RLJ Lodging Trust SEC 10-Q Report

RLJ Lodging Trust, a prominent real estate investment trust specializing in premium-branded, focused-service, and compact full-service hotels, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial and operational performance, highlighting key metrics and strategic initiatives.

Financial Highlights

Total Revenues: $330.0 million, a decrease of $15.7 million compared to the same period in 2024. This decline is primarily due to a reduction in room revenue and food and beverage revenue.

Net (Loss) Income: $(3.8) million, a significant decrease of $24.4 million from the net income of $20.6 million reported in the same period in 2024. The decrease is attributed to lower revenues and increased expenses.

Net (Loss) Income Per Share - Basic: $(0.07), compared to $0.09 in the same period in 2024, reflecting the decrease in net income.

Net (Loss) Income Per Share - Diluted: $(0.07), consistent with the basic earnings per share, compared to $0.09 in the same period in 2024.

Business Highlights

Revenue Segments: The company reported significant revenue contributions from various geographic markets. Southern California and Northern California each generated $128.7 million, while South Florida contributed $112.6 million in revenue for the nine months ended September 30, 2025.

Geographical Performance: There was a noticeable decrease in room revenue across several key markets, including Southern California and Northern California. This decline was attributed to reduced leisure, government, corporate, and group travel.

Sales Units: RLJ Lodging Trust sold one hotel property, the Courtyard Atlanta Buckhead, for $24.3 million during the nine months ended September 30, 2025.

Operational Efficiency: The company maintained high operating margins through its portfolio of premium-branded, focused-service, and compact full-service hotels, which primarily generate revenue from room rentals.

Future Outlook: RLJ Lodging Trust remains committed to enhancing the quality of its hotel portfolio, recycling capital, and maintaining a prudent capital structure. The company plans to continue focusing on high-growth urban markets with multiple demand generators and attractive long-term growth prospects.

SEC Filing: RLJ Lodging Trust [ RLJ ] - 10-Q - Nov. 06, 2025