XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total revenues $ 328,119 $ 324,410
Expenses    
Operating Costs and Expenses 217,053 213,477
Depreciation and amortization 45,788 44,679
Property tax, insurance and other 27,203 27,834
General and administrative 12,646 15,105
Transaction costs 56 14
Total operating expenses 302,746 301,109
Other income, net 888 3,191
Interest income 3,255 4,787
Interest expense (27,552) (26,458)
Gain on sale of hotel property, net 1,321 0
Income before equity in income from unconsolidated joint ventures 3,285 4,821
Equity in income from unconsolidated joint ventures 181 234
Income before income tax expense 3,466 5,055
Income tax expense (294) (309)
Net income 3,172 4,746
Net loss attributable to noncontrolling interests:    
Noncontrolling interest in the Operating Partnership 17 2
Noncontrolling interest in consolidated joint ventures 173 189
Net income attributable to RLJ 3,362 4,937
Preferred dividends (6,279) (6,279)
Net loss attributable to common shareholders $ (2,917) $ (1,342)
Basic and diluted per common share data:    
Net income (loss) per share attributable to common shareholders - basic $ (0.02) $ (0.01)
Weighted-average number of common shares - basic (in shares) 150,909,513 152,970,215
Diluted per common share data:    
Net loss per share attributable to common shareholders - basic and diluted $ (0.02) $ (0.01)
Weighted-average number of common shares - diluted (in shares) 150,909,513 152,970,215
Comprehensive (loss) income:    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 3,172 $ 4,746
Unrealized gain (loss) on interest rate derivatives (5,296) 2,282
Comprehensive (loss) income (2,124) 7,028
Noncontrolling interest in the Operating Partnership 17 2
Noncontrolling interest in consolidated joint ventures 173 189
Comprehensive (loss) income attributable to RLJ (1,934) 7,219
Accumulated Other Comprehensive Income    
Comprehensive (loss) income:    
Unrealized gain (loss) on interest rate derivatives (5,296) 2,282
Room Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 267,654 266,630
Expenses    
Operating Costs and Expenses 70,851 69,386
Food and Beverage Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 37,513 35,689
Expenses    
Operating Costs and Expenses 29,289 28,627
Other Revenue    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 22,952 22,091
Expenses    
Operating Costs and Expenses 91,711 89,809
Management And Franchise Fee Expense    
Expenses    
Operating Costs and Expenses $ 25,202 $ 25,655