RLJ Lodging Trust reported its financial results for the first quarter of 2026, revealing total revenues of $339.977 million, an increase of 3.6% from $328.119 million in the same period of 2025. The growth was primarily driven by a $7.603 million rise in room revenue, which reached $275.257 million, alongside increases in food and beverage revenue and other revenue. However, the company recorded a net loss of $349,000, compared to a net income of $3.172 million in the prior year, resulting in a net loss per share attributable to common shareholders of $0.05, compared to a loss of $0.02 per share in the previous year.
In terms of operational performance, RLJ Lodging Trust owned 93 hotel properties with approximately 20,800 rooms as of March 31, 2026. The company experienced a slight increase in occupancy rates, which rose to 70.8% from 69.0% year-over-year. Average Daily Rate (ADR) also improved to $209.91 from $205.51, contributing to a Revenue per Available Room (RevPAR) increase to $148.55 from $141.80. The company’s total property operating expenses increased to $224.994 million, up from $217.053 million, reflecting higher costs associated with labor and utilities.
Strategically, RLJ Lodging Trust completed a series of refinancing transactions in early 2026, which included extending the maturity of its revolving credit facility to February 2030 and refinancing existing term loans. These actions are expected to facilitate the repayment of $1 billion in senior notes due in July 2026. Additionally, the company announced a new share repurchase program, allowing for the acquisition of up to $250 million in common and preferred shares over the next year.
The company’s cash and cash equivalents, along with restricted cash reserves, totaled $387.459 million as of March 31, 2026, a decrease from $442.061 million at the end of 2025. Cash flow from operating activities improved to $26.210 million, compared to $16.300 million in the prior year. However, cash used in investing activities increased to $28.381 million, primarily due to capital improvements and additions to hotel properties.
Looking ahead, RLJ Lodging Trust remains focused on enhancing its hotel portfolio and maintaining a prudent capital structure. The company anticipates that the strategic refinancing and operational improvements will position it for better performance in the upcoming quarters, despite the challenges posed by market conditions and competition in the hospitality sector.
About RLJ Lodging Trust
RLJ Lodging Trust is a Maryland REIT that owns and manages a portfolio of primarily premium-branded, focused-service, and compact full-service hotels across the U.S. The company generates revenue through hotel ownership, leasing, and asset management, emphasizing high-margin properties in demand-driven markets. It leverages strong brand affiliations, proactive asset management, and a flexible capital structure to deliver long-term value and competitive advantages in the lodging industry.
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