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Mar 31, 2020
RLJ Q1 2020 Earnings Report
RLJ Lodging Trust reported first quarter results and provided a business update.
Key Takeaways
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.
RLJ
RLJ
RLJ Revenue by Segment
Revenue by Segment
Room Revenue
CapyFin.comFood and Beverage Revenue
CapyFin.comOther Revenue
CapyFin.com 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.