QUOTE AND NEWS
SeekingAlpha  Oct 11  Comment 
By Munger Fan: RLJ Entertainment (NASDAQ:RLJE) is a company that was put together by Robert L Johnson, the founder of BET. This company is a combination of Acorn Media and Image Entertainment. Acorn TV specializes in quality British programming...
Forbes  Aug 28  Comment 
Looking back to 98 days ago, RLJ Lodging Trust (NYSE: RLJ) priced a 8,000,000 share secondary stock offering at $26.45 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up...
Benzinga  Aug 19  Comment 
In a report published Tuesday, Compass Point analyst Wilkes Graham reiterated a Buy rating and $32.50 price target on RLJ Lodging Trust (NYSE: RLJ). In the report, Compass Point noted, “We reiterate our Buy rating and $32.50 price target. On...
SeekingAlpha  Aug 18  Comment 
By Jeffrey Himelson: Recently RLJ Entertainment (NASDAQ:RLJE) reported positive second quarter earnings. During the quarter revenue declined 6.5% to $32 million, but it reported a net loss of just $2.2 million compared to a net loss of $16.9...
SeekingAlpha  Aug 7  Comment 
RLJ Lodging Trust (NYSE:RLJ) Q2 2014 Earnings Conference Call August 6 2014 10:00 AM ET Executives Hilda Delgado - Vice President of Finance Tom Baltimore - President and CEO Leslie Hale - Treasurer and CFO Analysts ...
Benzinga  Aug 6  Comment 
In a report published Wednesday, MLV & Co analyst Ryan Meliker reiterated a Buy rating and $32.00 price target on RLJ Lodging Trust (NYSE: RLJ). In the report, MLV & Co noted, “RLJ reported 2Q results that were largely in-line: Adjusted EBITDA...
DailyFinance  Aug 5  Comment 
RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and six months ended June 30, 2014. Second Quarter Highlights Pro forma RevPAR increased 6.6%, Pro forma ADR increased 2.8%, and Pro ...
SeekingAlpha  Jun 27  Comment 
By Jeffrey Himelson: As the TV industry is shifting, the competition to secure content is certainly heating up. TV consumption is shifting from the traditional means to the internet. With this trend, many major internet companies have entered the...
DailyFinance  May 23  Comment 
RLJ Lodging Trust (the “Company”) (NYSE:RLJ) today announced that it acquired two West Coast hotels, the 256-room Courtyard Portland City Center in Portland, Oregon, and the 293-room Embassy Suites Irvine Orange County in...




 
TOP CONTRIBUTORS

RLJ Lodging Trust (NYSE:RLJ) a Real Estate Investment Trust (REIT) which focuses on the acquisition of premium, compact full-service hotels in the United States. RLJ is one of the largest lodging REITs in the United States in terms of the number of rooms and the number hotels that it owns. Unlike traditional full service hotels, compact full-service have fewer meeting spaces and have a limited supply of food and beverage outlets. As a whole, they require fewer employees to operate. RLJ believes that they produce strong returns since they make their money off the rental of rooms rather than add on services.[1]

Because RLJ Lodging invests in hotels, its revenues are primarily affected by two main drivers. First, the fluctuations in real estate and the U.S. Housing Market alter the capital gains that RLJ will receive from the sale of its hotels. Second, the amount of travel and tourist activity will alter the profitability of the hotels that RLJ operates. This is mostly heavily impacted by the disposable income of individuals and the relative performance of companies paying for travel.[2]

The company's initial public offering of stock on the NYSE occurred on May 10, 2011. The company offered 27.5M shares each for $18. This was below the $19-$21 initial price range. This offering raised a total of $495M. The lead underwriter of the IPO were Bank of America (BAC), Barclays (BCS), and Wells Fargo (WFC).[3]

For the full year 2010, RLJ's total revenue was $546M, and it reported a net loss of $45M. The revenue figure was a 13% increase over the previous year, and the 2010 net loss was smaller than the net loss reported in 2009.[4]

References

  1. RLJ S-11/A PROSPECTUS SUMMARY "Overview" pg 1
  2. RLJ S-11/A PROSPECTUS SUMMARY "The US Lodging Industry and Market Opportunity" pg 4-5
  3. Renaissance Capital - IPO Home "Hotel REIT RLJ Lodging Trust prices IPO at $18, below the range" 10 May 2011
  4. RLJ S-11/A PROSPECTUS SUMMARY "Summary Historical and Pro Forma Combined Financial and Operating Data " pg 14
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