RLJ Q1 2024 Earnings — RLJ Lodging Trust Revenue & Financial Results | Market Cap Arena

RLJRLJ Lodging Trust

$1B

Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$324M+3.1% YoY

Gross Profit

$83M25.6% margin

Operating Income

$23M7.2% margin

Net Income

$5M1.5% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

-$13M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$2.6B

Stockholders' Equity

$2.3B

Cash & Equivalents

$350M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$324M	$315M	+3.1%
Gross Profit	$83M	$89M	-6.8%
Operating Income	$23M	$75M	-69.1%
Net Income	$5M	$11M	-53.6%

Revenue Segments

Occupancy

$267M82%

Food and Beverage

$36M11%

Hotel, Other

$22M7%

Geographic Segments

Other Markets

$105M32%

South Florida

$49M15%

Northern California

$41M13%

Southern California

$38M12%

Houston, Texas

$14M4%

New York City

$14M4%

Louisville, Kentucky

$13M4%

Washington, D.C.

$13M4%

Austin, Texas

$12M4%

Charleston, South Carolina

$12M4%

Chicago, Illinois

$12M4%