← RLJ Lodging Trust
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.2b | $1.4b | $1.8b | $1.6b | $473.1m | $785.7m | $1.2b | $1.3b | $1.4b | $1.3b | |
| Operating Expenses | $939.6m | $1.2b | $1.5b | $1.3b | $730.2m | $980.6m | $1.1b | $1.2b | $1.2b | $1.2b | |
| Total property operating expenses | — | — | — | $957.2m | $391.6m | $511.5m | $744.4m | $834.7m | $877.9m | $887.5m | |
| Total operating expenses | $939.6m | $1.2b | $1.5b | $1.3b | $730.2m | $980.6m | $1.1b | $1.2b | $1.2b | $1.2b | |
| Operating Income (Loss) | $220.4m | $181.1m | — | — | — | — | — | — | — | — | |
| Additional Financial Items | |||||||||||
| Income (Loss) from Equity Method Investments | $0 | $133k | $636k | ($1.7m) | ($8.5m) | ($477k) | $457k | $419k | $459k | ($100k) | |
| Amortization of Intangible Assets | — | $5.7m | $10.2m | $1.1m | — | — | — | — | — | — | |
| Gain (Loss) on Investments | — | $2.7m | $0 | $0 | — | — | — | — | — | — | |
| Preferred Stock Dividends and Other Adjustments | — | $496k | $1.5m | $186k | $0 | — | — | — | — | — | |
| Preferred Stock Dividends, Income Statement Impact | — | $8 | $25 | $25 | $25 | $25 | $25 | $25 | $25 | $25 | |
| Depreciation and amortization | $162.5m | $187.0m | $241.6m | $211.6m | $194.2m | $187.8m | $184.9m | $179.1m | $179.4m | $186.4m | |
| Property tax, insurance and other | $77.3m | $91.4m | $135.1m | $119.3m | $103.5m | $88.9m | $87.0m | $100.2m | $107.0m | $101.3m | |
| General and administrative | $31.5m | $40.5m | $49.2m | $45.3m | $41.1m | $47.5m | $56.3m | $59.0m | $54.8m | $47.6m | |
| Other income, net | $303k | $269k | $2.8m | $1.2m | $1.9m | ($7.6m) | $9.5m | $4.4m | $5.3m | $3.5m | |
| Interest income | $1.7m | $3.0m | $4.9m | $8.7m | $4.2m | $996k | $4.6m | $19.7m | $17.3m | $13.6m | |
| (Loss) gain on sale of hotel properties, net | $45.9m | $9.0m | $30.9m | ($9.3m) | $2.7m | ($2.4m) | $1.0m | ($34k) | $8.3m | ($1.5m) | |
| Loss on extinguishment of indebtedness, net | $0 | $0 | $6.0m | ($214k) | $0 | $893k | ($39k) | ($169k) | ($129k) | ($47k) | |
| Income before equity in (loss) income from unconsolidated joint ventures | $163.6m | $108.7m | $199.0m | $127.3m | ($348.4m) | ($309.4m) | $43.3m | $77.5m | $69.3m | $29.8m | |
| Equity in (loss) income from unconsolidated joint ventures | $0 | $133k | $636k | ($1.7m) | ($8.5m) | ($477k) | $457k | $419k | $459k | ($100k) | |
| Noncontrolling interest in consolidated joint ventures | $55k | $117k | $17k | $289k | $2.3m | $4.4m | ($210k) | $35k | $45k | ($30k) | |
| Noncontrolling interest in the Operating Partnership | ($907k) | $291k | $719k | ($487k) | $2.0m | $1.5m | ($80k) | ($247k) | ($215k) | ($15k) | |
| Preferred dividends | $0 | ($8.4m) | ($25.1m) | ($25.1m) | ($25.1m) | ($25.1m) | ($25.1m) | ($25.1m) | ($25.1m) | ($25.1m) | |
| Weighted-average number of common shares (in shares) | $123.9m | $140.7m | $174.3m | $171.4m | $164.5m | $164.0m | $162.3m | $156.6m | $153.5m | $149.9m | |
| Unrealized loss on interest rate derivatives | — | — | — | ($33.5m) | ($49.5m) | $41.3m | $63.6m | ($17.9m) | ($8.9m) | ($11.9m) | |
| Comprehensive income | $213.0m | $89.5m | $198.2m | $93.7m | ($458.3m) | ($259.2m) | $99.9m | $58.7m | $59.3m | $16.7m | |
| Comprehensive income attributable to RLJ | $212.1m | $88.6m | $196.0m | $93.3m | ($454.0m) | ($253.2m) | $99.6m | $58.5m | $59.1m | $16.6m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $209.5m | $117.9m | $199.7m | $125.6m | ($356.8m) | ($309.9m) | $43.7m | $77.9m | $69.8m | $29.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $154.6m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $155.4m | $66.8m | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | $201.3m | $74.8m | $188.6m | $127.8m | ($404.4m) | ($305.2m) | $41.9m | $76.4m | $68.0m | $28.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $200.4m | $66.5m | $163.5m | $102.7m | ($429.6m) | ($330.3m) | $16.8m | $51.3m | $42.9m | $3.4m | |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable | $907k | — | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $1.61 | $0.47 | $0.93 | $0.59 | ($2.61) | ($2.01) | $0.10 | $0.32 | $0.27 | $0.01 | |
| Earnings Per Share, Diluted | $1.61 | $0.47 | $0.93 | $0.59 | ($2.61) | ($2.01) | $0.10 | $0.32 | $0.27 | $0.01 | |
| Common Stock, Dividends, Per Share, Declared | $1.61 | $1.32 | $1.32 | $1.32 | $0.04 | $0.04 | $0.12 | $0.36 | $0.50 | $0.60 | |
| Weighted Average Number of Shares Outstanding, Basic | 123.7m | 140.6m | 174.2m | 171.3m | 164.5m | 164.0m | 161.9m | 155.9m | 152.9m | 149.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 123.9m | 140.7m | 174.3m | 171.4m | 164.5m | 164.0m | 162.3m | 156.6m | 153.5m | 149.9m | |
| General and Administrative Expense | $31.5m | $40.5m | $49.2m | $45.3m | $41.1m | $47.5m | $56.3m | $59.0m | $54.8m | $47.6m | |
| Other Nonoperating Income (Expense) | $303k | $269k | $2.8m | $1.2m | $1.9m | ($7.6m) | $9.5m | $4.4m | $5.3m | $3.5m | |
| Business Combination, Acquisition Related Costs | $192k | $44.4m | $2.1m | $1.2m | ($158k) | $94k | ($345k) | $223k | $320k | $410k | |
| Operating Lease, Expense | — | — | — | — | — | $13.1m | $15.9m | $16.7m | $16.3m | $15.7m | |
| Transaction costs | $192k | $44.4m | $2.1m | $1.2m | ($158k) | $94k | ($345k) | $223k | $320k | $410k | |
| Interest Expense | $58.8m | $78.3m | $101.6m | $91.3m | $100.2m | $106.4m | $93.2m | $98.8m | $111.4m | $112.3m | |
| Income before income tax expense | $209.5m | $117.9m | $199.7m | $125.6m | ($356.8m) | ($309.9m) | $43.7m | $77.9m | $69.8m | $29.7m | |
| Income tax expense | ($8.2m) | ($42.1m) | ($8.8m) | $3.8m | ($52.0m) | ($1.2m) | ($1.5m) | ($1.3m) | ($1.6m) | ($1.1m) | |
| Income Tax Expense (Benefit) | $8.2m | $42.1m | $8.8m | ($3.8m) | $52.0m | $1.2m | $1.5m | $1.3m | $1.6m | $1.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.