RLJ Lodging Trust Announces Dividends for Fourth Quarter of 2021
Bethesda, MD, December 15, 2021
Bethesda, MD, December 15, 2021 – RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today
announced that its Board of Trustees has declared a quarterly cash dividend of $0.01 per
common share of beneficial interest. The dividend is payable on January 18, 2022 to
shareholders of record as of December 31, 2021.
The Board of Trustees also declared a quarterly cash dividend of $0.4875 on the Company’s
Series A Preferred Shares. The dividend is payable on January 31, 2022 to shareholders of record
as of December 31, 2021.
About Us
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns
primarily premium-branded, high-margin, focused-service and compact full-service hotels. The
Company’s portfolio currently consists of 97 hotels with approximately 22,100 rooms, located in
22 states and the District of Columbia and an ownership interest in one unconsolidated hotel with
171 rooms.
Forward-Looking Statements
This information contains certain statements, other than purely historical information, including
estimates, projections, statements relating to the Company’s business plans, objectives and
expected operating results, measures being taken in response to the COVID-19 pandemic, and the
impact of the COVID-19 pandemic on our business, and the assumptions upon which those
statements are based, that are “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking
statements generally are identified by the use of the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “plan,” “may,” “will,” “will continue,” “intend,” “should,” or similar
expressions. Although the Company believes that the expectations reflected in such forward
looking statements are based upon reasonable assumptions, beliefs and expectations, such
forward-looking statements are not predictions of future events or guarantees of future
performance and the Company’s actual results could differ materially from those set forth in the
forward-looking statements. Some factors that might cause such a difference include the following:
the current global economic uncertainty and a worsening of global economic conditions or low
levels of economic growth; the duration and scope of the COVID-19 pandemic and its impact on
the demand for travel and on levels of consumer confidence; actions governments, businesses and
individuals take in response to the pandemic, including limiting or banning travel; the impact of
the pandemic on global and regional economies, travel, and economic activity; the speed and
effectiveness of vaccine and treatment developments and their deployment, including public
adoption rates of COVID-19 vaccines and booster shots, and their effectiveness against emerging
variants of COVID-19, such as the Delta variant; the pace of recovery when the COVID-19
pandemic subsides; the effects of steps we and our third party management partners take to reduce
operating costs; increased direct competition, changes in government regulations or accounting
rules; changes in local, national and global real estate conditions; declines in the lodging industry,
including as a result of the COVID-19 pandemic; seasonality of the lodging industry; risks related
to natural disasters, such as earthquakes and hurricanes; hostilities, including future terrorist
attacks or fear of hostilities that affect travel and epidemics and/or pandemics, including COVID19; the Company’s ability to obtain lines of credit or permanent financing on satisfactory terms;
changes in interest rates; inflation; access to capital through offerings of the Company’s common
and preferred shares of beneficial interest, or debt; the Company’s ability to identify suitable
acquisitions; the Company’s ability to close on identified acquisitions and integrate those
businesses; and inaccuracies of the Company’s accounting estimates. Moreover, investors are
cautioned to interpret many of the risks identified under the section entitled "Risk Factors" in the
Company’s Form 10-K for the year ended December 31, 2020 as being heightened as a result of
the ongoing and numerous adverse impacts of the COVID-19 pandemic. Given these uncertainties,
undue reliance should not be placed on such statements. Except as required by law, the Company
undertakes no obligation to update or revise publicly any forward-looking statements, whether as
a result of new information, future events or otherwise. The Company cautions investors not to
place undue reliance on these forward looking statements and urges investors to carefully review
the disclosures the Company makes concerning risks and uncertainties in the sections entitled
“Risk Factors,” “Forward- Looking Statements,” and “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” in the Company’s Annual Report, as well as
risks, uncertainties and other factors discussed in other documents filed by the Company with the
Securities and Exchange Commission.
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Additional Contact:
Sean M. Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7774
For additional information or to receive press releases via email, please visit our website:
http://www.rljlodgingtrust.com
RLJ Lodging Trust
Symbol: RLJ
CIK: 1511337
Exchange: NYSE
Founded: 2000 (24 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Hotel, Resorts
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
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Last updated: 2024-11-21 - v1.3