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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Series A Cumulative Preferred Stock
Common Shares of beneficial interest, par value $0.01 per share
Additional Paid-in-Capital
Retained Earnings (Distributions in excess of net earnings)
Accumulated Other Comprehensive Loss
Operating Partnership
Consolidated Joint Venture
Noncontrolling Interest, Consolidated Joint Venture
Balance (in shares) at Dec. 31, 2021   12,879,475 166,503,062            
Balance at Dec. 31, 2021 $ 2,413,867 $ 366,936 $ 1,665 $ 3,092,883 $ (1,046,739) $ (17,113) $ 6,316 $ 9,919  
Increase (Decrease) in Equity                  
Net income 42,215       41,925   80 210  
Net income attributable to RLJ 41,925                
Unrealized (loss) gain on interest rate derivatives 63,570         63,570      
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net (5,866)         (5,866)      
Issuance of restricted stock (in shares)     702,993            
Issuance of restricted stock 0   $ 7 (7)          
Amortization of share-based compensation 23,267     23,267          
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)     (260,841)            
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock $ (3,598)   $ (3) (3,595)          
Number of shares acquired as part of a share repurchase program (in shares) (4,900,000)   (4,907,094)            
Shares acquired as part of a share repurchase program $ (57,639)   $ (49) (57,590)          
Forfeiture of restricted stock (in shares)     (34,587)            
Forfeiture of restricted stock 0   $ 0 0          
Contributions from consolidated joint venture partners 154             154  
Distribution to joint venture partner (2,614)               $ (2,614)
Distributions on preferred shares (25,115)       (25,115)        
Distributions on common shares and units (19,595)       (19,512)   (83)    
Balance (in shares) at Dec. 31, 2022   12,879,475 162,003,533            
Balance at Dec. 31, 2022 2,428,646 $ 366,936 $ 1,620 3,054,958 (1,049,441) 40,591 6,313 7,669  
Increase (Decrease) in Equity                  
Net income 76,617           247 (35)  
Net income attributable to RLJ 76,405       76,405        
Unrealized (loss) gain on interest rate derivatives (17,929)         (17,929)      
Issuance of restricted stock (in shares)     1,190,961            
Issuance of restricted stock 0   $ 12 (12)          
Amortization of share-based compensation 26,243     26,243          
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)     (407,205)            
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock $ (4,398)   $ (4) (4,394)          
Number of shares acquired as part of a share repurchase program (in shares) (7,500,000)   (7,463,632)            
Shares acquired as part of a share repurchase program $ (75,976)   $ (75) (75,901)          
Forfeiture of restricted stock (in shares)     (25,828)            
Forfeiture of restricted stock 0   $ 0 0          
Distributions on preferred shares (25,115)       (25,115)        
Distributions on common shares and units (57,298)       (57,032)   (266)    
Balance (in shares) at Dec. 31, 2023   12,879,475 155,297,829            
Balance at Dec. 31, 2023 2,350,790 $ 366,936 $ 1,553 3,000,894 (1,055,183) 22,662 6,294 7,634  
Increase (Decrease) in Equity                  
Net income 68,191           215 (45)  
Net income attributable to RLJ 68,021       68,021        
Unrealized (loss) gain on interest rate derivatives (8,874)         (8,874)      
Issuance of restricted stock (in shares)     1,178,779            
Issuance of restricted stock 0   $ 11 (11)          
Amortization of share-based compensation 22,585     22,585          
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)     (807,917)            
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock $ (9,014)   $ (8) (9,006)          
Number of shares acquired as part of a share repurchase program (in shares) (2,300,000)   (2,342,190)            
Shares acquired as part of a share repurchase program $ (21,998)   $ (23) (21,975)          
Forfeiture of restricted stock (in shares)     (30,924)            
Forfeiture of restricted stock 0   $ 0 0          
Distributions on preferred shares (25,115)       (25,115)        
Distributions on common shares and units (78,288)       (77,909)   (379)    
Balance (in shares) at Dec. 31, 2024   12,879,475 153,295,577            
Balance at Dec. 31, 2024 $ 2,298,277 $ 366,936 $ 1,533 $ 2,992,487 $ (1,090,186) $ 13,788 $ 6,130 $ 7,589