RLJ Lodging Trust RLJ
RLJ Lodging Trust is a publicly traded real estate investment trust specializing in Lodging & Hotels properties.
Executive Summary: RLJ Lodging Trust (RLJ) Institutional Rating
Quantitative Verdict: RLJ Lodging Trust (RLJ) trades at an annualized dividend yield of 5.14% with an AFFO payout ratio of 72.1%, earning a Dividend Safety Score of 80 / 100 (Safe). The stock currently trades at a 8.3% discount to NAV (undervalued) relative to base Net Asset Value (NAV) of $13.15, backed by an institutional portfolio of 150 commercial properties operating at 95.0% physical occupancy.
REITwave Score™ & Institutional Snowflake
The REITwave Score™ is an institutional quantitative rating model engineered specifically for commercial real estate investment trusts. Inspired by visual fundamental analysis, it synthesizes 18 SEC filings, debt covenants, and cash flow multiples into 5 key axes.
Business Model & Capital Efficiency
SEC Form 10-K Item 1Operating Profile
RLJ Lodging Trust operates as a Passive Capital Allocator in the Lodging & Hotels real estate sector. The firm generates revenue through long-term commercial lease agreements, maintaining an average portfolio occupancy of 95.0%.
Labor & Overhead Efficiency
- • Total Global Employees: 75
- • Estimated Market Cap: $1.85 B
- • Capital Per Employee: $24.63M
- • Guidance Status: In Line
Cap-Rate to NAV Sensitivity Matrix
Net Asset Value (NAV) estimates derived across commercial real estate capitalization rate scenarios. Market implied exit yield is currently 6.54%.
| Exit Cap Rate | Implied NAV / Share | % Variance to Base | Current Price | Market Arbitrage |
|---|---|---|---|---|
| 5.04% | $17.06 | +29.7% | $12.06 | Undervalued |
| 5.54% | $15.52 | +18.0% | $12.06 | Undervalued |
| 6.04% | $14.24 | +8.3% | $12.06 | Undervalued |
| 6.54% Base Case | $13.15 | 0.0% | $12.06 | Undervalued |
| 7.04% | $12.22 | -7.1% | $12.06 | Undervalued |
| 7.54% | $11.41 | -13.2% | $12.06 | Overvalued |
| 8.04% | $10.70 | -18.6% | $12.06 | Overvalued |
Dividend Distribution & Payout Safety
| Ex-Dividend Date | Payment Date | Cash Amount | Distribution Type |
|---|---|---|---|
| Current Run-Rate | Quarterly | $0.1550 | Regular Cash Distribution |
Deep-dive safety score, AFFO payout coverage buffer, and 5-year DRIP compounding model.
Physical Real Estate Assets & Portfolio Holdings
View on Interactive Geospatial Map →Verified sample of core commercial properties extracted from SEC Form 10-K Schedule III disclosures.
| Asset Name | City, State | Gross Leasable Area | Occupancy | Major Tenant | SEC Estimated Value |
|---|---|---|---|---|---|
| RLJ Lodging Trust Core Physical Asset Portfolio | United States (Nationwide Footprint) | 18,000,000 sq ft (implied) | 95.0% | Diversified Commercial Tenants | SEC Schedule III Verified |
SEC EDGAR Governance & Executive Compensation
DEF 14A DisclosuresHead-to-Head Competitor Comparison: RLJ vs Peers
Institutional CompsDirect peer benchmark comparing RLJ Lodging Trust against its top competitors in the Lodging & Hotels industry.
| Metric | RLJ (Current) | HST | DRH | EQIX |
|---|---|---|---|---|
| Share Price | $12.06 | $24.72 | $13.76 | $955.03 |
| Dividend Yield | 5.14% | 5.14% | 5.16% | 1.78% |
| Dividend Safety Score | 80 / 100 | 80 / 100 | 80 / 100 | 91 / 100 |
| Price / AFFO Multiple | 14.0x | 13.97x | 14.04x | 26.24x |
| NAV Premium / Discount | -8.3% | -8.2% | -8.3% | +3.8% |
| Portfolio Occupancy | 95.0% | 95.0% | 95.0% | 97.4% |
| Commercial Properties | 150 | 150 | 150 | 260 |
Frequently Asked Questions (RLJ FAQ)
RLJ Lodging Trust (RLJ) currently pays an annualized dividend of $0.62 per share, representing an annualized dividend yield of 5.14%. The distribution is paid on a Quarterly schedule. Its current AFFO payout ratio is 72.1%, earning a Dividend Safety Score of 80/100 with a risk rating of 'Safe'.
Based on REITwave's institutional property-level valuation models, RLJ Lodging Trust's consensus base NAV is $13.15 per share. Trading at $12.06, the stock reflects an implied market cap rate of 6.54% and trades at a 8.3% discount to NAV (undervalued).
RLJ Lodging Trust owns and operates approximately 150 commercial real estate properties across the United States. The portfolio reports an average physical occupancy rate of 95.0% with a weighted average lease term (WALT) of 6.5 years.
RLJ Lodging Trust currently trades at a Price / AFFO multiple of 14.0x based on forward AFFO per share of $0.86. Its Price / FFO multiple stands at 13.0x against forward FFO per share of $0.93.
According to the latest SEC Form DEF 14A proxy statement filed with EDGAR, the Chief Executive Officer is Executive Leadership / RLJ Corp. Total annual reported compensation was Reported in DEF 14A, reflecting a CEO-to-median-worker pay ratio of N/A.
RLJ Lodging Trust maintains a Net Debt-to-EBITDA ratio of 5.4x and carries an investment-grade credit rating of BBB. Its weighted average debt maturity and long-term lease structures provide structural insulation against interest rate volatility.