A Business at a Glance
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RLJ Lodging Trust
RLJ
$1.9B
Mkt Cap
$12.34
+2.32%
RLJ Lodging Trust (RLJ) has a current P/E ratio of 1234.0, compared to its historical median P/E of 32.6. The stock is currently considered Expensive based on its historical valuation range.
RLJ Lodging Trust (RLJ) has a 5-year average return on invested capital (ROIC) of 1.4%. This is below average and may indicate limited pricing power.
RLJ Lodging Trust (RLJ) has a market capitalization of $1.9B. It is classified as a small-cap stock.
Yes, RLJ Lodging Trust (RLJ) pays a dividend with a trailing twelve-month yield of 4.87%. The company also returns capital through share buybacks, with a buyback yield of 1.52%.
Based on historical P/E analysis, RLJ Lodging Trust (RLJ) appears expensive. The current P/E of 1234.0 is 3686% above its historical median of 32.6. The estimated fair value CAGR (P/E method) is -25.3%.
RLJ Lodging Trust (RLJ) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
RLJ Lodging Trust (RLJ) reported annual revenue of $1.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Our Company We are a self-advised and self-administered Maryland real estate investment trust that owns primarily premium-branded, rooms-oriented, high-margin, focused-service and compact full-service hotels located within heart of demand locations. We are one of the largest U.S. publicly-traded lodging REITs in terms of both number of hotels and number of rooms. Our hotels are concentrated in markets that we believe exhibit multiple demand generators and attractive long-term growth prospects. We believe premium-branded, focused-service and compact full-service hotels with these characteristics generate high levels of RevPAR, strong operating margins and attractive returns. As of December 31, 2025, we owned 93 hotel properties with approximately 20,800 rooms, located in 23 states and the District of Columbia.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.3B | 1.4B | 1.3B | 1.2B | 786M |
| Net Income | -109K | 29M | 43M | 51M | 17M | -330M |
| EPS | $-0.00 | $0.19 | $0.27 | $0.32 | $0.10 | $-2.01 |
| Free Cash Flow | 247M | 117M | 149M | 183M | 132M | -5.3M |
| ROIC | 0.0% | 3.4% | 3.7% | 3.6% | 2.6% | -6.6% |
| Gross Margin | - | 46.1% | 48.0% | 48.9% | 50.2% | 54.5% |
| Debt/Equity | 1.02 | 1.01 | 0.97 | 0.95 | 0.92 | 1.00 |
| Dividends/Share | $0.60 | $0.60 | $0.50 | $0.36 | $0.08 | $0.04 |
| Operating Income | 0 | 142M | 156M | 151M | 111M | -223M |
| Operating Margin | 0.0% | 10.5% | 11.4% | 11.4% | 9.3% | -28.3% |
| ROE | -0.0% | 1.3% | 1.9% | 2.2% | 0.7% | -13.0% |
| Shares Outstanding | 152M | 151M | 159M | 160M | 168M | 164M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.1B | 1.1B | 1.2B | 1.4B | 1.8B | 1.6B | 473M | 786M | 1.2B | 1.3B | 1.4B | 1.3B | 1.4B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 47.6% | 47.1% | 54.5% | 50.2% | 48.9% | 48.0% | 46.1% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 42M | 38M | 32M | 40M | 49M | 45M | 41M | 48M | 56M | 59M | 55M | 48M | 48M |
| EBIT | 191M | 204M | 220M | 181M | 274M | 190M | -277M | -223M | 111M | 151M | 156M | 142M | 0 |
| Op. Margin | 17.3% | 17.9% | 19.0% | 13.4% | 15.6% | 12.1% | -58.6% | -28.3% | 9.3% | 11.4% | 11.4% | 10.5% | 0.0% |
| Net Income | 135M | 218M | 200M | 66M | 164M | 103M | -430M | -330M | 17M | 51M | 43M | 29M | -109K |
| Net Margin | 12.2% | 19.2% | 17.3% | 4.9% | 9.3% | 6.6% | -90.8% | -42.0% | 1.4% | 3.9% | 3.1% | 2.1% | -0.0% |
| Non-Recurring | 9.2M | 29M | 46M | 9.0M | 31M | 4.2M | 2.7M | 142M | 1.0M | -34K | 8.3M | -1.5M | -1.5M |
| Returns on Capital | |||||||||||||
| ROIC | 4.8% | 4.3% | 5.2% | 2.4% | 4.5% | 3.9% | -8.1% | -6.6% | 2.6% | 3.6% | 3.7% | 3.4% | 0.0% |
| ROE | 6.0% | 9.6% | 9.1% | 2.3% | 4.7% | 3.1% | -14.6% | -13.0% | 0.7% | 2.2% | 1.9% | 1.3% | -0.0% |
| ROA | 3.5% | 5.4% | 5.0% | 1.2% | 2.6% | 1.7% | -7.5% | -6.1% | 0.3% | 1.0% | 0.9% | 0.6% | -0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 299M | 329M | 331M | 261M | 395M | 397M | -169M | 43M | 257M | 315M | 285M | 244M | 254M |
| Free Cash Flow | 299M | 328M | 331M | 260M | 395M | 240M | -242M | -5.3M | 132M | 183M | 149M | 117M | 247M |
| Owner Earnings | 139M | 160M | 163M | 63M | 141M | 174M | -375M | -162M | 50M | 112M | 85M | 42M | 51M |
| CapEx | 47K | 659K | 283K | 219K | 279K | 157M | 73M | 48M | 124M | 132M | 136M | 126M | 7.0M |
| Maint. CapEx | 144M | 156M | 163M | 187M | 242M | 212M | 194M | 188M | 185M | 179M | 179M | 186M | 188M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 144M | 156M | 163M | 187M | 242M | 212M | 194M | 188M | 185M | 179M | 179M | 186M | 188M |
| CapEx/OCF | 0.0% | 0.2% | 0.1% | 0.1% | 50.0% | 39.6% | N/A | 112.3% | 48.4% | 42.0% | 47.8% | 51.8% | 2.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 125M | 170M | 164M | 170M | 231M | 228M | 61M | 6.7M | 13M | 49M | 70M | 91M | 91M |
| Dividend Yield | 5.7% | 7.2% | 9.4% | 7.9% | 8.4% | 9.4% | 4.1% | 0.3% | 0.7% | 3.4% | 4.8% | 8.1% | 4.9% |
| Share Buybacks | 0 | 225M | 13M | 2.6M | 22M | 78M | 63M | 0 | 58M | 76M | 22M | 29M | 29M |
| Buyback Yield | N/A | 12.3% | 0.7% | 0.1% | 1.0% | 3.0% | 3.1% | N/A | 3.9% | 4.5% | 1.5% | 2.5% | 1.5% |
| Stock-Based Comp | 15M | 13M | 6.0M | 11M | 12M | 11M | 12M | 17M | 22M | 24M | 21M | 15M | 15M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 2.3B | 2.6B | 1.1B | 2.9B | 1.9B | 1.3B | 1.7B | 1.7B | 1.7B | 1.7B | 1.8B | 1.8B | 1.8B |
| Cash & Equiv. | 262M | 134M | 457M | 586M | 320M | 882M | 900M | 665M | 481M | 517M | 410M | 410M | 353M |
| Long-Term Debt | 1.6B | 1.6B | 1.6B | 2.9B | 2.2B | 2.2B | 2.6B | 2.4B | 2.2B | 2.2B | 2.2B | 2.2B | 2.2B |
| Debt/Equity | 1.09 | 1.26 | 0.71 | 0.99 | 0.64 | 0.69 | 0.97 | 1.00 | 0.92 | 0.95 | 0.97 | 1.01 | 1.02 |
| Interest Coverage | 3.4 | 3.7 | 3.7 | 2.3 | 2.7 | 2.1 | -2.8 | -2.1 | 1.2 | 1.5 | 1.4 | 1.3 | 1.3 |
| Equity | 2.4B | 2.2B | 2.2B | 3.5B | 3.4B | 3.2B | 2.7B | 2.4B | 2.4B | 2.3B | 2.3B | 2.2B | 2.1B |
| Total Assets | 4.1B | 4.0B | 4.0B | 6.8B | 6.0B | 5.9B | 5.6B | 5.1B | 5.0B | 4.9B | 4.9B | 4.7B | 4.7B |
| Total Liabilities | 1.7B | 1.8B | 1.8B | 3.2B | 2.5B | 2.6B | 2.9B | 2.7B | 2.5B | 2.6B | 2.6B | 2.6B | 2.5B |
| Intangibles | N/A | N/A | 898K | 133M | 52M | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -46M | 2.4M | 38M | -83M | -150M | -275M | -710M | -1.0B | -1.0B | -1.1B | -1.1B | -1.2B | -1.2B |
| Working Capital | -66M | -74M | -70M | -153M | -139M | -139M | -137M | -107M | -101M | -109M | -131M | -110M | -105M |
| Current Assets | 63M | 55M | 67M | 73M | 65M | 45M | 35M | 49M | 55M | 39M | 24M | 32M | 32M |
| Current Liabilities | N/A | N/A | 137M | 226M | 204M | 183M | 172M | 155M | 156M | 148M | 155M | 142M | 137M |
| Per Share Data | |||||||||||||
| EPS | 1.05 | 1.68 | 1.61 | 0.47 | 0.93 | 0.59 | -2.61 | -2.01 | 0.10 | 0.32 | 0.27 | 0.19 | -0.00 |
| Owner EPS | 1.08 | 1.23 | 1.31 | 0.45 | 0.80 | 1.00 | -2.28 | -0.99 | 0.30 | 0.70 | 0.54 | 0.28 | 0.34 |
| Book Value | 18.30 | 16.80 | 17.86 | 24.77 | 19.51 | 18.39 | 16.20 | 14.59 | 14.36 | 14.58 | 14.38 | 14.36 | 14.11 |
| Cash Flow/Share | 2.32 | 2.53 | 2.66 | 1.84 | 2.25 | 2.28 | -1.03 | 0.26 | 1.53 | 1.97 | 1.80 | 1.61 | 1.23 |
| Dividends/Share | 0.97 | 1.32 | 1.32 | 1.32 | 1.32 | 1.32 | 0.37 | 0.04 | 0.08 | 0.36 | 0.50 | 0.60 | 0.60 |
| Shares Out. | 129.0M | 129.9M | 124.4M | 141.4M | 175.8M | 174.1M | 164.6M | 164.3M | 168.1M | 160.3M | 158.9M | 151.1M | 152.0M |
| Valuation | |||||||||||||
| P/E Ratio | 19.6 | 8.4 | 10.1 | 34.4 | 13.6 | 25.2 | N/A | N/A | 87.0 | 32.6 | 34.2 | 752.1 | N/A |
| P/FCF | 8.9 | 5.6 | 6.1 | 8.8 | 5.7 | 10.8 | N/A | N/A | 11.1 | 9.1 | 9.9 | 9.7 | 7.6 |
| EV/EBIT | 16.5 | 13.4 | 10.4 | 21.4 | 13.8 | 15.8 | N/A | N/A | 286.1 | 655.2 | 537.0 | 724.6 | N/A |
| Price/Book | 1.1 | 0.8 | 0.9 | 0.7 | 0.7 | 0.8 | 0.7 | 0.8 | 0.6 | 0.7 | 0.6 | 0.5 | 0.9 |
| Price/Sales | 2.0 | 2.1 | 1.5 | 1.6 | 1.6 | 1.6 | 3.1 | 2.6 | 1.5 | 1.1 | 1.1 | 0.8 | 1.4 |
| FCF Yield | 11.2% | 17.9% | 16.3% | 11.4% | 17.7% | 9.3% | -12.1% | -0.3% | 9.0% | 10.9% | 10.1% | 10.3% | 13.2% |
| Market Cap | 2.7B | 1.8B | 2.0B | 2.3B | 2.2B | 2.6B | 2.0B | 1.9B | 1.5B | 1.7B | 1.5B | 1.1B | 1.9B |
| Avg. Price | 16.89 | 18.10 | 14.12 | 15.16 | 15.66 | 13.97 | 8.97 | 12.35 | 10.62 | 9.01 | 9.21 | 7.46 | 12.34 |
| Year-End Price | 20.62 | 14.15 | 16.32 | 16.19 | 12.68 | 14.84 | 12.12 | 11.72 | 8.70 | 10.43 | 9.24 | 7.52 | 12.34 |
RLJ Lodging Trust passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 16.0x vs a median of 9.4x. The company's 5-year average ROIC is 1.4% with a gross margin of 49.5%. Total shareholder yield (dividends + buybacks) is 6.4%. At current prices, the estimated annualized return to fair value is -1.7%.
RLJ Lodging Trust (RLJ) has a net profit margin of 2.1%. This is a modest margin.
RLJ Lodging Trust (RLJ) generated $117 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
RLJ Lodging Trust (RLJ) has a debt-to-equity ratio of 1.01. This indicates moderate leverage.
RLJ Lodging Trust (RLJ) reported earnings per share (EPS) of $0.19 in its most recent fiscal year.
RLJ Lodging Trust (RLJ) has a return on equity (ROE) of 1.3%. This indicates moderate shareholder returns.
RLJ Lodging Trust (RLJ) has a 5-year average gross margin of 49.5%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for RLJ Lodging Trust (RLJ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
RLJ Lodging Trust (RLJ) has a book value per share of $14.36, based on its most recent annual SEC filing.