RLJ Q4 2023 Earnings — RLJ Lodging Trust Revenue & Financial Results | Market Cap Arena

RLJRLJ Lodging Trust

$1B

Q4 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$320M+5.7% YoY

Gross Profit

$87M27.4% margin

Operating Income

$27M8.5% margin

Net Income

$8M2.5% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

-4.4%

Cash Flow

Operating Cash Flow

$89M

Free Cash Flow

$59M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$2.6B

Stockholders' Equity

$2.3B

Cash & Equivalents

$517M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$320M	$302M	+5.7%
Gross Profit	$87M	$86M	+2.1%
Operating Income	$27M	$70M	-61.5%
Net Income	$8M	$7M	+20.0%

Revenue Segments

Occupancy

$262M82%

Food and Beverage

$36M11%

Hotel, Other

$22M7%

Geographic Segments

Other Markets

$156M39%

Northern California

$37M9%

Southern California

$37M9%

South Florida

$35M9%

Boston, MA

$30M8%

New York City

$25M6%

Charleston, South Carolina

$24M6%

Chicago, Illinois

$16M4%

Washington, D.C.

$14M4%

Louisville, Kentucky

$12M3%

Houston, Texas

$11M3%