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Earnings per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Schedule of computation of basic and diluted earnings per common share | The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):
| For the three months ended September 30, |  | For the nine months ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net (loss) income attributable to RLJ | $ | (3,736) |  |  | $ | 20,602 |  |  | $ | 28,079 |  |  | $ | 62,645 |
Less: Preferred dividends | (6,279) |  |  | (6,279) |  |  | (18,836) |  |  | (18,836) |
Less: Dividends paid on unvested restricted shares | (295) |  |  | (242) |  |  | (881) |  |  | (657) |
Less: Undistributed earnings attributable to unvested restricted shares | — |  |  | — |  |  | — |  |  | — |
Net (loss) income attributable to common shareholders excluding amounts attributable to unvested restricted shares | $ | (10,310) |  |  | $ | 14,081 |  |  | $ | 8,362 |  |  | $ | 43,152 |
Denominator: |  |  |  |  |  |  |
Weighted-average number of common shares - basic | 149,129,419 |  |  | 153,070,639 |  |  | 149,850,781 |  |  | 153,226,734 |
Unvested restricted shares | — |  |  | 87,512 |  |  | 133,839 |  |  | 533,940 |
Unvested performance units | — |  |  | 82,018 |  |  | 2,596 |  |  | 70,080 |
Weighted-average number of common shares - diluted | 149,129,419 |  |  | 153,240,169 |  |  | 149,987,216 |  |  | 153,830,754 |
Net (loss) income per share attributable to common shareholders - basic | $ | (0.07) |  |  | $ | 0.09 |  |  | $ | 0.06 |  |  | $ | 0.28 |
Net (loss) income per share attributable to common shareholders - diluted | $ | (0.07) |  |  | $ | 0.09 |  |  | $ | 0.06 |  |  | $ | 0.28 |
For the three months ended September 30, 2025, an aggregate of 216,114 unvested restricted shares and performance units were excluded from diluted weighted-average number of common shares, as their effect would have been anti-dilutive.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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