Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2025

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.