NYSE$RLJ

RLJ Lodging Trust · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported results for the fourth quarter and full year 2021.

RLJ Lodging Trust reported a positive industry recovery throughout 2021, exceeding expectations with the fourth quarter moving closer to 2019 levels. The company executed its strategic objectives, including achieving strong operating performance, generating positive cash flow, acquiring three high-quality hotels, and strengthening its balance sheet.

  • Portfolio pro forma RevPAR of $101.33, representing over 75% of 2019 levels
  • Revenue of $238.1 million
  • Net loss attributable to common shareholders $34.0 million
  • Adjusted FFO per diluted common share and unit of $0.14

Headline financials

Total Revenue

$238M

Previous: $91.1M+161.4%
EPS (adj)

-$0.21

Previous: -$0.57+63.2%
Adjusted EBITDA

$54.7M

No prior period
Net Income

-$27.9M

Previous: -$87.9M+68.2%
Operating Income

-$27.3M

Previous: -$87.3M+68.7%
Gross Profit

$61.1M

Previous: -$8.42M+825.7%
Cash & Equivalents

$665M

Previous: $900M-26.1%
Total Assets

$5.15B

Previous: $5.62B-8.3%
Stock-Based Comp

$4.29M

Previous: $3.18M+34.9%

Revenue & EPS history

RLJ · Revenue · Quarterly

$238M

Q4 2021+161.4%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

RLJ · $334M total across 3 segments · Q3 2023

  • Room Revenue
    $277M
  • Food and Beverage Revenue
    $34.2M
  • Other Revenue
    $23.1M

Forward guidance

Given the continued uncertainties related to the ongoing COVID-19 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 Q4 2021

Historical avgQ4 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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