NYSE$RLJ
RLJ Lodging Trust · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported positive gross operating profit and open hotels generated positive EBITDA. Reduced monthly cash burn estimate and maintained total liquidity.
RLJ Lodging Trust reported third quarter results exceeding expectations, driven by strength in leisure and an uptick in business transient and small group demand. The company reopened a significant number of hotels and continued aggressive asset management efforts to minimize operating costs, leading to a further reduction in burn rate. They maintained a strong liquidity position of $1.2 billion.
- 96 hotels are now open, representing 93% of the portfolio.
- Total portfolio achieved 29.3% occupancy, and open hotels achieved 37.1% occupancy during the third quarter.
- Reduced monthly cash burn estimate range by $2.5 million at the mid-point.
- Maintained a strong balance sheet with approximately $1.0 billion of unrestricted cash.
Headline financials
Revenue & EPS history
RLJ · Revenue · Quarterly
$83.9M
Revenue by segment
RLJ · $83.9M total across 3 segments · Q3 2020
- Room Revenue$72.5M—86.4%
- Other Revenue$7.56M—9.0%
- Food and Beverage Revenue$3.83M—4.6%
Forward guidance
Given the 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 Q3 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
| Quarter | Report date | Reaction (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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