RLJ Q2 2023 Earnings — RLJ Lodging Trust Revenue & Financial Results | Market Cap Arena

RLJRLJ Lodging Trust

$1B

Q2 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$357M+8.0% YoY

Gross Profit

$121M33.8% margin

Operating Income

$106M29.7% margin

Net Income

$41M11.6% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+13.5%

Cash Flow

Operating Cash Flow

$95M

Free Cash Flow

$95M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$2.5B

Stockholders' Equity

$2.4B

Cash & Equivalents

$477M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$357M	$331M	+8.0%
Gross Profit	$121M	$117M	+3.0%
Operating Income	$106M	$104M	+2.1%
Net Income	$41M	$33M	+25.6%

Revenue Segments

Occupancy

$295M83%

Food and Beverage

$38M11%

Hotel, Other

$23M7%

Geographic Segments

Other Markets

$119M33%

Northern California

$41M11%

Southern California

$40M11%

South Florida

$35M10%

New York City

$21M6%

Chicago, Illinois

$21M6%

Washington, D.C.

$19M5%

Louisville, Kentucky

$18M5%

Charleston, South Carolina

$15M4%

Houston, Texas

$14M4%

Austin, Texas

$13M4%