v3.26.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 382,988 $ 363,103 $ 722,965 $ 691,222
Expenses        
Operating expenses 239,072 226,120 464,066 443,173
Depreciation and amortization 47,496 46,363 94,691 92,151
Property tax, insurance and other 26,784 26,490 53,756 53,693
General and administrative 13,424 11,138 26,403 23,784
Transaction costs 692 56 724 112
Total operating expenses 327,468 310,167 639,640 612,913
Other income, net 987 1,148 1,819 2,036
Interest income 3,265 3,361 6,203 6,616
Interest expense (28,116) (27,876) (55,793) (55,428)
(Loss) gain on sale of hotel properties, net (116) (378) (3,763) 943
Loss on extinguishment of indebtedness, net (26) (34) (399) (34)
Income before equity in income (loss) from unconsolidated joint ventures 31,514 29,157 31,392 32,442
Equity in income (loss) from unconsolidated joint ventures 100 (187) 137 (6)
Income before income tax expense 31,614 28,970 31,529 32,436
Income tax expense (286) (339) (550) (633)
Net income 31,328 28,631 30,979 31,803
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in the Operating Partnership (128) (113) (94) (96)
Noncontrolling interest in consolidated joint ventures (164) (65) 10 108
Net income attributable to RLJ 31,036 28,453 30,895 31,815
Preferred dividends (6,279) (6,279) (12,557) (12,557)
Net income attributable to common shareholders $ 24,757 $ 22,174 $ 18,338 $ 19,258
Basic per common share data:        
Earnings Per Share, Basic $ 0.16 $ 0.15 $ 0.12 $ 0.12
Weighted-average number of common shares - basic (in shares) 149,883,674 149,532,971 149,605,007 150,217,440
Diluted per common share data:        
Earnings Per Share, Diluted $ 0.16 $ 0.15 $ 0.12 $ 0.12
Weighted-average number of common shares - diluted (in shares) 150,928,683 149,598,953 150,382,279 150,355,083
Comprehensive income:        
Net income $ 31,328 $ 28,631 $ 30,979 $ 31,803
Unrealized gain (loss) on interest rate derivatives 2,164 (3,379) 4,819 (8,675)
Comprehensive income 33,492 25,252 35,798 23,128
Noncontrolling interest in the Operating Partnership (128) (113) (94) (96)
Noncontrolling interest in consolidated joint ventures (164) (65) 10 108
Comprehensive income attributable to RLJ 33,200 25,074 35,714 23,140
Accumulated Other Comprehensive Income        
Comprehensive income:        
Unrealized gain (loss) on interest rate derivatives 2,164 (3,379) 4,819 (8,675)
Room Revenue        
Revenues        
Revenue 311,760 296,101 587,017 563,755
Expenses        
Operating expenses 77,931 74,565 150,663 145,416
Food and Beverage Revenue        
Revenues        
Revenue 43,735 41,934 83,452 79,447
Expenses        
Operating expenses 32,093 30,375 62,855 59,664
Other Revenue        
Revenues        
Revenue 27,493 25,068 52,496 48,020
Expenses        
Operating expenses 99,727 92,787 196,153 184,498
Management And Franchise Fee Expense        
Expenses        
Operating expenses $ 29,321 $ 28,393 $ 54,395 $ 53,595