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Dec 31, 2020
RLJ Q4 2020 Earnings Report
RLJ's Q4 performance was marked by strategic cost management and improved cash burn, positioning the company for recovery.
Key Takeaways
RLJ Lodging Trust reported a challenging fourth quarter due to the ongoing pandemic, with a net loss of $87.9 million. However, the company successfully reduced its cash burn and maintained a strong liquidity position. Open hotels generated positive Hotel EBITDA, and the company is optimistic about recovery in the second half of 2021.
95 hotels, representing 93% of the portfolio, were open throughout Q4.
Total portfolio occupancy reached 34.1%, with open hotels achieving 37.5% occupancy.
The company experienced a net loss of $87.9 million and an Adjusted EBITDA loss of $12.8 million.
RLJ maintained strong liquidity with approximately $900 million in unrestricted cash and $200 million undrawn on its credit line.
Forward Guidance
Due to uncertainties, the Company is unable to provide a future outlook at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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