RLJ Q2 2024 Earnings — RLJ Lodging Trust Revenue & Financial Results | Market Cap Arena

RLJRLJ Lodging Trust

$1B

Q2 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$369M+3.4% YoY

Gross Profit

$116M31.3% margin

Operating Income

$57M15.5% margin

Net Income

$37M10.0% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

+13.8%

Cash Flow

Operating Cash Flow

$121M

Free Cash Flow

$82M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$2.6B

Stockholders' Equity

$2.3B

Cash & Equivalents

$371M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$369M	$357M	+3.4%
Gross Profit	$116M	$121M	-4.1%
Operating Income	$57M	$106M	-45.9%
Net Income	$37M	$41M	-10.4%

Revenue Segments

Occupancy

$304M82%

Food and Beverage

$41M11%

Hotel, Other

$25M7%

Geographic Segments

Other Markets

$117M32%

Southern California

$45M12%

Northern California

$40M11%

South Florida

$36M10%

New York City

$23M6%

Chicago, Illinois

$21M6%

Louisville, Kentucky

$20M5%

Washington, D.C.

$19M5%

Boston, MA

$17M5%

Charleston, South Carolina

$16M4%

Houston, Texas

$14M4%