# RLJ Lodging Trust: overview

RLJ · NYSE · CIK 1511337 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/rlj.md) · [Financials](/companies/rlj/financials.md) · [Filings](/companies/rlj/filings.md) · [Insiders](/companies/rlj/insiders.md)

Latest reported revenue: [$383.0m](/filings/0001511337-26-000023.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:Revenues, accession 0001511337-26-000023).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [346](/filings/0001511337-25-000031.md) | [330 d](/filings/0001511337-26-000007.md) | [328](/filings/0001511337-26-000014.md) | [363](/filings/0001511337-26-000023.md) | [330](/filings/0001511337-25-000031.md) | [329 d](/filings/0001511337-26-000007.md) | [340](/filings/0001511337-26-000014.md) | [383](/filings/0001511337-26-000023.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [6.0%](/filings/0001511337-25-000031.md) | [1.6% d](/filings/0001511337-26-000007.md) | [1.0%](/filings/0001511337-26-000014.md) | [7.8%](/filings/0001511337-26-000023.md) | [(1.1%)](/filings/0001511337-25-000031.md) | [0.1% d](/filings/0001511337-26-000007.md) | [(0.0%)](/filings/0001511337-26-000014.md) | [8.1%](/filings/0001511337-26-000023.md) |
| Diluted EPS | $ per share | [0.09](/filings/0001511337-25-000031.md) | not reported | [(0.02)](/filings/0001511337-26-000014.md) | [0.15](/filings/0001511337-26-000023.md) | [(0.07)](/filings/0001511337-25-000031.md) | not reported | [(0.05)](/filings/0001511337-26-000014.md) | [0.16](/filings/0001511337-26-000023.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [786](/filings/0001511337-24-000006.md) | [1,194](/filings/0001511337-25-000007.md) | [1,326](/filings/0001511337-26-000007.md) | [1,369](/filings/0001511337-26-000007.md) | [1,350](/filings/0001511337-26-000007.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(38.8%)](/filings/0001511337-24-000006.md) | [3.5%](/filings/0001511337-25-000007.md) | [5.8%](/filings/0001511337-26-000007.md) | [5.0%](/filings/0001511337-26-000007.md) | [2.1%](/filings/0001511337-26-000007.md) |
| Diluted EPS | $ per share | [(2.01)](/filings/0001511337-24-000006.md) | [0.10](/filings/0001511337-25-000007.md) | [0.32](/filings/0001511337-26-000007.md) | [0.27](/filings/0001511337-26-000007.md) | [0.01](/filings/0001511337-26-000007.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/rlj/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $224.8m | 18,972,022 |  | Added +2,978,814 |
| [DONALD SMITH & CO., INC.](/funds/814375.md) | 2026-06-30 | $145.9m | 12,311,807 |  | Reduced −2,688,817 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $145.2m | 12,251,010 |  | Added +37,548 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $73.5m | 6,202,644 |  | Added +277,762 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $72.5m | 6,050,006 |  | Reduced −77,046 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $71.8m | 6,058,617 |  | Added +3,813,824 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $46.3m | 3,909,540 |  | Added +197,498 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $44.0m | 3,710,622 |  | Reduced −70,517 |
| [Allianz Asset Management GmbH](/funds/1535323.md) | 2026-06-30 | $42.6m | 3,590,968 |  | Added +157,813 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $41.7m | 3,516,351 |  | Added +3,393,185 |

## Recent filings

[All 1,305 filings](/companies/rlj/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-07 | 16:02 ET | [10-Q](/filings/0001511337-26-000023.md) | Quarterly report, period 2026-06-30 | 0001511337-26-000023 |
| 2026-08-06 | 17:20 ET | [8-K](/filings/0001511337-26-000019.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001511337-26-000019 |
| 2026-05-04 | 14:49 ET | [10-Q](/filings/0001511337-26-000014.md) | Quarterly report, period 2026-03-31 | 0001511337-26-000014 |
| 2026-05-04 | 09:17 ET | [8-K](/filings/0001511337-26-000010.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001511337-26-000010 |
| 2026-04-30 | 16:06 ET | [8-K](/filings/0001104659-26-052887.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results | 0001104659-26-052887 |
| 2026-03-23 | 16:05 ET | [DEF 14A](/filings/0001104659-26-033293.md) | Proxy statement, period 2026-04-24 | 0001104659-26-033293 |
| 2026-02-27 | 16:49 ET | [10-K](/filings/0001511337-26-000007.md) | Annual report, period 2025-12-31 | 0001511337-26-000007 |
| 2026-02-26 | 17:09 ET | [8-K](/filings/0001511337-26-000005.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001511337-26-000005 |
| 2026-02-18 | 17:02 ET | [8-K](/filings/0001104659-26-017119.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-017119 |
| 2025-11-06 | 15:35 ET | [10-Q](/filings/0001511337-25-000031.md) | Quarterly report, period 2025-09-30 | 0001511337-25-000031 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001511337-26-000007.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/bad64089-ab21-47be-b869-ee2e4f4ee521)

## About the filer

- CIK: 1511337
- Tickers: RLJ, RLJ-PA
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 13:57 ET. No prices; not investment advice.