NYSE$RLJ

RLJ Lodging Trust · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

RLJ Lodging Trust reported first quarter results and provided a business update.

RLJ Lodging Trust reported a total revenue of $265.5 million and a net loss of $30.8 million. The company had $1.2 billion of unrestricted cash on hand and operations were suspended at 57 hotels due to the COVID-19 pandemic.

  • RLJ Lodging Trust has ample liquidity with approximately $1.2 billion of cash on hand.
  • Operations are currently suspended at 57 hotels.
  • The company has no debt maturities until 2022.
  • The board of trustees reduced its first quarter common dividend to $0.01 per common share.

Headline financials

Total Revenue

$265M

Previous: $399M-33.5%
EPS (adj)

-$0.21

Previous: $0.12-275.0%
Capital Expenditures

-$31M

Previous: -$52K-59567.3%
Free Cash Flow

-$60.4M

Previous: $27.2M-321.9%
Net Income

-$29.3M

Previous: $27.3M-207.6%
Operating Income

-$12.4M

Previous: $48.9M-125.3%
Gross Profit

$265M

Previous: $399M-33.5%
Cash & Equivalents

$1.16B

Previous: $241M+379.5%
Total Assets

$6.07B

Previous: $6B+1.1%
Stock-Based Comp

$2.7M

Previous: $2.73M-1.1%

Revenue & EPS history

RLJ · Revenue · Quarterly

$265M

Q1 2020-33.5%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

RLJ · $265M total across 3 segments · Q1 2020

  • Room Revenue
    $219M
  • Food and Beverage Revenue
    $30.8M
  • Other Revenue
    $15.8M

Forward guidance

Given the uncertainties related to the pandemic and its impact on travel, the Company in unable to provide a future outlook at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.0%

Avg return

30 days after

42%

25 / 60 earnings

Positive

+11.1%

Q2 2020

Best reaction

-13.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%+7.8%+22.7%
Q4 2025-3.5%-1.8%-9.8%
Q3 2025+0.1%+6.3%+6.7%
Q1 2025-3.3%+1.5%-0.7%
Q4 2024+1.2%+2.4%-12.6%
Q3 2024+6.7%+10.3%+17.3%
Q2 2024-2.3%-3.7%+0.6%
Q1 2024-2.7%-2.7%-9.3%
Q4 2023-3.2%+2.7%-1.0%
Q3 2023+5.4%+8.6%+16.4%
Q2 2023-2.5%-0.5%-0.6%
Q1 2023+6.0%+7.1%+7.8%
Q4 2022-1.0%+0.4%-12.3%
Q3 2022-6.9%-8.0%-1.8%
Q2 2022+0.6%+2.7%-4.3%
Q1 2022-3.5%-9.2%+1.3%
Q4 2021-1.5%-3.8%-4.8%
Q3 2021-2.5%-5.0%-21.7%
Q2 2021+6.5%+4.3%+5.3%
Q1 2021-3.2%-3.3%-2.8%
Q4 2020-1.0%-4.2%-2.5%
Q3 2020-4.0%+27.9%+57.2%
Q2 2020+11.1%+19.2%+19.1%
Q1 2020-13.4%-3.3%+17.3%
Q4 2019-9.4%-15.3%-45.4%
Q3 2019-2.0%-3.7%-0.9%
Q2 2019+2.7%-1.7%+0.6%
Q1 2019+0.8%+0.4%-2.1%
Q4 2018-1.9%+0.2%-5.9%
Q3 2018+2.0%+2.0%+1.8%
Q2 2018-3.1%-4.4%-0.3%
Q1 2018+3.6%+3.1%+7.7%
Q4 2017-5.3%-6.8%-7.1%
Q3 2017-2.1%-3.2%-0.8%
Q2 2017-0.3%-2.4%-3.0%
Q1 2017-5.3%-8.9%-4.2%
Q4 2016-2.2%-1.3%-5.0%
Q3 2016-1.0%+2.1%+16.4%
Q2 2016-1.2%+2.0%-1.0%
Q1 2016-1.1%
Q4 2015+4.7%
Q3 2015+0.6%
Q2 2015-3.4%
Q1 2015+2.6%
Q4 2014-0.5%
Q3 2014+0.5%
Q2 2014+0.4%
Q1 2014+2.4%
Q4 2013-0.8%
Q3 2013-3.7%
Q2 2013+0.2%
Q1 2013-1.0%
Q4 2012+2.3%
Q3 2012-1.3%
Q2 2012-0.3%
Q1 2012+2.8%
Q4 2011+2.5%
Q3 2011+6.6%
Q2 2011+2.4%
Q1 2011-2.1%
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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