earnings
confidence high
sentiment neutral
materiality 0.60
RLJ Lodging Q4 net loss $34M; Dec RevPAR 87% of 2019; acquires 3 hotels in 2021
RLJ Lodging Trust
2021-FY EPS reported
-$2.01
revenue$785,664,000
- Q4 net loss $34.0M ($0.21/share); Adjusted FFO $0.14/share. Full year net loss $330.3M ($2.01/share).
- Q4 pro forma RevPAR $101.33, 75% of 2019; December RevPAR reached 87% of 2019, best since pandemic.
- Acquired three hotels for $198.3M; sold seven hotels for $208.5M in 2021; match-funded strategy.
- Refinanced $1.3B debt; raised $1B senior secured notes at 3.75%/4.00%; ended with $1B liquidity.
- No 2022 outlook due to COVID uncertainties; declared Q4 dividend $0.01/share.