RLJ Lodging Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	1,099	1,122	1,095	1,002	667.85	397.75
Other Revenue	252.35	248.31	230.97	191.67	117.33	66.88
Total Revenue	1,351	1,370	1,326	1,194	785.19	464.63
Revenue Growth (YoY	-0.61%	3.31%	11.04%	52.08%	68.99%	-70.36%
Property Expenses	989.48	985.31	935.12	831.06	600.47	494.87
Selling, General & Administrative	50.14	54.8	59	56.33	47.53	41.14
Depreciation & Amortization	184.53	179.43	179.1	184.88	187.78	194.17
Total Operating Expenses	1,224	1,220	1,173	1,072	835.77	730.18
Operating Income	127	150.36	152.78	121.86	-50.59	-265.54
Interest Expense	-111.95	-111.36	-98.81	-87.29	-117.02	-100.17
Interest & Investment Income	14.24	17.31	19.74	4.56	1	4.24
Other Non-Operating Income	3.38	5.34	4.36	3.63	3.04	1.94
EBT Excluding Unusual Items	32.68	61.66	78.08	42.76	-163.57	-359.54
Gain (Loss) on Sale of Assets	0.76	8.26	-0.03	1.02	-2.38	2.7
Asset Writedown	-	-	-	-	-144.85	-
Other Unusual Items	1.57	-0.13	-0.17	-0.04	0.89	-
Pretax Income	35.01	69.79	77.87	43.73	-309.9	-356.83
Income Tax Expense	1.49	1.6	1.26	1.52	1.19	51.97
Earnings From Continuing Operations	33.52	68.19	76.62	42.22	-311.09	-408.8
Minority Interest in Earnings	-0.06	-0.17	-0.21	-0.29	5.92	4.36
Net Income	33.46	68.02	76.41	41.93	-305.17	-404.44
Preferred Dividends & Other Adjustments	26.23	26.01	26	25.4	25.2	25.17
Net Income to Common	7.22	42.01	50.41	16.53	-330.37	-429.61
Net Income Growth	-52.60%	-10.97%	82.24%	-	-	-
Basic Shares Outstanding	150	153	156	162	164	165
Diluted Shares Outstanding	151	153	157	162	164	165
Shares Change (YoY)	-1.68%	-1.97%	-3.54%	-1.04%	-0.31%	-4.02%
EPS (Basic)	0.05	0.27	0.32	0.10	-2.01	-2.61
EPS (Diluted)	0.04	0.27	0.32	0.10	-2.01	-2.61
EPS Growth	-84.80%	-15.63%	220.00%	-	-	-
Dividend Per Share	0.600	0.500	0.360	0.120	0.040	0.040
Dividend Growth	33.33%	38.89%	200.00%	200.00%	-	-96.97%
Operating Margin	9.40%	10.98%	11.52%	10.21%	-6.44%	-57.15%
Profit Margin	0.53%	3.07%	3.80%	1.38%	-42.08%	-92.46%
EBITDA	315.99	335.3	336.84	310	135.1	-73.78
EBITDA Margin	23.39%	24.48%	25.40%	25.96%	17.21%	-15.88%
D&A For Ebitda	188.99	184.94	184.06	188.14	185.69	191.76
EBIT	127	150.36	152.78	121.86	-50.59	-265.54
EBIT Margin	9.40%	10.98%	11.52%	10.21%	-6.44%	-57.15%
Funds From Operations (FFO)	192.89	215.02	231.44	-	-	-
FFO Per Share	1.27	1.39	1.47	-	-	-
Adjusted Funds From Operations (AFFO)	-	241.85	260.39	-	-	-
AFFO Per Share	-	1.57	1.66	-	-	-
FFO Payout Ratio	47.57%	32.47%	21.26%	-	-	-
Effective Tax Rate	4.26%	2.29%	1.61%	3.47%	-	-
Revenue as Reported	1,351	1,369	1,326	1,194	785.66	473.09

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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