NYSE$RLJ

RLJ Lodging Trust · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported second quarter 2021 results, driven by strong leisure demand and improvement in business transient and group demand.

RLJ Lodging Trust reported a total revenue of $194.3 million and a net loss of $52.2 million for the second quarter of 2021. The company's performance was driven by strong leisure demand and improvements in business transient and group demand.

  • Total portfolio achieved 57.9% occupancy and open hotels achieved 61.0% occupancy.
  • Total revenue of $194.3 million.
  • Net loss of ($52.2) million.
  • Pro forma Hotel EBITDA of $49.9 million.

Headline financials

Total Revenue

$194M

Previous: $32.6M+496.0%
EPS (adj)

-$0.35

Previous: -$0.74+52.7%
Adjusted EBITDA

$43.6M

No prior period
Capital Expenditures

-$25.1M

Previous: -$44.7M+43.8%
Free Cash Flow

-$76.5M

Previous: -$160M+52.1%
Net Income

-$51.4M

Previous: -$115M+55.3%
Operating Income

-$10.2M

Previous: -$104M+90.2%
Gross Profit

$194M

Previous: $32.6M+496.0%
Cash & Equivalents

$658M

Previous: $1.05B-37.3%
Total Assets

$5.3B

Previous: $5.92B-10.5%
Stock-Based Comp

$4.85M

Previous: $3.33M+45.8%

Revenue & EPS history

RLJ · Revenue · Quarterly

$194M

Q2 2021+496%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

RLJ · $194M total across 3 segments · Q2 2021

  • Room Revenue
    $167M
  • Other Revenue
    $14.7M
  • Food and Beverage Revenue
    $13M

Forward guidance

Given the continued uncertainties related to the pandemic and its impact on travel, the Company is 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 Q2 2021

Historical avgQ2 2021

-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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