RLJ Q1 2023 Earnings — RLJ Lodging Trust Revenue & Financial Results | Market Cap Arena

RLJRLJ Lodging Trust

$1B

Q1 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$315M+29.5% YoY

Gross Profit

$89M28.3% margin

Operating Income

$75M24.0% margin

Net Income

$11M3.4% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+4.1%

Cash Flow

Operating Cash Flow

$42M

Free Cash Flow

$42M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$2.5B

Stockholders' Equity

$2.4B

Cash & Equivalents

$474M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$315M	$243M	+29.5%
Gross Profit	$89M	$61M	+45.1%
Operating Income	$75M	$47M	+59.6%
Net Income	$11M	-$15M	+169.8%

Revenue Segments

Occupancy

$261M83%

Food and Beverage

$33M11%

Hotel, Other

$20M6%

Geographic Segments

Other Markets

$54M17%

South Florida

$46M15%

Northern California

$40M13%

Southern California

$36M11%

Austin, Texas

$14M5%

Houston, Texas

$14M4%

Washington, D.C.

$13M4%

New York City

$13M4%

Chicago, Illinois

$12M4%

Louisville, Kentucky

$12M4%

Atlanta, Georgia

$12M4%

Charleston, South Carolina

$11M3%

New Orleans, Louisiana

$10M3%

Tampa, FL

$9M3%

Orlando, Florida

$9M3%

Boston, MA

$8M3%