Companies /Real Estate

RLJ Lodging Trust

NYSE: RLJ Reit - Hotel & Motel
$11.08
▲ $0.06 (+0.54%) today
Markets closed · 4:39am ET

Q4 2025 Earnings

Reported Feb 26, 2026, 5:09pm ET · SEC source
$-0.04
Beat +44.83%
EPS · est. $-0.07
$328.6M
Beat +3.35%
Revenue · est. $318.0M
−2.3%
Trailing market
RLJ vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%Feb 26Feb 27report 5:09pm ETearnings−0.4%−3.3%
−3%0+3%Feb 26Feb 27earnings−0.4%−3.3%
RLJ −3.3%S&P 500 −0.4%
−3%0+3%Feb 26Feb 27report 5:09pm ETearnings−0.3%−3.3%
−3%0+3%Feb 26Feb 27earnings−0.3%−3.3%
RLJ −3.3%NASDAQ −0.3%
−9%−6%−3%0Feb 26Mar 6report 5:09pm ETearnings−2.3%−7.7%
−9%−6%−3%0Feb 26Mar 6earnings−2.3%−7.7%
RLJ −7.7%S&P 500 −2.3%
−9%−6%−3%0Feb 26Mar 6report 5:09pm ETearnings−1.4%−7.7%
−9%−6%−3%0Feb 26Mar 6earnings−1.4%−7.7%
RLJ −7.7%NASDAQ −1.4%
−3.26%
Day of report
+1.62%
Next session
−2.24%
One week
−7.48%
30 days

S&P 500 over the same 30 days: −5.20%.

Did RLJ Beat Earnings? Q4 2025 Results

RLJ Lodging Trust closed out Q4 2025 with results that landed ahead of expectations despite a challenging operating backdrop, posting a loss of $0.04 per share against a consensus estimate of $0.07 negative, a beat of 44.83%, while revenue of $328.59 million topped the $317.95 million estimate by 3.35%, even as total revenue edged down 0.4% year-over-year. The primary story behind the quarter's relative resilience was strong growth in non-room revenues, which climbed 7.2% and helped offset a 1.5% decline in comparable RevPAR to $136.79, itself pressured by the extended U.S. government shutdown that disrupted demand through October and November. GAAP net income fell sharply to $549,000 from $5.51 million a year ago, and Adjusted EBITDA slipped modestly to $80.43 million from $81.13 million. Some analysts have flagged concerns about the company's longer-term profitability trajectory, though management pointed to upcoming catalysts including the FIFA World Cup and America's 250th Anniversary celebrations as potential demand drivers; for 2026, RLJ guided Adjusted FFO per diluted share to a range of $1.21 to $1.41.

Key Takeaways
  • Outperformance of urban markets
  • Successful ramp of completed brand conversions
  • Robust non-room revenue growth of 7.2% in Q4
  • Disciplined cost management efforts
  • $4.7 million of real estate tax credits during Q4

“We achieved solid fourth quarter results that came in ahead of our outlook despite a choppy operating environment that was further constrained by a protracted government shutdown, driven by the outperformance of our urban markets, the successful ramp of our completed conversions, robust non-room revenue growth, and benefits from our disciplined cost management efforts. These results capped a productive year for RLJ in which we advanced a number of our strategic initiatives.”

RLJ Lodging Trust CEO, on the earnings call

Forward Guidance & Outlook

For full year 2026, the company expects comparable RevPAR growth of 0.5% to 3.0%, Comparable Hotel EBITDA of $344M to $374M, Adjusted EBITDA of $312M to $342M, and Adjusted FFO per diluted share of $1.21 to $1.41. Additional outlook assumptions include net interest expense of $101.0M to $103.0M, cash corporate G&A of $32.5M to $33.5M, capital expenditures for renovations of $80.0M to $90.0M, and diluted weighted average common shares and units of 150.8 million. The 2026 net income outlook ranges from $0.3M to $28.3M. Potential future acquisitions, dispositions, financings, or share repurchases are not incorporated into the outlook.

RLJ YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$100.0M$200.0M$300.0M$330.0M$328.6MRevenue$5.4M$549,000Net Income$29.3M$27.2MOperating Income
$0$100.0M$200.0M$300.0MRevenueNet IncomeOperating Income

RLJ Revenue by Segment

Room Revenue$262.1M
Food and Beverage Revenue$41.9M
Other Revenue$24.6M

Figures from SEC filings and company reports. Not investment advice.