More than a year ago, I recommended buying the preferred stock of RLJ Lodging Trust (NYSE: RLJ.PR.A ), which was offering an 8.1% yield back then. I recommended buying this stock for its exceptionally attractive yield and the safety of its I am a chemical engineer with a MS in Food Technology and Economics, and a MENSA member. I am the author of the book "Investing in Stocks and Bonds: The Early Retirement Project" (2024):I am also the author of the book "Mental Math: How to perform math calculations in you ...

Davel5957/E+ via Getty Images Introduction RLJ Lodging Trust (NYSE:RLJ) has substantially underperformed the Vanguard Real Estate Index Fund ETF Shares (VNQ) so far in 2024, delivering an almost 19% loss against the ~10% total return for the benchmark ETF: s -201 sin RLJ vs VNQ in 2024 (Seeking Alpha) I also covered the shares back in March 2024 arguing they were undervalued in light of the company's robust operating performance and the levered capital structure which will benefit from Fed rate cuts. After ...

RLJ Lodging Trust (NYSE:RLJ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Nikhil Bhalla – Senior Vice President-Finance and Treasurer Leslie Hale – President and Chief Executive Officer Sean Mahoney – Executive Vice President and Chief Financial Officer Tom Bardenett – Chief Operating Officer Conference Call Participants Michael Bellisario – Baird Gregory Miller – Truist Securities Tyler Batory – Oppenheimer & Company Dori Kesten – Wells Fargo Floris van Dijkum – Compass ...

Core Viewpoint - RLJ Lodging reported a revenue of $369.3 million for the quarter ended June 2024, marking a year-over-year increase of 3.5% and an EPS of $0.51, up from $0.22 a year ago, exceeding both revenue and EPS estimates [1] Revenue Performance - Room revenue was $303.65 million, slightly above the estimated $302.64 million, reflecting a year-over-year increase of 2.8% [3] - Other revenue reached $24.80 million, surpassing the estimated $24.04 million, with a year-over-year change of 6.3% [4] - Food and beverage revenue totaled $40.84 million, exceeding the average estimate of $39.87 million, representing a year-over-year increase of 7.1% [5] Earnings Performance - Net Earnings Per Share (Diluted) was reported at $0.20, compared to the average estimate of $0.14 [6] Stock Performance - RLJ Lodging shares returned +0.8% over the past month, while the Zacks S&P 500 composite increased by +1.1% [6]

RLJ Lodging (RLJ) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to FFO of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 6.25%. A quarter ago, it was expected that this hotel real estate investment trust would post FFO of $0.32 per share when it actually produced FFO of $0.33, delivering a surprise of 3.13%. Over the last four q ...

Pick #1: USB Preferreds — Yields Of Up To 7.2% 24% 33% 43% Consumer & Business Banking (CBB) USB's CRE (Commercial Real Estate) exposure is rather limited. It represents 14% of its loan portfolio, and office properties constitute less than 2% of all loans. USB has a strong track record of consistently maintaining charge-offs below industry peers through a tough economic climate. Net Charge-Off Rates 3.5% n ៣២४ 20% ICO I U.S. Bancorp Average 0,75% to 1,000 ICO Rate for Top 100 Banks NCO Rate for U.S. B · Fix ...

jewhyte/iStock via Getty Images Introduction I like the so-called 'busted' preferred shares, as the issuer can't easily call the securities. In RLJ Lodging Trust's (NYSE:RLJ) case, the preferred shares can only be called when the stock is trading at close to $90/share, and given the current share price of just under $10, I don't expect that to happen anytime soon. I have a long position in RLJ's preferred shares, which are trading with (NYSE:RLJ.PR.A) as ticker symbol, and I continue to add to this position ...

Financial Performance - Total revenues for Q1 2024 were $324,410,000, an increase of 3% compared to $314,503,000 in Q1 2023[13] - Net income for Q1 2024 was $4,746,000, a decrease of 55.1% from $10,514,000 in Q1 2023[13] - The company reported a net loss attributable to common shareholders of $1,342,000 for Q1 2024, compared to a net income of $4,366,000 in Q1 2023[13] - For the three months ended March 31, 2024, net income was $4.746 million, a decrease of 54.9% compared to $10.514 million for the same period in 2023[25] - The company reported comprehensive income of $7,028,000 for Q1 2024, compared to $4,098,000 in Q1 2023[15] - Basic net (loss) income per share attributable to common shareholders for the three months ended March 31, 2024, was $(0.01), compared to $0.03 in 2023[91] Revenue Breakdown - Room revenue increased to $266,630,000 in Q1 2024, up from $260,832,000 in Q1 2023, reflecting a growth of 0.3%[13] - The Company’s total revenue for the three months ended March 31, 2024, included room revenue of $40,349,000, which was an increase from $38,540,000 in the same period of 2023[42] - Food and beverage revenue increased by $2.4 million to $35.7 million, driven by higher banquet and catering revenues[119] - Other revenue grew by $1.7 million to $22.1 million, mainly due to increased parking and resort fees[120] Expenses and Liabilities - Total property operating expenses rose by $12.5 million to $213.5 million, attributed to higher wages, benefits, and sales and marketing expenses[121] - Property tax, insurance, and other expenses increased by $3.2 million to $27.8 million, primarily due to rising property taxes and insurance premiums[123] - General and administrative expenses increased by $1.4 million to $15.1 million for Q1 2024 from $13.7 million in Q1 2023, driven by higher non-cash compensation and new executive cash compensation[124] - Interest expense increased by $2.3 million to $26.5 million for Q1 2024, due to higher rates on unhedged variable rate debt[127] Cash Flow and Investments - Cash flow provided by operating activities was $20.767 million, down 50.6% from $42.018 million in the prior year[25] - Net cash flow used in investing activities was $158.0 million for Q1 2024, primarily due to a $122.7 million acquisition of a hotel property[141] - The company acquired hotel properties for a total of $122.679 million during the quarter[25] - Total investment in hotel properties as of March 31, 2024, was $6.072 billion, an increase from $5.914 billion at the end of 2023[40] Assets and Equity - Total assets decreased to $4,889,857,000 as of March 31, 2024, from $4,919,295,000 as of December 31, 2023[11] - Shareholders' equity decreased to $2,323,901,000 as of March 31, 2024, down from $2,336,862,000 at the end of 2023[11] - Cash and cash equivalents decreased to $350,237,000 from $516,675,000, a decline of 32.2%[11] Debt and Financing - The Company’s total debt as of March 31, 2024, was $2,221,833,000, a marginal increase from $2,220,778,000 as of December 31, 2023[43] - The Company maintained compliance with all financial covenants related to its Senior Notes, including an Unencumbered Asset to Unencumbered Debt Ratio greater than 150%[46] - The Company has a $600 million revolving credit facility with a maturity date of May 10, 2027, and the ability to extend the maturity under certain conditions[48] - The interest rate on the $400 million term loan maturing in 2025 was 4.48% as of March 31, 2024[47] Shareholder Activities - The Company declared a cash dividend of $0.10 per common share for the three months ended March 31, 2024, up from $0.08 in 2023[72] - The Company repurchased approximately 0.1 million common shares for about $1.3 million during the three months ended March 31, 2024, with a remaining capacity of $212.7 million in its share repurchase program[72][73] - A new share repurchase program was approved to acquire up to $250.0 million of common and preferred shares from May 9, 2024, to May 8, 2025[73][94] Operational Metrics - Occupancy rate improved to 69.3% for the three months ended March 31, 2024, up from 68.5% in the same period of 2023[118] - Average Daily Rate (ADR) was $198.84, slightly down from $199.07 in the prior year[118] - Revenue per Available Room (RevPAR) increased to $137.88, compared to $136.45 in the same period last year[118] Miscellaneous - The company had no accruals for tax uncertainties as of March 31, 2024, and December 31, 2023[65] - There are no material litigations currently against the company, aside from routine litigation[156] - The company has not experienced any material changes in internal control over financial reporting as of March 31, 2024[155]

RLJ Lodging Trust (NYSE:RLJ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Nikhil Bhalla - Senior Vice President, Finance & Treasurer Leslie Hale - President & Chief Executive Officer Sean Mahoney - Executive Vice President & Chief Financial Officer Tom Bardenett - Chief Operating Officer Conference Call Participants Michael Bellisario - Baird Tyler Batory - Oppenheimer & Company Josh Friedland - KeyBanc Capital Markets Dori Kesten - Wells Fargo Anthony Powell - Barclays Greg ...

Highlights "Our first quarter RevPAR growth came in line with our expectations given the holiday shift and we once again exceeded the industry while gaining market share." commented Leslie D. Hale, President and Chief Executive Officer. "Our outperformance relative to the industry continues to underscore the strong positioning of our urban-centric portfolio which is benefiting from steady improvement in business transient demand and increasing international travel, in addition to solid group and healthy urb ...