RLJ Lodging Trust Updates Third Quarter 2023 Earnings Guidance
August 13, 2023
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RLJ ($NYSE:RLJ) Lodging Trust is a real estate investment trust that specializes in acquiring, owning, and franchising upscale, focused-service and compact full-service hotels. Friday morning, the company released its revised earnings guidance for the third quarter of 2023, predicting a total of $0.50 per share. RLJ executives credited cost cutting initiatives and better-than-expected revenue for the positive change in guidance. RLJ Lodging Trust is hoping to capitalize on the current buoyancy in the hotel industry, with occupancy rates and room rates both on the rise in recent months.
The company is aiming to consolidate its position as one of the leading players in the sector. With the new outlook for the third quarter, investors will be looking forward to continued growth in the coming year.
Earnings
RLJ LODGING TRUST recently released its third quarter 2023 earnings report, illustrating a 0.0% decrease in total revenue compared to the same period last year. Total revenue for the quarter ending June 30 2021 was 6.28M USD, a figure that has not changed significantly in the past three years. This reported decrease is an indication of the current economic conditions that have been affecting the hospitality industry in recent months. In spite of this slight dip in revenue, RLJ LODGING TRUST is optimistic about its future prospects. With ongoing efforts to strengthen its portfolio by increasing the number of properties and renovating existing ones, the company is confident that it will be able to bounce back from the current downturn.
RLJ LODGING TRUST is also actively looking for opportunities for strategic partnerships and investments to further improve its financial standing. Overall, RLJ LODGING TRUST has provided an encouraging outlook for its third quarter earnings despite the challenging market conditions. The company believes that its well-rounded approach to business growth will enable it to achieve its future goals, and is confident in its ability to recover from any setbacks.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RLJ. More…
| Total Revenues | Net Income | Net Margin |
| 1.29k | 50.59 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RLJ. More…
| Operations | Investing | Financing |
| 277.33 | -196.5 | -125.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RLJ. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.93k | 2.53k | 12.8 |
Key Ratios Snapshot
Some of the financial key ratios for RLJ are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 12.0% |
| FCF Margin | ROE | ROA |
| – | – | – |
Price History
The company’s stock opened at $9.9 and closed at $10.0, a 1.0% decrease from the previous closing price of 10.1. This update comes amid a turbulent period of volatility in the market, and investors will be watching closely to see how the company performs in the upcoming quarter. RLJ LODGING TRUST has yet to release any additional information regarding their revised guidance, so it remains to be seen what impact this will have on their overall performance. Live Quote…
Analysis
At GoodWhale, we’ve conducted an analysis of RLJ LODGING TRUST’s fundamentals. We used our Star Chart framework to evaluate the company’s performance across four categories: dividend, asset, profitability, and growth. We found that RLJ LODGING TRUST is strong in dividend, medium in asset, profitability and weak in growth. Therefore, we classify this company as a ‘cow’, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. Naturally, this kind of company would appeal to investors looking for steady income in the form of dividends. However, our analysis also reveals that RLJ LODGING TRUST has a low health score of 3/10 considering its cashflows and debt. This means that it is less likely to sustain future operations in times of crisis. Therefore, investors should take this into consideration when deciding to invest in such company. More…
Peers
The company’s competitors include Sunstone Hotel Investors Inc, Braemar Hotels & Resorts Inc, and Apple Hospitality REIT Inc.
– Sunstone Hotel Investors Inc ($NYSE:SHO)
Sunstone Hotel Investors Inc is a real estate investment trust that owns, invests in, and operates hotel properties. As of December 31, 2020, the company’s portfolio consisted of 102 properties with a total of 18,380 guestrooms. The company was founded in 2003 and is headquartered in Orange County, California.
– Braemar Hotels & Resorts Inc ($NYSE:BHR)
Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust that owns and operates upper-upscale hotels and resorts. The company’s portfolio includes over 30 properties in the United States, Canada, Mexico, the Caribbean, and Europe.
– Apple Hospitality REIT Inc ($NYSE:APLE)
Apple Hospitality REIT Inc. is a lodging real estate investment trust (REIT) that owns and operates hotels throughout the United States. The company’s portfolio consists of over 200 hotels with more than 30,000 guest rooms. Apple Hospitality REIT is headquartered in Richmond, Virginia.
Apple Hospitality REIT’s market cap is 3.71B as of 2022. The company owns and operates hotels throughout the United States. The company’s portfolio consists of over 200 hotels with more than 30,000 guest rooms.
Summary
RLJ Lodging Trust recently updated their earnings guidance for the third quarter of 2023. The update suggests that the company is expecting an increase in their earnings compared to the same quarter of the previous year. Investors should watch out for key performance indicators such as occupancy rate, average daily rate, and RevPAR as they may provide key insights into the company’s financial performance.
Additionally, investors should monitor the company’s debt load to gauge their leverage and liquidity. Finally, investors should pay attention to any changes in management or strategic initiatives, as these may affect their long-term performance.
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