.2% −416.4% — — +82.2% −11.0% −58.1% −52.3%
Diluted EPS — — — — +147.4% +11.7% +60.0% −4.2% −70.8% +97.9% −36.6% −542.4% — — +220.0% −15.6% −96.3% −51.6%
Margins
EBITDA margin 13.7% 27.5% 28.5% 29.9% 30.1% 30.3% 31.7% 33.0% 27.1% — — — — — — — — —
Operating margin −8.0% 8.0% 11.2% 15.0% 17.0% 17.3% 17.9% 19.0% 13.4% — — — — — — — — —
Net margin −36.9% −4.3% 1.5% 4.9% 11.6% 12.2% 19.2% 17.3% 5.5% 10.7% 8.2% −85.5% −38.8% 3.5% 5.8% 5.0% 2.1% 2.0%
Free-cash-flow margin 6.2% 12.4% 17.8% 20.7% 25.9% 26.9% 28.9% 28.5% 19.2% 22.4% 15.3% −51.2% −0.7% 11.1% 13.8% 10.9% 8.7% 12.6%
Cash flow
Cash from operations 29 64 134 176 251 299 329 331 261 395 397 −169 43 257 315 285 244 267
Capital spending 1 0 0 0 0 0 1 0 0 0 157 73 48 124 132 136 126 93
Free cash flow 28 64 134 176 251 299 328 331 260 395 240 −242 −5 132 183 149 117 174
Stock-based pay — — 3 9 13 15 13 6 11 12 11 12 17 22 24 21 15 17
Free cash flow after stock pay — — 131 167 238 284 315 325 250 382 229 −254 −22 111 159 128 102 157
Balance sheet
Cash 151 267 310 116 332 262 134 457 586 320 882 900 665 481 517 410 410 938
Total debt 0 1,747 1,342 1,414 1,410 1,558 1,575 0 1,063 2,203 2,196 2,588 2,409 2,218 2,221 2,220 2,197 2,695
Net debt (negative = net cash) −151 1,480 1,032 1,298 1,077 1,295 1,441 −457 476 1,883 1,313 1,688 1,744 1,736 1,704 1,810 1,787 1,758
Diluted shares — — 95m 106m 119m 128m 129m 124m 141m 174m 171m 165m 164m 162m 157m 153m 150m 150m
Returned to shareholders
Dividends 0 29 3 0 0 125 170 164 170 231 228 61 7 13 49 70 91 91
Buybacks — — 1 2 0 0 225 13 3 22 78 63 0 58 76 22 29 29
Total returned 0 29 4 2 0 125 395 178 173 253 306 124 7 71 125 92 120 120

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$28.5M
Dividends (TTM)
$91.3M
Returned to shareholders
69%
of free cash flow
Buybacks, last 3 fiscal years
$127M
Diluted share count
−1.3%
year over year
Total shareholder yield
6.2%
dividends 4.7% + buybacks 1.5% of market value
Dividend payout ratio
331%
of net income paid out

Competitors: side by side with peers

Closest by revenue in hotel & resort reits
Last 12 months unless stated RLJ APLE PEB SVC DRH XHR Median
Revenue, last 12 months $1.4bn $1.4bn $1.5bn $1.7bn $1.1bn $1.1bn $1.4bn
Revenue growth, last 12 months 1.1% 1.2% 2.8% −11.9% 1.0% 1.6% 1.2%
Revenue growth, 3-year average 2.3% 3.1% 2.3% −4.1% 2.4% 1.5% 1.5%
Revenue growth, latest quarter 5.5% 4.7% 1.0% −16.4% 4.1% 2.8% 3.4%
Gross margin — 40.2% — 40.0% — 30.8% 40.0%
Operating margin 14.5% 17.9% 3.1% 18.7% −102.5% 6.7% 12.8%
Operating margin, 3-year average 15.9% 18.9% 3.4% 18.0% −20.1% 8.3% 13.0%
Net margin 2.0% 12.2% −4.6% −25.4% 13.5% −0.7% 2.0%
Cash from operations / revenue 19.3% 26.8% 19.0% 7.4% 21.5% 16.6% 19.8%
Free-cash-flow margin 12.6% 20.2% 14.6% −4.2% 14.4% 10.6% 10.6%
Free-cash-flow margin, 3-year average 11.5% 21.9% −6.0% −5.2% 13.4% 5.8% 7.3%
Stock pay / revenue 1.2% — 0.7% 0.2% 0.7% 1.2% 0.7%
Change in share count −1.3% −1.3% 2.8% −19.7% −1.3% −7.2% −1.3%

Median of all 15 companies we cover in hotel & resort reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

15 hotel & resort reits companies
Measure Company Peer median Rank
Revenue growth Growth 1.1% 1.2% 9 of 15
Change in growth rate Growth +1.9pp +0.7pp 2 of 15
Net margin Profitability 2.0% 2.0% 8 of 15
Stock pay as % of revenue Cash generation 1.2% 0.7% 11 of 13
Long-term debt as % of assets Balance sheet 51.5% 45.0% 12 of 14
Change in share count Balance sheet -1.3% -1.3% 7 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Occupancy $1.1B 81.0% ▼ 2.5%
Food and Beverage $158M 11.7% ▲ 3.3%
Hotel Other $98.4M 7.3% ▲ 3.8%
Geography
Region Revenue Share YoY
Other Markets $420M 31.1% ▼ 4.6%
Northern California $170M 12.6% ▲ 7.3%
Southern California $165M 12.2% ▼ 4.5%
South Florida $149M 11.0% ▲ 0.2%
New York City $90.5M 6.7% ▲ 4.2%
Chicago Illinois $67.9M 5.0% ▼ 3.9%
Louisville Kentucky $64.4M 4.8% ▲ 2.5%
Washington D.C. $58.1M 4.3% ▼ 6.3%
Charleston SC $56.7M 4.2% ▲ 4.5%
Boston $55.2M 4.1% ▼ 5.5%
Houston Texas $53.4M 4.0% ▼ 1.9%

From RLJ Lodging Trust's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.7B
Institutions reporting
221
Shares held vs prior quarter
▲ 8.7%
Positions opened / closed
36 / 19

Top buyers and sellers, Q2 2026: 113 institutions bought and 93 sold ; the biggest buyer was Two Sigma Investments, LP (+3.8M shares) and the biggest seller Donald Smith & Co., Inc (−2.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $225M 19.0M 13.3% ▲ 18.6%
Donald Smith & Co., Inc. $146M 12.3M 8.6% ▼ 17.9%
Vanguard Portfolio Management LLC $145M 12.3M 8.6% ▲ 0.3%
H/2 Credit Manager LP $114M 9.6M 6.7% 0.0%
Vanguard Capital Management LLC $73.5M 6.2M 4.4% ▲ 4.7%
State Street Corp $72.5M 6.1M 4.3% ▼ 1.3%
Two Sigma Investments, LP $71.8M 6.1M 4.3% ▲ 169.9%
Geode Capital Management, LLC $46.3M 3.9M 2.7% ▲ 5.3%
Charles Schwab Investment Management Inc $44M 3.7M 2.6% ▼ 1.9%
Allianz Asset Management Gmbh $42.6M 3.6M 2.5% ▲ 4.6%
Millennium Management LLC $41.7M 3.5M 2.5% ▲ 2755.0%
Fisher Asset Management, LLC $38.1M 3.2M 2.3% ▼ 2.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not RLJ Lodging Trust's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $100,732 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $100,732 net selling
Insider Date Trade Shares Price Value
Zeigler Robin Mcbride Director November 21, 2025 Sell 13,413 $7.51 $100,732

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in RLJ Lodging Trust disclosed in the last 12 months; 1 earlier trade on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded July 12, 2023, filed August 13, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 4, 2026
  • February 26, 2026
  • November 5, 2025
  • August 7, 2025
  • May 5, 2025

Recent SEC filings

Data status

When each part of this page on RLJ Lodging Trust was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

RLJ Lodging Trust in brief

What does RLJ Lodging Trust do?
RLJ Lodging Trust is a US-listed company in the hotel & resort REITs industry. Its financial year ends in December.
What is RLJ Lodging Trust's stock ticker?
RLJ Lodging Trust trades under the ticker RLJ on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is RLJ Lodging Trust's revenue, and how fast is it growing?
Over its most recent trailing twelve months, RLJ Lodging Trust reported revenue of $1.4B, 1.1% higher than a year earlier, according to its SEC filings.
What is RLJ Lodging Trust's free cash flow?
RLJ Lodging Trust's free-cash-flow margin is 12.6% of revenue over the trailing twelve months.
Who are RLJ Lodging Trust's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Donald Smith & Co., Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is RLJ Lodging Trust buying back stock, and does it pay a dividend?
RLJ Lodging Trust spent $28.5M on share repurchases over the trailing twelve months, and its diluted share count fell 1.3% over the year.
What is RLJ Lodging Trust's market cap?
On November 2, 2026, RLJ Lodging Trust's market capitalisation was about $1.9B, with a price-to-earnings ratio of 69.3 and net debt of $1.8B. Market figures come from third-party market data and may be delayed.
Does RLJ Lodging Trust pay a dividend?
Yes: RLJ Lodging Trust paid $91.3M in dividends over the trailing twelve months, a dividend yield of 4.70% and a payout ratio of 331.0%.
Who are RLJ Lodging Trust's competitors?
In our Hotel & Resort REITs peer group, the companies closest to RLJ Lodging Trust are Apple Hospitality Reit, Inc., Pebblebrook Hotel Trust, Service Properties Trust, Diamondrock Hospitality Co and Xenia Hotels & Resorts, Inc. The side-by-side comparison below sets their revenue, margins and growth against RLJ Lodging Trust's.
Are insiders buying or selling RLJ Lodging Trust stock?
Over the last 12 months, RLJ Lodging Trust's directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is RLJ Lodging Trust's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — RLJ Lodging Trust announces its own schedule.