RLJ Lodging Trust (RLJ) Financials

$6.79 -0.10 (-1.45%)

As of 03:58 PM Eastern

Annual Income Statements for RLJ Lodging Trust

This table shows RLJ Lodging Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	135	218	200	66	164	103	-430	-330	17	51	43
Consolidated Net Income / (Loss)	136	220	201	76	191	129	-409	-311	42	77	68
Net Income / (Loss) Continuing Operations	136	191	201	76	191	129	-409	-311	42	77	68
Total Pre-Tax Income	137	0.00	210	118	200	126	-357	-310	44	78	70
Total Operating Income	191	204	266	190	287	218	-254	-197	122	152	158
Total Gross Profit	1,687	518	533	576	687	1,566	473	697	1,194	1,326	1,369
Total Revenue	2,218	1,136	1,160	1,356	1,761	1,566	473	786	1,194	1,326	1,369
Operating Revenue	2,218	1,136	1,160	1,356	1,761	1,566	473	-	1,194	1,326	1,369
Total Cost of Revenue	532	618	627	781	1,074	0.00	0.00	89	0.00	0.00	0.00
Total Operating Expenses	386	315	266	385	400	1,348	727	894	1,071	1,173	1,211
Selling, General & Admin Expense	42	38	32	40	49	1,002	433	559	801	894	933
Depreciation Expense	144	156	163	187	242	212	194	188	185	179	179
Other Operating Expenses / (Income)	186	116	118	123	138	119	103	-	87	100	107
Restructuring Charge	4.85	3.06	0.19	44	2.06	1.21	-0.16	0.09	-0.35	0.22	0.32
Other Special Charges / (Income)	-0.35	-	-46	-8.98	-31	-	-2.70	2.38	-1.02	0.03	-8.26
Total Other Income / (Expense), net	-54	-52	-57	-72	-87	-93	-102	-113	-79	-74	-88
Interest Expense	57	55	59	78	96	92	100	105	93	99	111
Interest & Investment Income	1.88	1.56	1.70	5.79	5.53	7.05	-4.22	0.52	5.02	20	18
Other Income / (Expense), net	0.81	1.60	0.30	0.27	2.79	-8.06	1.94	-7.61	9.50	4.36	5.34
Income Tax Expense	1.15	-39	8.19	42	8.79	-3.75	52	1.19	1.52	1.26	1.60
Preferred Stock Dividends Declared	-	0.00	0.00	8.87	27	26	25	25	25	25	25
Net Income / (Loss) Attributable to Noncontrolling Interest	0.17	1.59	0.96	0.41	0.74	0.20	-4.36	-5.92	0.29	0.21	0.17
Basic Earnings per Share	$1.06	$1.69	$1.61	$0.47	$0.93	$0.59	($2.61)	($2.01)	$0.10	$0.32	$0.27
Weighted Average Basic Shares Outstanding	127.36M	128.44M	123.65M	140.62M	174.23M	171.29M	164.50M	164.00M	161.95M	155.93M	152.86M
Diluted Earnings per Share	$1.05	$1.68	$1.61	$0.47	$0.93	$0.59	($2.61)	($2.01)	$0.10	$0.32	$0.27
Weighted Average Diluted Shares Outstanding	128.29M	128.97M	123.88M	140.69M	174.32M	171.39M	164.50M	164.00M	162.29M	156.56M	153.48M
Weighted Average Basic & Diluted Shares Outstanding	131.93M	124.63M	124.62M	174.85M	173.69M	168.59M	164.97M	166.48M	162.56M	155.78M	151.96M
Cash Dividends to Common per Share	-	$1.32	$0.00	$1.32	$1.32	$1.32	$0.04	$0.04	$0.12	$0.36	$0.50

This table shows RLJ Lodging Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	11	0.33	4.37	35	10	1.66	-1.34	31	14	-0.90
Consolidated Net Income / (Loss)	18	6.80	11	42	16	8.04	4.75	37	21	5.51
Net Income / (Loss) Continuing Operations	18	6.80	11	42	16	8.04	4.75	37	21	5.51
Total Pre-Tax Income	18	7.18	11	42	17	8.27	5.06	38	21	6.03
Total Operating Income	39	26	30	61	34	27	23	61	45	29
Total Gross Profit	297	346	290	332	334	369	297	341	346	387
Total Revenue	318	302	315	357	334	320	324	369	346	330
Total Cost of Revenue	21	-44	25	25	0.00	-49	28	29	0.00	-57
Total Operating Expenses	258	320	284	271	300	318	301	280	301	330
Selling, General & Admin Expense	213	211	215	226	228	224	229	239	236	229
Depreciation Expense	47	45	45	45	45	44	45	44	45	45
Restructuring Charge	-0.77	0.23	0.02	0.00	0.00	0.20	0.01	0.08	0.21	0.02
Total Other Income / (Expense), net	-21	-18	-19	-19	-18	-19	-18	-23	-24	-23
Interest Expense	23	22	24	25	25	25	26	28	29	28
Interest & Investment Income	1.13	2.96	3.95	5.23	5.12	5.87	5.02	4.27	4.14	4.34
Other Income / (Expense), net	0.71	0.78	0.85	0.74	1.92	0.86	3.19	0.69	0.79	0.67
Income Tax Expense	0.39	0.38	0.34	0.36	0.33	0.23	0.31	0.39	0.38	0.52
Preferred Stock Dividends Declared	6.28	6.28	6.28	6.28	6.28	6.28	6.28	6.28	6.28	6.28
Net Income / (Loss) Attributable to Noncontrolling Interest	0.09	0.19	-0.13	0.33	-0.09	0.11	-0.19	0.19	0.04	0.14
Basic Earnings per Share	$0.07	-	$0.03	$0.22	$0.06	$0.01	($0.01)	$0.20	$0.09	($0.01)
Weighted Average Basic Shares Outstanding	160.37M	161.95M	159.48M	156.42M	154.56M	155.93M	152.97M	153.64M	153.07M	152.86M
Diluted Earnings per Share	$0.07	-	$0.03	$0.22	$0.06	$0.01	($0.01)	$0.20	$0.09	($0.01)
Weighted Average Diluted Shares Outstanding	160.78M	162.29M	160.14M	156.74M	155.08M	156.56M	152.97M	154.11M	153.24M	153.48M
Weighted Average Basic & Diluted Shares Outstanding	162.05M	162.56M	159.15M	157.48M	155.84M	155.78M	155.90M	155.02M	153.31M	151.96M

This table details how cash moves in and out of RLJ Lodging Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-70	-136	334	135	-274	542	7.63	-221	-177	19	-122
Net Cash From Operating Activities	299	329	331	261	395	397	-169	43	257	315	285
Net Cash From Continuing Operating Activities	299	329	331	261	395	397	-169	43	257	315	285
Net Income / (Loss) Continuing Operations	136	220	201	76	191	129	-409	-311	42	77	68
Consolidated Net Income / (Loss)	136	220	201	76	191	129	-409	-311	42	77	68
Depreciation Expense	144	156	163	187	242	212	194	188	185	179	179
Amortization Expense	5.00	4.56	4.10	0.74	0.42	2.05	2.01	3.79	9.23	11	12
Non-Cash Adjustments To Reconcile Net Income	25	-14	-40	0.72	-23	38	18	175	14	33	21
Changes in Operating Assets and Liabilities, net	-12	-37	3.33	-3.60	-15	16	26	-12	5.83	16	5.16
Net Cash From Investing Activities	-611	-46	185	65	277	530	-67	-25	-136	-135	-276
Net Cash From Continuing Investing Activities	-611	-46	185	65	277	530	-67	-25	-136	-135	-276
Purchase of Property, Plant & Equipment	-119	-150	-84	-103	-198	-157	-73	-48	-124	-132	-136
Acquisitions	-	-	0.00	-	-	0.00	0.00	-175	-59	-2.40	0.00
Sale of Property, Plant & Equipment	133	246	269	180	475	686	5.17	199	48	0.00	20
Other Investing Activities, net	6.62	0.00	0.00	-25	-0.35	-0.60	-0.10	-0.33	-	0.00	-159
Net Cash From Financing Activities	243	-419	-182	-190	-946	-385	243	-239	-298	-161	-132
Net Cash From Continuing Financing Activities	243	-419	-182	-190	-946	-385	243	-239	-298	-161	-131
Repayment of Debt	-467	-167	-60	-7.34	-962	-529	-7.45	-1,206	-201	-327	-705
Repurchase of Common Equity	0.00	-225	-13	-2.61	-22	-78	-63	0.00	-58	-76	-22
Payment of Dividends	-126	-171	-165	-177	-259	-254	-86	-32	-41	-74	-95
Issuance of Debt	611	157	62	0.00	300	521	400	1,000	5.00	320	700
Other Financing Activities, net	-7.29	-12	-6.34	-2.82	-3.39	-0.59	-0.81	-1.26	-3.50	-4.40	-9.01

This table details how cash moves in and out of RLJ Lodging Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-16	-3.26	-31	5.76	19	25	-164	16	17	8.98
Net Cash From Operating Activities	87	53	42	95	89	89	21	114	80	71
Net Cash From Continuing Operating Activities	87	53	42	95	89	89	21	114	80	71
Net Income / (Loss) Continuing Operations	18	6.80	11	42	16	8.04	4.75	37	21	5.51
Consolidated Net Income / (Loss)	18	6.80	11	42	16	8.04	4.75	37	21	5.51
Depreciation Expense	47	45	45	45	45	44	45	44	45	45
Amortization Expense	2.11	2.88	2.56	2.58	3.05	2.87	3.04	2.96	2.99	3.14
Non-Cash Adjustments To Reconcile Net Income	5.63	5.41	5.41	6.08	6.42	15	6.20	1.97	0.08	12
Changes in Operating Assets and Liabilities, net	15	-6.76	-21	-0.21	19	19	-38	27	11	4.73
Net Cash From Investing Activities	-93	-38	-33	-33	-36	-33	-158	-67	-21	-29
Net Cash From Continuing Investing Activities	-93	-38	-33	-33	-36	-33	-158	-67	-21	-29
Purchase of Property, Plant & Equipment	-35	-38	-33	-33	-36	-30	-34	-39	-35	-29
Acquisitions	-	-	-	-	-	-2.40	-	-	-0.40	159
Net Cash From Financing Activities	-11	-18	-40	-56	-34	-31	-27	-30	-42	-33
Net Cash From Continuing Financing Activities	-11	-18	-40	-56	-34	-31	-27	-30	-42	-32
Repayment of Debt	-0.01	-1.32	-94	-232	-0.09	-0.09	0.00	-200	-505	-0.11
Repurchase of Common Equity	-2.56	-4.04	-26	-30	-15	-4.80	-5.28	-7.92	-15	6.01
Payment of Dividends	-7.91	-17	-14	-19	-19	-22	-22	-22	-22	-29
Other Financing Activities, net	-0.02	-1.02	-0.04	-0.06	-0.05	-4.25	-0.07	-0.07	-0.07	-8.80

This table presents RLJ Lodging Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	4,128	3,973	4,023	6,795	6,002	5,851	5,617	5,149	4,978	4,919	4,884
Total Current Assets	393	215	550	719	437	1,025	981	778	575	581	459
Cash & Equivalents	262	134	457	586	320	882	900	665	481	517	410
Restricted Cash	63	55	67	73	65	45	35	49	55	39	24
Accounts Receivable	26	26	26	60	52	40	13	31	39	26	25
Plant, Property, & Equipment, net	197	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4,180	4,136	4,251
Total Noncurrent Assets	3,538	3,758	3,473	6,076	5,565	4,826	4,636	4,371	223	202	175
Long-Term Investments	-	-	0.00	24	22	15	6.80	6.52	6.98	7.40	7.46
Other Noncurrent Operating Assets	3,530	3,708	3,428	5,862	5,446	4,759	4,629	4,364	216	194	167
Total Liabilities & Shareholders' Equity	4,128	3,973	4,023	6,795	6,002	5,851	5,617	5,149	4,978	4,919	4,884
Total Liabilities	1,750	1,772	1,788	3,225	2,505	2,625	2,930	2,735	2,550	2,569	2,586
Total Current Liabilities	129	129	137	226	204	183	172	155	191	170	176
Accounts Payable	129	129	137	226	204	183	172	155	156	148	155
Accrued Expenses	-	-	-	-	-	-	-	-	21	23	21
Total Noncurrent Liabilities	1,621	1,643	1,651	2,999	2,304	2,442	2,757	2,580	2,358	2,398	2,410
Long-Term Debt	1,558	1,575	1,583	2,880	2,203	2,196	2,588	2,409	2,218	2,221	2,220
Capital Lease Obligations	-	-	-	-	-	-	-	-	117	123	119
Noncurrent Deferred Revenue	9.98	12	12	30	25	57	32	20	24	32	40
Other Noncurrent Operating Liabilities	45	46	45	82	73	188	138	150	-	23	31
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,378	2,201	2,235	3,570	3,497	3,226	2,687	2,414	2,429	2,351	2,298
Total Preferred & Common Equity	2,361	2,183	2,222	3,503	3,430	3,202	2,667	2,398	2,415	2,337	2,285
Preferred Stock	0.00	0.00	0.00	367	367	367	367	367	367	367	367
Total Common Equity	2,361	2,183	2,222	3,136	3,063	2,835	2,300	2,031	2,048	1,970	1,918
Common Stock	2,421	2,197	2,189	3,210	3,197	3,130	3,079	3,095	3,057	3,002	2,994
Retained Earnings	-46	2.44	38	-83	-150	-275	-710	-1,047	-1,049	-1,055	-1,090
Accumulated Other Comprehensive Income / (Loss)	-14	-17	-4.90	8.85	16	-20	-69	-17	41	23	14
Noncontrolling Interest	17	18	13	67	67	24	21	16	14	14	14

This table presents RLJ Lodging Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	4,967	4,932	4,933	4,940	4,890	4,918	4,888
Total Current Assets	582	623	636	653	418	438	451
Cash & Equivalents	488	474	477	495	350	371	385
Restricted Cash	52	31	34	36	41	36	39
Accounts Receivable	42	41	42	48	27	31	26
Plant, Property, & Equipment, net	4,171	0.00	0.00	0.00	4,249	4,275	4,257
Total Noncurrent Assets	213	4,309	4,297	4,287	223	205	180
Long-Term Investments	6.78	7.26	7.48	7.29	7.63	7.39	7.24
Other Noncurrent Operating Assets	68	4,301	4,289	4,280	215	198	173
Total Liabilities & Shareholders' Equity	4,967	4,932	4,933	4,940	4,890	4,918	4,888
Total Liabilities	2,528	2,539	2,532	2,556	2,552	2,570	2,572
Total Current Liabilities	160	145	127	151	174	172	167
Accounts Payable	151	145	127	151	139	150	155
Accrued Expenses	9.49	-	-	-	13	22	12
Total Noncurrent Liabilities	2,367	2,394	2,406	2,406	2,378	2,399	2,405
Long-Term Debt	2,213	2,219	2,219	2,220	2,222	2,223	2,219
Capital Lease Obligations	118	-	-	-	120	120	120
Noncurrent Deferred Revenue	22	-	25	31	36	33	37
Other Noncurrent Operating Liabilities	15	175	162	155	-	23	30
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,439	2,393	2,400	2,384	2,338	2,348	2,316
Total Preferred & Common Equity	2,425	2,379	2,386	2,370	2,324	2,334	2,302
Preferred Stock	367	367	367	367	367	367	367
Total Common Equity	2,057	2,013	2,019	2,003	1,957	1,967	1,935
Common Stock	3,057	3,036	3,013	3,005	3,004	3,002	2,992
Retained Earnings	-1,042	-1,058	-1,036	-1,041	-1,072	-1,057	-1,066
Accumulated Other Comprehensive Income / (Loss)	42	34	42	40	25	22	8.84
Noncontrolling Interest	7.49	14	14	14	14	14	14

This table displays calculated financial ratios and metrics derived from RLJ Lodging Trust's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	128.61%	-48.78%	2.08%	16.92%	29.86%	-11.07%	-69.79%	66.07%	51.93%	11.05%	3.31%
EBITDA Growth	12.77%	7.26%	18.27%	-12.72%	40.65%	-20.33%	-113.28%	76.23%	2,537.70%	6.39%	2.37%
EBIT Growth	12.86%	6.93%	29.74%	-28.59%	52.20%	-27.50%	-220.16%	18.82%	164.36%	18.78%	4.35%
NOPAT Growth	16.30%	-24.79%	79.29%	-52.26%	124.55%	-18.11%	-179.26%	22.43%	185.55%	26.83%	3.12%
Net Income Growth	19.53%	61.06%	-8.42%	-62.38%	152.00%	-32.21%	-415.97%	23.90%	113.57%	81.49%	-11.00%
EPS Growth	11.70%	60.00%	-4.17%	-70.81%	97.87%	-36.56%	-542.37%	22.99%	104.98%	220.00%	-15.63%
Operating Cash Flow Growth	18.87%	10.07%	0.74%	-21.36%	51.51%	0.63%	-142.46%	125.46%	497.10%	22.85%	-9.43%
Free Cash Flow Firm Growth	-706.71%	164.37%	228.05%	-528.98%	132.00%	37.49%	-103.07%	391.36%	-114.48%	1,989.01%	-64.69%
Invested Capital Growth	14.22%	-0.67%	-8.15%	75.09%	-8.29%	-15.31%	-3.27%	-5.32%	3.21%	-2.43%	1.58%
Revenue Q/Q Growth	0.00%	-54.82%	-1.31%	45.06%	18.79%	-58.04%	0.00%	23.02%	5.68%	1.34%	0.76%
EBITDA Q/Q Growth	2.85%	0.14%	11.99%	-0.14%	-4.37%	-8.36%	-129.64%	42.58%	-0.16%	0.36%	0.97%
EBIT Q/Q Growth	1.47%	-1.01%	22.00%	-10.98%	-6.14%	-12.39%	-3,136.07%	4.04%	1.01%	0.86%	1.36%
NOPAT Q/Q Growth	47.82%	-30.70%	67.73%	-18.18%	10.94%	-75.86%	0.00%	5.48%	17.93%	1.05%	1.04%
Net Income Q/Q Growth	333.67%	22.45%	0.73%	-73.07%	474.42%	5.71%	-42.94%	16.16%	464.07%	1.65%	-3.58%
EPS Q/Q Growth	1.94%	25.37%	1.26%	-58.41%	20.78%	9.26%	0.00%	0.00%	0.00%	3.23%	-6.90%
Operating Cash Flow Q/Q Growth	2.95%	6.91%	-4.34%	-9.61%	7.66%	2.69%	-3,485.67%	169.66%	13.31%	12.94%	-5.91%
Free Cash Flow Firm Q/Q Growth	21.39%	-35.57%	171.09%	-1.41%	-17.46%	-39.15%	-113.92%	254.58%	-162.74%	-17.19%	2,954.52%
Invested Capital Q/Q Growth	-0.07%	0.74%	-6.16%	-3.52%	-0.46%	-1.43%	0.39%	-1.00%	0.26%	1.60%	-0.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.04%	45.63%	45.93%	42.44%	39.01%	100.00%	100.00%	88.69%	100.00%	100.00%	100.00%
EBITDA Margin	15.39%	32.23%	37.35%	27.88%	30.20%	27.05%	-11.89%	-1.70%	27.31%	26.17%	25.93%
Operating Margin	8.63%	17.94%	22.96%	14.02%	16.29%	13.93%	-53.77%	-25.12%	10.26%	11.49%	11.55%
EBIT Margin	8.66%	18.09%	22.99%	14.04%	16.45%	13.41%	-53.36%	-26.09%	11.05%	11.82%	11.94%
Profit (Net Income) Margin	6.15%	19.34%	17.35%	5.58%	10.84%	8.26%	-86.41%	-39.60%	3.54%	5.78%	4.98%
Tax Burden Percent	99.42%	0.00%	96.09%	64.26%	95.60%	102.99%	114.56%	100.38%	96.53%	98.39%	97.71%
Interest Burden Percent	71.42%	0.00%	78.58%	61.90%	68.90%	59.80%	141.35%	151.21%	33.15%	49.70%	42.68%
Effective Tax Rate	0.83%	0.00%	3.91%	35.74%	4.40%	-2.99%	0.00%	0.00%	3.47%	1.61%	2.29%
Return on Invested Capital (ROIC)	5.61%	3.97%	7.44%	2.70%	4.96%	4.60%	-4.04%	-3.27%	2.83%	3.58%	3.71%
ROIC Less NNEP Spread (ROIC-NNEP)	0.86%	9.85%	2.97%	-0.16%	0.78%	-1.66%	-19.96%	-13.65%	-1.51%	-0.50%	-0.98%
Return on Net Nonoperating Assets (RNNOA)	0.43%	5.63%	1.64%	-0.09%	0.44%	-0.75%	-9.78%	-8.92%	-1.09%	-0.38%	-0.78%
Return on Equity (ROE)	6.03%	9.60%	9.08%	2.61%	5.40%	3.85%	-13.83%	-12.20%	1.74%	3.21%	2.93%
Cash Return on Invested Capital (CROIC)	-7.67%	4.64%	15.93%	-51.90%	13.61%	21.18%	-0.72%	2.19%	-0.32%	6.05%	2.14%
Operating Return on Assets (OROA)	4.90%	5.07%	6.67%	3.52%	4.53%	3.54%	-4.40%	-3.81%	2.61%	3.17%	3.34%
Return on Assets (ROA)	3.48%	5.43%	5.04%	1.40%	2.98%	2.18%	-7.13%	-5.78%	0.83%	1.55%	1.39%
Return on Common Equity (ROCE)	5.98%	9.53%	9.01%	2.41%	4.74%	3.38%	-12.00%	-10.35%	1.47%	2.70%	2.45%
Return on Equity Simple (ROE_SIMPLE)	5.78%	10.07%	9.06%	2.16%	5.56%	4.04%	-15.33%	-12.97%	1.75%	3.28%	2.98%
Net Operating Profit after Tax (NOPAT)	190	143	256	122	274	225	-178	-138	118	150	155
NOPAT Margin	8.56%	12.56%	22.06%	9.01%	15.58%	14.34%	-37.64%	-17.58%	9.90%	11.31%	11.28%
Net Nonoperating Expense Percent (NNEP)	4.75%	-5.89%	4.47%	2.85%	4.18%	6.26%	15.92%	10.37%	4.35%	4.08%	4.69%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	2.48%	3.19%	3.33%
Cost of Revenue to Revenue	23.96%	54.37%	54.07%	57.56%	60.99%	0.00%	0.00%	11.31%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	1.88%	3.33%	2.72%	2.98%	2.79%	64.01%	91.46%	71.16%	67.08%	67.42%	68.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.40%	27.68%	22.97%	28.42%	22.72%	86.07%	153.77%	113.81%	89.74%	88.51%	88.45%
Earnings before Interest and Taxes (EBIT)	192	206	267	190	290	210	-252	-205	132	157	164
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	341	366	433	378	532	424	-56	-13	326	347	355
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.27	0.89	1.04	0.99	0.81	0.99	0.95	1.07	0.77	0.88	0.82
Price to Tangible Book Value (P/TBV)	1.27	0.89	1.04	1.03	0.82	0.99	0.95	1.07	0.77	0.88	0.82
Price to Revenue (P/Rev)	1.36	1.71	1.99	2.28	1.41	1.79	4.61	2.77	1.32	1.31	1.14
Price to Earnings (P/E)	22.20	8.89	11.52	46.62	15.17	27.37	0.00	0.00	93.80	33.88	36.48
Dividend Yield	4.57%	8.55%	7.11%	7.45%	9.33%	8.01%	0.30%	0.31%	1.23%	3.23%	4.90%
Earnings Yield	4.51%	11.25%	8.68%	2.15%	6.59%	3.65%	0.00%	0.00%	1.07%	2.95%	2.74%
Enterprise Value to Invested Capital (EV/IC)	1.18	0.93	1.03	0.99	0.89	0.99	0.97	1.03	0.89	0.94	0.92
Enterprise Value to Revenue (EV/Rev)	1.92	2.94	2.91	4.22	2.67	2.84	8.91	5.40	3.14	2.94	2.81
Enterprise Value to EBITDA (EV/EBITDA)	12.46	9.13	7.80	15.15	8.86	10.52	0.00	0.00	11.50	11.24	10.83
Enterprise Value to EBIT (EV/EBIT)	22.14	16.27	12.68	30.10	16.25	21.21	0.00	0.00	28.42	24.88	23.51
Enterprise Value to NOPAT (EV/NOPAT)	22.42	23.43	13.21	46.90	17.17	19.83	0.00	0.00	31.73	26.02	24.88
Enterprise Value to Operating Cash Flow (EV/OCF)	14.24	10.17	10.20	21.99	11.93	11.21	0.00	98.84	14.61	12.37	13.47
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	20.01	6.17	0.00	6.26	4.31	0.00	45.91	0.00	15.42	43.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.72	0.71	0.81	0.63	0.68	0.96	1.00	0.96	1.00	1.02
Long-Term Debt to Equity	0.65	0.72	0.71	0.81	0.63	0.68	0.96	1.00	0.96	1.00	1.02
Financial Leverage	0.50	0.57	0.55	0.56	0.56	0.45	0.49	0.65	0.72	0.75	0.79
Leverage Ratio	1.73	1.77	1.80	1.86	1.81	1.76	1.94	2.11	2.09	2.07	2.11
Compound Leverage Factor	1.24	0.00	1.42	1.15	1.25	1.05	2.74	3.19	0.69	1.03	0.90
Debt to Total Capital	39.57%	41.72%	41.45%	44.65%	38.65%	40.49%	49.06%	49.95%	49.01%	49.92%	50.44%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	39.57%	41.72%	41.45%	44.65%	38.65%	40.49%	49.06%	49.95%	49.01%	49.92%	50.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	5.69%	6.44%	6.77%	6.96%	7.61%	7.70%	7.82%	7.91%
Noncontrolling Interests to Total Capital	0.44%	0.47%	0.35%	1.04%	1.18%	0.45%	0.40%	0.34%	0.29%	0.30%	0.30%
Common Equity to Total Capital	59.98%	57.81%	58.20%	48.61%	53.74%	52.29%	43.59%	42.10%	42.99%	41.97%	41.35%
Debt to EBITDA	4.56	4.30	3.65	7.62	4.14	5.18	-45.99	-180.16	7.16	6.76	6.59
Net Debt to EBITDA	3.61	3.78	2.44	5.81	3.38	2.96	-29.26	-126.29	5.49	5.13	5.35
Long-Term Debt to EBITDA	4.56	4.30	3.65	7.62	4.14	5.18	-45.99	-180.16	7.16	6.76	6.59
Debt to NOPAT	8.21	11.04	6.18	23.58	8.03	9.77	-14.53	-17.44	19.76	15.64	15.14
Net Debt to NOPAT	6.49	9.71	4.14	17.99	6.54	5.58	-9.24	-12.23	15.16	11.88	12.28
Long-Term Debt to NOPAT	8.21	11.04	6.18	23.58	8.03	9.77	-14.53	-17.44	19.76	15.64	15.14
Altman Z-Score	1.78	1.14	1.42	0.94	1.06	1.14	0.38	0.36	0.50	0.58	0.51
Noncontrolling Interest Sharing Ratio	0.80%	0.77%	0.70%	7.71%	12.29%	12.27%	13.17%	15.11%	15.78%	15.94%	16.38%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.04	1.67	4.01	3.19	2.14	5.59	5.69	5.02	3.01	3.41	2.61
Quick Ratio	2.23	1.24	3.52	2.86	1.83	5.03	5.30	4.49	2.72	3.19	2.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-260	167	548	-2,352	752	1,035	-32	92	-13	253	89
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-247.49%	0.00%	336.61%	238.11%	243.99%
Free Cash Flow to Firm to Interest Expense	-4.57	3.05	9.32	-30.02	7.87	11.31	-0.32	0.88	-0.14	2.56	0.80
Operating Cash Flow to Interest Expense	5.26	6.00	5.63	3.33	4.13	4.34	-1.68	0.41	2.75	3.18	2.56
Operating Cash Flow Less CapEx to Interest Expense	5.50	7.77	8.78	4.31	7.03	10.12	-2.36	1.83	1.93	1.85	1.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	0.28	0.29	0.25	0.28	0.26	0.08	0.15	0.24	0.27	0.28
Accounts Receivable Turnover	91.57	44.18	44.81	31.53	31.42	34.09	17.82	35.36	34.29	40.98	53.02
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.32	0.33
Accounts Payable Turnover	4.35	4.78	4.71	4.30	5.00	0.00	0.00	0.54	0.00	0.00	0.00
Days Sales Outstanding (DSO)	3.99	8.26	8.15	11.58	11.62	10.71	20.49	10.32	10.64	8.91	6.88
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	83.91	76.38	77.48	84.80	72.97	0.00	0.00	672.60	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-79.93	-68.11	-69.33	-73.22	-61.35	10.71	20.49	-662.28	10.64	8.91	6.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,611	3,586	3,294	5,768	5,290	4,480	4,334	4,103	4,234	4,131	4,197
Invested Capital Turnover	0.66	0.32	0.34	0.30	0.32	0.32	0.11	0.19	0.29	0.32	0.33
Increase / (Decrease) in Invested Capital	449	-24	-292	2,474	-478	-810	-146	-231	132	-103	65
Enterprise Value (EV)	4,256	3,344	3,381	5,730	4,710	4,456	4,216	4,246	3,749	3,899	3,844
Market Capitalization	3,006	1,940	2,308	3,098	2,480	2,811	2,182	2,174	1,577	1,738	1,565
Book Value per Share	$17.88	$17.36	$17.88	$17.93	$17.47	$16.63	$13.94	$12.19	$12.64	$12.64	$12.51
Tangible Book Value per Share	$17.88	$17.36	$17.87	$17.17	$17.17	$16.63	$13.94	$12.19	$12.64	$12.64	$12.51
Total Capital	3,936	3,776	3,818	6,451	5,700	5,422	5,275	4,823	4,763	4,694	4,637
Total Debt	1,558	1,575	1,583	2,880	2,203	2,196	2,588	2,409	2,335	2,343	2,339
Total Long-Term Debt	1,558	1,575	1,583	2,880	2,203	2,196	2,588	2,409	2,335	2,343	2,339
Net Debt	1,232	1,386	1,059	2,198	1,796	1,253	1,646	1,689	1,791	1,781	1,898
Capital Expenditures (CapEx)	-14	-97	-185	-77	-277	-529	68	-150	76	132	117
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-62	-103	-111	-166	-152	-85	-126	-91	-153	-144	-150
Debt-free Net Working Capital (DFNWC)	264	86	413	493	233	842	809	623	384	411	283
Net Working Capital (NWC)	264	86	413	493	233	842	809	623	384	411	283
Net Nonoperating Expense (NNE)	53	-77	55	46	83	95	231	173	76	73	86
Net Nonoperating Obligations (NNO)	1,232	1,386	1,059	2,198	1,793	1,253	1,646	1,689	1,806	1,781	1,898
Total Depreciation and Amortization (D&A)	149	161	167	188	242	214	196	192	194	190	192
Debt-free, Cash-free Net Working Capital to Revenue	-2.78%	-9.10%	-9.57%	-12.21%	-8.61%	-5.43%	-26.66%	-11.54%	-12.79%	-10.88%	-10.96%
Debt-free Net Working Capital to Revenue	11.90%	7.59%	35.59%	36.38%	13.24%	53.76%	170.93%	79.32%	32.14%	31.02%	20.69%
Net Working Capital to Revenue	11.90%	7.59%	35.59%	36.38%	13.24%	53.76%	170.93%	79.32%	32.14%	31.02%	20.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$1.69	$1.61	$0.47	$0.93	$0.59	($2.61)	($2.01)	$0.10	$0.32	$0.27
Adjusted Weighted Average Basic Shares Outstanding	127.36M	128.44M	123.65M	140.62M	174.23M	171.29M	164.50M	164.00M	161.95M	155.93M	152.86M
Adjusted Diluted Earnings per Share	$1.05	$1.68	$1.61	$0.47	$0.93	$0.59	($2.61)	($2.01)	$0.10	$0.32	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	128.29M	128.97M	123.88M	140.69M	174.32M	171.39M	164.50M	164.00M	162.29M	156.56M	153.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	131.93M	124.63M	124.62M	174.85M	173.69M	168.59M	164.97M	166.48M	162.56M	155.78M	151.96M
Normalized Net Operating Profit after Tax (NOPAT)	203	146	212	145	247	163	-180	-35	117	150	147
Normalized NOPAT Margin	9.17%	12.81%	18.27%	10.69%	14.01%	10.41%	-38.06%	-4.46%	9.79%	11.32%	10.72%
Pre Tax Income Margin	6.19%	0.00%	18.06%	8.69%	11.34%	8.02%	-75.43%	-39.44%	3.66%	5.87%	5.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.38	3.75	4.53	2.43	3.03	2.30	-2.52	-1.94	1.42	1.58	1.47
NOPAT to Interest Expense	3.34	2.61	4.35	1.56	2.87	2.46	-1.78	-1.31	1.27	1.51	1.39
EBIT Less CapEx to Interest Expense	3.63	5.51	7.68	3.41	5.93	8.07	-3.20	-0.52	0.60	0.25	0.42
NOPAT Less CapEx to Interest Expense	3.58	4.37	7.50	2.54	5.77	8.23	-2.46	0.12	0.45	0.18	0.34
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	92.34%	78.00%	81.77%	234.35%	135.61%	196.10%	-21.07%	-10.23%	97.16%	96.99%	139.21%
Augmented Payout Ratio	92.34%	180.44%	88.37%	237.79%	147.04%	256.26%	-36.38%	-10.23%	233.70%	196.15%	171.47%

This table displays calculated financial ratios and metrics derived from RLJ Lodging Trust's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	36.06%	26.92%	29.48%	8.01%	5.14%	5.80%	3.15%	3.46%	3.39%	3.22%
EBITDA Growth	137.85%	-0.71%	35.65%	2.83%	-4.61%	1.68%	-5.58%	-0.15%	11.13%	4.53%
EBIT Growth	114.13%	5.29%	245.33%	8.02%	-8.03%	5.04%	-14.65%	-0.16%	25.46%	7.92%
NOPAT Growth	119.21%	27.73%	2,353.32%	8.99%	-11.13%	7.68%	-25.20%	-0.27%	30.41%	2.34%
Net Income Growth	111.65%	124.34%	167.97%	25.66%	-7.58%	18.25%	-54.86%	-10.62%	26.31%	-31.46%
EPS Growth	107.45%	0.00%	123.08%	37.50%	-14.29%	0.00%	-133.33%	-9.09%	50.00%	-200.00%
Operating Cash Flow Growth	97.36%	132.69%	308.30%	-10.30%	1.96%	68.30%	-50.58%	19.38%	-10.07%	-20.15%
Free Cash Flow Firm Growth	-59.32%	-143.00%	80.47%	-90.92%	567.40%	220.34%	-217.90%	-563.86%	-158.68%	-129.84%
Invested Capital Growth	1.90%	3.21%	-2.96%	0.87%	-3.72%	-2.43%	4.98%	4.29%	3.84%	1.58%
Revenue Q/Q Growth	-3.76%	-4.99%	4.07%	13.50%	-6.32%	-4.40%	1.47%	13.84%	-6.38%	-4.56%
EBITDA Q/Q Growth	-16.80%	-16.38%	6.52%	38.76%	-22.82%	-10.87%	-1.09%	46.74%	-14.10%	-16.16%
EBIT Q/Q Growth	-30.56%	-33.36%	17.70%	98.33%	-40.88%	-23.89%	-4.36%	132.00%	-25.71%	-34.52%
NOPAT Q/Q Growth	-31.29%	-36.24%	20.66%	106.20%	-43.98%	-22.74%	-16.18%	174.91%	-26.74%	-39.37%
Net Income Q/Q Growth	-46.74%	-61.55%	54.64%	296.80%	-60.83%	-50.80%	-40.97%	685.74%	-44.64%	-73.30%
EPS Q/Q Growth	-56.25%	0.00%	0.00%	633.33%	-72.73%	-83.33%	-200.00%	2,100.00%	-55.00%	-111.11%
Operating Cash Flow Q/Q Growth	-17.59%	-39.50%	-20.50%	126.32%	-6.33%	-0.13%	-76.65%	446.67%	-29.45%	-11.33%
Free Cash Flow Firm Q/Q Growth	-114.89%	-162.75%	243.93%	-83.87%	666.23%	-32.35%	-241.02%	36.54%	3.07%	65.60%
Invested Capital Q/Q Growth	3.90%	0.26%	-3.18%	0.01%	-0.82%	1.60%	4.17%	-0.65%	-1.25%	-0.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	93.48%	114.46%	92.16%	93.08%	100.00%	115.43%	91.42%	92.21%	100.00%	117.15%
EBITDA Margin	27.74%	24.42%	24.99%	30.55%	25.17%	23.47%	22.88%	29.49%	27.05%	23.76%
Operating Margin	12.22%	8.47%	9.60%	17.04%	10.31%	8.40%	7.18%	16.46%	12.98%	8.86%
EBIT Margin	12.44%	8.73%	9.87%	17.25%	10.88%	8.66%	8.17%	16.64%	13.21%	9.06%
Profit (Net Income) Margin	5.56%	2.25%	3.34%	11.69%	4.89%	2.51%	1.46%	10.10%	5.97%	1.67%
Tax Burden Percent	97.84%	94.72%	96.88%	99.15%	98.01%	97.24%	93.89%	98.96%	98.20%	91.41%
Interest Burden Percent	45.68%	27.22%	34.97%	68.35%	45.82%	29.85%	19.08%	61.31%	46.04%	20.17%
Effective Tax Rate	2.16%	5.28%	3.12%	0.85%	1.99%	2.76%	6.11%	1.04%	1.80%	8.59%
Return on Invested Capital (ROIC)	3.23%	2.30%	2.83%	5.35%	3.19%	2.59%	2.14%	5.24%	4.18%	2.66%
ROIC Less NNEP Spread (ROIC-NNEP)	2.06%	1.30%	1.76%	4.24%	2.18%	1.58%	1.21%	3.98%	2.87%	1.51%
Return on Net Nonoperating Assets (RNNOA)	1.48%	0.94%	1.28%	2.95%	1.57%	1.19%	0.94%	3.04%	2.20%	1.19%
Return on Equity (ROE)	4.71%	3.23%	4.11%	8.29%	4.76%	3.77%	3.08%	8.28%	6.37%	3.86%
Cash Return on Invested Capital (CROIC)	0.51%	-0.32%	6.55%	2.87%	7.37%	6.05%	-1.45%	-0.79%	-0.08%	2.14%
Operating Return on Assets (OROA)	2.79%	2.06%	2.53%	4.52%	2.87%	2.32%	2.22%	4.55%	3.65%	2.53%
Return on Assets (ROA)	1.24%	0.53%	0.86%	3.06%	1.29%	0.67%	0.40%	2.76%	1.65%	0.47%
Return on Common Equity (ROCE)	3.97%	2.72%	3.46%	6.98%	4.00%	3.17%	2.59%	6.95%	5.34%	3.22%
Return on Equity Simple (ROE_SIMPLE)	0.31%	0.00%	2.87%	3.22%	3.18%	0.00%	3.05%	2.85%	3.07%	0.00%
Net Operating Profit after Tax (NOPAT)	38	24	29	60	34	26	22	60	44	27
NOPAT Margin	11.95%	8.02%	9.30%	16.89%	10.10%	8.16%	6.74%	16.29%	12.74%	8.09%
Net Nonoperating Expense Percent (NNEP)	1.16%	1.00%	1.07%	1.11%	1.01%	1.01%	0.93%	1.26%	1.30%	1.15%
Return On Investment Capital (ROIC_SIMPLE)	-	0.51%	-	-	-	0.56%	-	-	-	0.58%
Cost of Revenue to Revenue	6.52%	-14.46%	7.84%	6.92%	0.00%	-15.43%	8.58%	7.79%	0.00%	-17.15%
SG&A Expenses to Revenue	66.85%	69.85%	68.25%	63.45%	68.27%	70.14%	70.46%	64.65%	68.37%	69.40%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	81.26%	105.99%	90.40%	76.05%	89.69%	99.33%	92.82%	75.76%	87.02%	99.86%
Earnings before Interest and Taxes (EBIT)	40	26	31	62	36	28	26	61	46	30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	88	74	79	109	84	75	74	109	94	78
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.76	0.77	0.82	0.78	0.74	0.88	0.93	0.76	0.74	0.82
Price to Tangible Book Value (P/TBV)	0.76	0.77	0.82	0.78	0.74	0.88	0.93	0.76	0.74	0.82
Price to Revenue (P/Rev)	1.37	1.32	1.30	1.22	1.13	1.31	1.36	1.11	1.05	1.14
Price to Earnings (P/E)	0.00	93.80	38.54	30.78	29.54	33.88	39.99	36.36	31.30	36.48
Dividend Yield	0.84%	1.23%	1.88%	2.63%	3.31%	3.23%	3.25%	4.15%	4.90%	4.90%
Earnings Yield	0.00%	1.07%	2.59%	3.25%	3.39%	2.95%	2.50%	2.75%	3.19%	2.74%
Enterprise Value to Invested Capital (EV/IC)	0.88	0.89	0.91	0.89	0.87	0.94	0.96	0.89	0.88	0.92
Enterprise Value to Revenue (EV/Rev)	3.29	3.14	2.95	2.83	2.71	2.94	3.11	2.83	2.73	2.81
Enterprise Value to EBITDA (EV/EBITDA)	11.37	11.50	10.77	10.45	10.24	11.24	12.11	11.13	10.55	10.83
Enterprise Value to EBIT (EV/EBIT)	28.42	28.42	24.25	23.05	22.78	24.88	27.26	25.06	23.00	23.51
Enterprise Value to NOPAT (EV/NOPAT)	37.04	31.73	25.34	23.96	23.86	26.02	29.01	26.70	24.26	24.88
Enterprise Value to Operating Cash Flow (EV/OCF)	16.39	14.61	12.95	13.18	12.68	12.37	14.11	12.20	12.23	13.47
Enterprise Value to Free Cash Flow (EV/FCFF)	173.94	0.00	13.70	31.20	11.59	15.42	0.00	0.00	0.00	43.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.96	0.96	0.93	0.92	0.93	1.00	1.00	1.00	1.01	1.02
Long-Term Debt to Equity	0.96	0.96	0.93	0.92	0.93	1.00	1.00	1.00	1.01	1.02
Financial Leverage	0.72	0.72	0.73	0.70	0.72	0.75	0.78	0.76	0.76	0.79
Leverage Ratio	2.07	2.09	2.05	2.05	2.05	2.07	2.08	2.07	2.09	2.11
Compound Leverage Factor	0.95	0.57	0.72	1.40	0.94	0.62	0.40	1.27	0.96	0.43
Debt to Total Capital	48.86%	49.01%	48.11%	48.04%	48.22%	49.92%	50.05%	49.94%	50.24%	50.44%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	48.86%	49.01%	48.11%	48.04%	48.22%	49.92%	50.05%	49.94%	50.24%	50.44%
Preferred Equity to Total Capital	7.69%	7.70%	7.96%	7.94%	7.97%	7.82%	7.84%	7.82%	7.88%	7.91%
Noncontrolling Interests to Total Capital	0.16%	0.29%	0.30%	0.30%	0.30%	0.30%	0.29%	0.29%	0.29%	0.30%
Common Equity to Total Capital	43.12%	42.99%	43.63%	43.71%	43.51%	41.97%	41.82%	41.94%	41.58%	41.35%
Debt to EBITDA	7.14	7.16	6.40	6.35	6.42	6.76	6.84	6.84	6.65	6.59
Net Debt to EBITDA	5.46	5.49	4.92	4.86	4.87	5.13	5.68	5.63	5.42	5.35
Long-Term Debt to EBITDA	7.14	7.16	6.40	6.35	6.42	6.76	6.84	6.84	6.65	6.59
Debt to NOPAT	23.26	19.76	15.07	14.54	14.97	15.64	16.38	16.42	15.29	15.14
Net Debt to NOPAT	17.81	15.16	11.58	11.14	11.34	11.88	13.59	13.51	12.47	12.28
Long-Term Debt to NOPAT	23.26	19.76	15.07	14.54	14.97	15.64	16.38	16.42	15.29	15.14
Altman Z-Score	0.43	0.43	0.48	0.51	0.46	0.49	0.47	0.43	0.41	0.42
Noncontrolling Interest Sharing Ratio	15.72%	15.78%	15.85%	15.85%	15.82%	15.94%	16.09%	16.04%	16.20%	16.38%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.63	3.01	4.31	5.01	4.34	3.41	2.40	2.55	2.70	2.61
Quick Ratio	3.31	2.72	3.56	4.09	3.60	3.19	2.17	2.34	2.47	2.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-41	-107	154	25	191	129	-182	-116	-112	-39
Operating Cash Flow to CapEx	247.96%	140.40%	128.76%	286.98%	246.00%	292.91%	61.45%	294.28%	230.99%	241.29%
Free Cash Flow to Firm to Interest Expense	-1.81	-4.84	6.40	1.01	7.69	5.10	-6.88	-4.12	-3.89	-1.37
Operating Cash Flow to Interest Expense	3.86	2.39	1.74	3.85	3.59	3.52	0.78	4.05	2.78	2.52
Operating Cash Flow Less CapEx to Interest Expense	2.30	0.69	0.39	2.51	2.13	2.32	-0.49	2.67	1.58	1.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.22	0.24	0.26	0.26	0.26	0.27	0.27	0.27	0.28	0.28
Accounts Receivable Turnover	31.72	34.29	32.01	31.24	28.94	40.98	39.32	37.10	36.52	53.02
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.32	0.00	0.00	0.00	0.33
Accounts Payable Turnover	0.60	0.00	0.81	0.85	0.61	0.00	0.73	0.78	0.70	0.00
Days Sales Outstanding (DSO)	11.51	10.64	11.40	11.68	12.61	8.91	9.28	9.84	9.99	6.88
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	610.93	0.00	449.10	428.19	594.17	0.00	500.14	469.62	518.86	0.00
Cash Conversion Cycle (CCC)	-599.43	10.64	-437.70	-416.51	-581.56	8.91	-490.86	-459.78	-508.86	6.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,223	4,234	4,100	4,100	4,066	4,131	4,304	4,276	4,222	4,197
Invested Capital Turnover	0.27	0.29	0.30	0.32	0.32	0.32	0.32	0.32	0.33	0.33
Increase / (Decrease) in Invested Capital	79	132	-125	35	-157	-103	204	176	156	65
Enterprise Value (EV)	3,711	3,749	3,733	3,655	3,539	3,899	4,147	3,810	3,711	3,844
Market Capitalization	1,553	1,577	1,646	1,574	1,476	1,738	1,823	1,501	1,423	1,565
Book Value per Share	$12.64	$12.64	$12.38	$12.69	$12.72	$12.64	$12.79	$12.62	$12.48	$12.51
Tangible Book Value per Share	$12.64	$12.64	$12.38	$12.69	$12.72	$12.64	$12.79	$12.62	$12.48	$12.51
Total Capital	4,770	4,763	4,613	4,619	4,604	4,694	4,680	4,690	4,654	4,637
Total Debt	2,331	2,335	2,219	2,219	2,220	2,343	2,342	2,343	2,338	2,339
Total Long-Term Debt	2,331	2,335	2,219	2,219	2,220	2,343	2,342	2,343	2,338	2,339
Net Debt	1,784	1,791	1,706	1,700	1,682	1,781	1,944	1,928	1,907	1,898
Capital Expenditures (CapEx)	35	38	33	33	36	30	34	39	35	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-118	-153	-27	-2.55	-28	-144	-147	-141	-141	-150
Debt-free Net Working Capital (DFNWC)	422	384	479	509	502	411	244	267	284	283
Net Working Capital (NWC)	422	384	479	509	502	411	244	267	284	283
Net Nonoperating Expense (NNE)	20	17	19	19	17	18	17	23	23	21
Net Nonoperating Obligations (NNO)	1,784	1,806	1,706	1,700	1,682	1,781	1,966	1,928	1,907	1,898
Total Depreciation and Amortization (D&A)	49	47	48	48	48	47	48	47	48	49
Debt-free, Cash-free Net Working Capital to Revenue	-10.45%	-12.79%	-2.13%	-0.20%	-2.13%	-10.88%	-11.03%	-10.44%	-10.35%	-10.96%
Debt-free Net Working Capital to Revenue	37.32%	32.14%	37.83%	39.39%	38.41%	31.02%	18.25%	19.77%	20.88%	20.69%
Net Working Capital to Revenue	37.32%	32.14%	37.83%	39.39%	38.41%	31.02%	18.25%	19.77%	20.88%	20.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	$0.00	$0.03	$0.22	$0.06	$0.01	($0.01)	$0.20	$0.09	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	160.37M	161.95M	159.48M	156.42M	154.56M	155.93M	152.97M	153.64M	153.07M	152.86M
Adjusted Diluted Earnings per Share	$0.07	$0.00	$0.03	$0.22	$0.06	$0.01	($0.01)	$0.20	$0.09	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	160.78M	162.29M	160.14M	156.74M	155.08M	156.56M	152.97M	154.11M	153.24M	153.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	162.05M	162.56M	159.15M	157.48M	155.84M	155.78M	155.90M	155.02M	153.31M	151.96M
Normalized Net Operating Profit after Tax (NOPAT)	37	24	29	60	34	26	22	57	40	27
Normalized NOPAT Margin	11.73%	8.09%	9.31%	16.91%	10.10%	8.22%	6.75%	15.36%	11.45%	8.10%
Pre Tax Income Margin	5.68%	2.38%	3.45%	11.79%	4.99%	2.59%	1.56%	10.20%	6.08%	1.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.75	1.19	1.29	2.49	1.47	1.09	1.00	2.19	1.59	1.06
NOPAT to Interest Expense	1.68	1.09	1.21	2.44	1.36	1.03	0.83	2.14	1.53	0.95
EBIT Less CapEx to Interest Expense	0.19	-0.51	-0.07	1.15	0.01	-0.11	-0.28	0.82	0.38	0.02
NOPAT Less CapEx to Interest Expense	0.12	-0.61	-0.14	1.10	-0.10	-0.17	-0.45	0.77	0.33	-0.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	426.83%	97.16%	69.58%	76.20%	92.13%	96.99%	115.37%	127.36%	123.73%	139.21%
Augmented Payout Ratio	1,110.25%	233.70%	190.98%	158.30%	191.92%	196.15%	192.76%	176.75%	170.11%	171.47%

Frequently Asked Questions About RLJ Lodging Trust's Financials

When does RLJ Lodging Trust's fiscal year end?

According to the most recent income statement we have on file, RLJ Lodging Trust's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has RLJ Lodging Trust's net income changed over the last 10 years?

RLJ Lodging Trust's net income appears to be on a downward trend, with a most recent value of $68.19 million in 2024, falling from $136.48 million in 2014. The previous period was $76.62 million in 2023.

What is RLJ Lodging Trust's operating income?

RLJ Lodging Trust's total operating income in 2024 was $158.16 million, based on the following breakdown:

Total Gross Profit: $1.37 billion
Total Operating Expenses: $1.21 billion

How has RLJ Lodging Trust revenue changed over the last 10 years?

Over the last 10 years, RLJ Lodging Trust's total revenue changed from $2.22 billion in 2014 to $1.37 billion in 2024, a change of -38.3%.

How much debt does RLJ Lodging Trust have?

RLJ Lodging Trust's total liabilities were at $2.59 billion at the end of 2024, a 0.7% increase from 2023, and a 47.8% increase since 2014.

How much cash does RLJ Lodging Trust have?

In the past 10 years, RLJ Lodging Trust's cash and equivalents has ranged from $134.19 million in 2015 to $899.81 million in 2020, and is currently $409.81 million as of their latest financial filing in 2024.

How has RLJ Lodging Trust's book value per share changed over the last 10 years?

Over the last 10 years, RLJ Lodging Trust's book value per share changed from 17.88 in 2014 to 12.51 in 2024, a change of -30.1%.

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This page (NYSE:RLJ) was last updated on 4/16/2025 by MarketBeat.com Staff

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RLJ Lodging Trust (RLJ) Financials

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RLJ Lodging Trust (RLJ) Financials

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