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Companies / Real Estate / RLJ Lodging Trust
RLJ

RLJ Lodging Trust

Ticker RLJBETHESDA, MDFiscal year ends DecemberBook value per share $14.17Diluted shares 150.9M

RLJ Lodging Trust (NYSE: RLJ) is a self-advised and self-administered real estate investment trust that owns primarily premium-branded, rooms-oriented focused-service and compact full-service hotels in U.S. markets. Its properties serve travelers seeking hotel rooms and are operated by independent hotel managers under… From the company’s description.

Over the twelve months to Sep 30, 2026, RLJ Lodging Trust reported revenue of $1.41B, up 4.1% from a year earlier, and net income of $36.10M. Its operating margin was 10.0%, and operations generated $272.64M in cash. In fiscal 2025, it reported revenue of $1.35B, down 1.4% from fiscal 2024, and net income of $28.55M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.35BFY2025
−1.4% year over year
Last 12 mo $1.41B
9.38%FY2025
−1.6 percentage points
Last 12 mo 10.01%
$28.55MFY2025
−58.1% year over year
Last 12 mo $36.10M
1.31%FY2025
−1.7 percentage points
Last 12 mo 1.68%
Cash & financing
$243.80MFY2025
−14.6% year over year
Last 12 mo $272.64M
$117.39MFY2025
+1296.2% year over year
Last 12 mo $181.78M
1.01FY2025
Was 0.97× a year earlier
Last 12 mo 1.03
149.9MFY2025
−2.3% year over year
Last 12 mo 150.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What RLJ Lodging Trust does

In the company’s own words

RLJ Lodging Trust (NYSE: RLJ) is a self-advised and self-administered real estate investment trust that owns primarily premium-branded, rooms-oriented focused-service and compact full-service hotels in U.S. markets. Its properties serve travelers seeking hotel rooms and are operated by independent hotel managers under franchise agreements with major hotel brands. As of December 31, 2025, the company owned 93 hotels with approximately 20,800 rooms across 23 states and the District of Columbia. The portfolio includes Marriott, Hilton, Hyatt and Wyndham brands, with 83 hotels affiliated with Marriott, Hilton or Hyatt. RLJ conducts its business through an operating partnership and leases 92 of its hotels to taxable REIT subsidiaries, which engage independent managers to run hotel operations. Its website is www.rljlodgingtrust.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
BETHESDA, MD
Fiscal year end
December
CIK
1511337
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-625.80M$25.20M$676.21M$1.33B$1.98B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns RLJ Lodging Trust — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

210
funds hold it
0 of 35
superinvestors hold it
$529.80M
held by funds, at market
33.7%
of shares held by funds

Largest fund holders · RLJ Lodging Trust’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets
PIMCO RAE US Small Fund
PMJIX · PIMCO Equity Series
0.70%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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