RLJ Lodging Trust ( (RLJ) ) has released its Q4 earnings. Here is a breakdown of the information RLJ Lodging Trust presented to its investors.
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns a portfolio of 95 premium-branded, urban-centric hotels across major markets, catering to business, leisure, and other travelers.
In its latest earnings report, RLJ Lodging Trust announced a modest increase in revenue and RevPAR for the fourth quarter of 2024, alongside strategic acquisitions and share repurchases. The company continues to focus on enhancing its portfolio through conversions and acquisitions while maintaining a strong liquidity position.
Key financial metrics for the fourth quarter included a 2.2% increase in RevPAR to $137.53 and a 3.2% rise in total revenues to $330 million. Adjusted EBITDA grew by 2.4% to $81.1 million. Throughout 2024, RLJ Lodging Trust repurchased 2.3 million shares for $22 million, reflecting its commitment to returning capital to shareholders. The company also completed strategic acquisitions, including Hotel Teatro in Denver and the land under Wyndham Boston Beacon Hill.
Despite a net loss of $0.9 million for the fourth quarter, RLJ Lodging Trust ended the year with $0.9 billion in liquidity, positioning it well for future growth. The company successfully executed several strategic initiatives, including hotel conversions and acquisitions, which are expected to drive future performance.
Looking ahead, RLJ Lodging Trust remains optimistic about 2025, with expectations of continued demand growth and a favorable market environment. The company aims to build on its momentum by unlocking embedded value and enhancing shareholder returns.