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RLJ Lodging Trust

RLJ Real Estate Reit Hotel & Motel

RLJ Lodging Trust’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 1.43% from fiscal 2024.

Revenue
+7.40%
EPS
+85.7%
Free cash flow
+106.4%
Total debt
−1.16%

Quarter to September 2026, against a year earlier

12.48 0.07 +0.56%
Market cap
$1.9B
P/E
208×
Fwd P/E
631×
Dividend yield
4.81%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 11.48%

Capital & Financial Ratios $m

Size
Market Cap 1,900.00
Revenue ttm 1,406.03
Net income ttm 36.10
Free cash flow ttm 272.64
Net debt Q 1,703.27
Valuation
P/E 208.00 (above 35: high)
Forward P/E 631.00 (above 35: high)
Price / sales 1.33
Forward P/S Powerpack
Price / FCF 7.89
Price / book 1.05
Financial health
Current ratio Q 0.00
Debt / equity Q 1.02
Interest coverage Q 1.01
Growth
Revenue growth Q +7.40% (above 0%: growing)
Operating income growth Q +43.18% (above 0%: growing)
EPS, this year +212.77% (at or above 15%: strong)
EPS, next year A +37.16% (at or above 15%: strong)
Revenue, next year A +3.79%
EPS, past 5 yrs —
EPS, next 5 yrs A −12.04% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.5×, against a ten-year median of 2.9×; over the ten years it ranged from 1.9× in 2020 to 13.2× in 2021.
P/E against its own 10 years 96.60%
10-year low 10-year high
P/S against its own 10 years 32.15%
10-year low 10-year high
P/B against its own 10 years 64.92%
10-year low 10-year high
EV/Sales against its own 10 years 29.62%
10-year low 10-year high
EV/FCF against its own 10 years 49.34%
10-year low 10-year high

Dividends raised 4 years running

Yield
4.81%
Annual rate
0.60
Payout ratio
1,000.0%
Growth, 2017–25
−9.39%/yr
  1. 1.32 ’17
  2. 1.32 ’18 +0
  3. 1.32 ’19 +0
  4. 0.04 ’20 −97
  5. 0.04 ’21 +0
  6. 0.12 ’22 +200
  7. 0.36 ’23 +200
  8. 0.50 ’24 +39
  9. 0.60 ’25 +20
  10. 0.60 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 563 441 449 493
Receivables 26 25 30 32
Inventory — — — —
Other — — — —
589 466 479 —
2023 2024 2025 Q'26
Payables 148 155 142 169
ST’ Debt — — — —
Other — — — —
170 176 162 174

Compound Annual Growth %

10y 5y 3y
Sales 1.74% 23.33% 4.18%
Cash Flow (2.95%) 0.00% (1.68%)
Earnings (34.06%) 0.00% (41.33%)
Book Value (0.08%) (4.08%) (3.50%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.32 Actual 0.34

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.28 0.32 Beat by 0.04
Q1 FY26 0.27 0.33 Beat by 0.06
Q2 FY26 0.49 0.52 Beat by 0.03
Q3 FY26 0.32 0.34 Beat by 0.02
Q4 FY26 0.30 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.05) 0.16 (0.01) — —
’25 (0.02) 0.15 (0.07) (0.04) 0.01
’24 (0.01) 0.20 0.09 (0.01) 0.27
’23 0.03 0.22 0.06 0.01 0.32
’22 (0.13) 0.16 0.07 0.00 0.10
’21 (0.51) (0.35) (0.94) (0.21) (2.01)
’20 (0.21) (0.74) (1.10) (0.57) (2.61)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 340 383 354 — —
’25 328 363 330 329 1,350
’24 324 369 346 330 1,369
’23 315 357 334 320 1,326
’22 243 331 318 302 1,194
’21 120 194 234 238 786
’20 265 33 84 91 473
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 26 115 69 — —
’25 16 101 63 63 244
’24 21 114 80 71 285
’23 42 95 89 89 315
’22 10 106 87 53 257
’21 (29) 5 44 23 43
’20 30 (84) (32) (82) (169)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) 107 69 — —
’25 (6) 66 33 94 186
’24 (13) 83 57 42 168
’23 9 62 53 59 183
’22 20 93 52 15 180
’21 (35) 2 53 173 193
’20 (1) (98) (45) (93) (237)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,160 1,356 1,761 1,566 473 786 1,194 1,326 1,369 1,350 1,406 +1.7% 1,401 1,432 1,455 +2.5%
Gross margin, % 63.24 62.60 62.52 62.71 61.88 65.32 37.64 62.72 62.44 61.78 0.00 (1.5) pt
EBT 210 118 200 126 (357) (310) 44 78 70 30 37 (19.5%)
EBT margin, % 18.06 8.69 11.34 8.02 (75.43) (39.44) 3.66 5.87 5.10 2.20 2.64 (15.9) pt
Net income 201 76 191 129 (409) (311) 42 77 68 29 36 (19.5%)
Per share, $
Per share, $ Revenue 9.38 9.65 10.11 9.14 2.88 4.79 7.37 8.50 8.96 9.02 9.38 (0.4%)
Earnings 1.61 0.47 0.93 0.59 (2.61) (2.01) 0.10 0.32 0.27 0.01 0.06 (43.1%)
Cash flow 2.68 1.85 2.27 2.32 (1.03) 0.26 1.58 2.02 1.87 1.63 1.82 (5.4%)
Capex 1.50 0.55 1.59 3.09 (0.41) 0.92 (0.47) (0.85) (0.77) (0.38) 0.00 n/m
Free cash flow 4.18 2.40 3.86 5.41 (1.44) 1.18 1.11 1.17 1.10 1.25 1.82 (12.6%)
Book value 18.08 25.39 20.07 18.84 16.34 14.72 15.00 15.08 15.04 14.58 14.35 (2.4%)
Shares, m 124 141 174 171 165 164 162 156 153 150 150 +2.1%
Valuation, ×
Valuation, × P/E 15.24 43.04 17.45 29.53 0.00 0.00 104.50 36.69 37.81 372.50 208.00 65.7
P/S 2.62 2.32 1.62 1.94 4.92 2.91 1.42 1.38 1.14 0.83 1.33 2.1
P/B 1.36 1.00 0.93 1.06 1.00 1.12 0.82 0.92 0.81 0.61 1.05 1.0
EV/Sales 3.53 3.94 2.64 2.74 8.40 5.06 2.82 2.63 2.44 2.12 2.54 3.6
EV/FCF 7.93 15.83 6.92 4.63 (16.78) 20.55 18.67 19.09 19.83 15.36 15.08 11.2
Cash, $m
Cash, $m Operating cash flow 331 261 395 397 (169) 43 257 315 285 244 273 (3.4%)
Capex 185 77 277 529 (68) 150 (76) (132) (117) (57) (36) n/m
Free cash flow 516 338 672 926 (237) 193 180 183 168 186 273 (10.7%)
Balance, $m
Balance, $m Working capital 409 500 247 796 776 577 405 419 291 317 (174) (2.8%)
Net debt 1,059 2,198 1,796 1,253 1,646 1,689 1,674 1,658 1,779 1,748 1,703 +5.7%
Shareholders’ equity 2,235 3,570 3,497 3,226 2,687 2,414 2,429 2,351 2,298 2,183 2,152 (0.3%)
Returns, %
Returns, % ROA 5.01 1.23 2.56 1.73 (7.49) (6.14) 0.33 1.04 0.88 0.07 0.23 (4.9) pt
ROIC 4.18 1.96 3.02 3.04 (3.71) (2.97) 1.85 2.38 2.30 2.01 2.28 (2.2) pt
ROE 9.03 2.46 5.24 3.46 (16.59) (15.12) 0.82 2.54 2.19 0.18 0.59 (8.9) pt
People
People Employees 58 99 84 87 77 76 76 79 73 75 — +2.9%
Revenue/emp, $m 20.00 13.70 20.97 18.00 6.14 10.34 15.71 16.78 18.76 18.00 — (1.2%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

RLJ Lodging Trust vs peers in Reit Hotel & Motel (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
APLE Apple Hospitality REIT, Inc. $4.3B 23.9× 25.7× +6.54% (above 0%: growing) +23.81% (above 0%: growing) +8.67% (above 0%: growing) 0.00% 20.64% Compare
PK Park Hotels & Resorts Inc. $3.1B — (loss-making) 38.7× −1.31% (below 0%: shrinking) n/m +119.35% (above 0%: growing) 64.12% 6.31% Compare
DRH DiamondRock Hospitality Company $2.9B 17.7× 18.2× +4.28% (above 0%: growing) +62.80% (above 0%: growing) −2.06% (below 0%: shrinking) 38.14% 17.18% Compare
PEB Pebblebrook Hotel Trust $2.3B — (loss-making) — (loss-making) +1.01% (above 0%: growing) n/m +22.68% (above 0%: growing) 28.27% (6.86%) Compare
SHO Sunstone Hotel Investors, Inc. $2.3B 27.7× 46.6× +1.92% (above 0%: growing) n/m +36.23% (above 0%: growing) 0.00% 7.62% Compare
XHR Xenia Hotels & Resorts, Inc. $2.0B 552× — (loss-making) +11.60% (above 0%: growing) n/m +45.88% (above 0%: growing) 58.12% 6.17% Compare
RLJ RLJ Lodging Trust $1.9B 208× 631× +7.40% (above 0%: growing) n/m +106.37% (above 0%: growing) 0.00% 8.53%
INN Summit Hotel Properties, Inc. $834.4M — (loss-making) — (loss-making) +4.85% (above 0%: growing) n/m +99.38% (above 0%: growing) 32.54% 8.80% Compare
SVC Service Properties Trust $712.3M — (loss-making) — (loss-making) −16.55% (below 0%: shrinking) n/m −72.13% (below 0%: shrinking) 35.98% (0.08%) Compare
Median of peers $2.3B 25.8× 32.2× +3.10% — +29.46% 34.26% 6.97%

All 15 Reit Hotel & Motel stocks →

Pay and ownership Proxy statement filed 23 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 9.46m 4.31m 62.88
2024 9.36m 5.86m 63.80
2023 9.13m 9.36m 69.69
2022 8.35m 1.31m 60.86
2021 16.30m 12.58m 79.15

Ownership

Directors and executive officers, together 3.70%
The Vanguard Group – 13.20%
BlackRock, Inc. 10.30%
RM Trading of Florida LLC 9.10%
Donald Smith & Co., Inc. 8.60%
H/2 Credit Manager LP 6.30%
He Zhengxu 5.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

RLJ Lodging Trust (RLJ) Latest News

5 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby

4 Nov

Impact 3 · · Business Wire

25 Oct

Impact 3 · · The Real Deal

22 Oct

Impact 4 · · Simply Wall St.

19 Oct

Impact 3 · · Investing.com

23 Sep

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20 Aug

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13 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat

7 Aug

Impact 3 · transcript
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6 Aug

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5 May

Impact 4 · · Simply Wall St.

4 May

Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · Moby
Impact 3 · · MarketBeat
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1 Mar

Impact 4 · · Simply Wall St.

28 Feb

Impact 4 · · MarketBeat

27 Feb

Impact 3 · · GuruFocus.com
Impact 3 · · Moby

26 Feb

Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Associated Press Finance

24 Feb

Impact 4 · · Simply Wall St.
stockrow.com/RLJ · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com