Symbol: RLJ
CIK: 1511337
Exchange: NYSE
Preferred Stock: RLJ-A
Founded: 2000 (26 years)
HQ: Bethesda, MD, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Hotel, Resorts
Internally Managed REIT
See RLJ on Yahoo Finance
See RLJ on SEC.gov
RLJ Lodging Trust (NYSE: RLJ) is a publicly traded real estate investment trust that owns and invests primarily in premium-branded, upper-upscale and luxury hotels in the United States. The company’s strategy centers on acquiring, financing and selectively disposing of full-service and select-service hotel properties to generate income and long-term capital appreciation. RLJ typically partners with established hotel operators and brands to drive operating performance, implement capital improvements, and pursue value‑enhancing initiatives. As a REIT, it distributes a portion of taxable income to shareholders and is subject to industry cyclicality tied to travel demand, commercial real estate trends, and macroeconomic conditions. The firm’s performance and portfolio composition evolve through acquisitions, dispositions and asset-level capital projects.
Below are the latest RLJ dividend details. Annualized Dividend projects the current dividend rate over a full year, while TTM Dividend shows the total dividends paid over the past 12 months. The Ex-Dividend Date is the cutoff to qualify for the next dividend, and the Dividend Date is when that payment is made.
Below are the most recent cash dividends paid by RLJ. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| RLJ | 2026-09-30 | 0.150 | --- | 2026-09-15 | 2026-09-30 | 2026-10-15 |
| RLJ | 2026-06-30 | 0.150 | --- | 2026-06-15 | 2026-06-30 | 2026-07-15 |
| RLJ | 2026-03-31 | 0.150 | --- | 2026-03-13 | 2026-03-31 | 2026-04-15 |
| RLJ | 2025-12-31 | 0.150 | --- | 2025-12-15 | 2025-12-31 | 2026-01-15 |
| RLJ | 2025-09-30 | 0.150 | --- | 2025-09-15 | 2025-09-30 | 2025-10-15 |
| RLJ | 2025-06-30 | 0.150 | --- | 2025-06-13 | 2025-06-30 | 2025-07-15 |
| RLJ | 2025-03-31 | 0.150 | --- | 2025-03-14 | 2025-03-31 | 2025-04-15 |
| RLJ | 2024-12-31 | 0.150 | --- | 2024-12-13 | 2024-12-31 | 2025-01-15 |
| RLJ | 2024-09-30 | 0.150 | 50.00% | 2024-08-01 | 2024-09-30 | 2024-10-15 |
| RLJ | 2024-06-28 | 0.100 | --- | 2024-06-14 | 2024-06-28 | 2024-07-15 |
| RLJ | 2024-03-27 | 0.100 | --- | 2024-03-15 | 2024-03-29 | 2024-04-15 |
| RLJ | 2023-12-28 | 0.100 | --- | 2023-12-15 | 2023-12-29 | 2024-01-16 |
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.
Below are the FFO amounts, dividends, payout ratios, and P/FFO for the last two quarters for RLJ. Compare FFO to other REITs at REITFFO.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio | Annualized P/FFO |
|---|---|---|---|---|---|---|
| 2026 | Q2 | AFFO | $0.52 | $0.15 | 28.85% | 5.7x |
| 2026 | Q1 | AFFO | $0.42 | $0.15 | 35.71% | 4.42x |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information. The “Payout Ratio” is calculated by dividing the “Dividends Paid” column by the “FFO Amount” column. Some REITs may have two types of FFO (eg. FFO and Modified FFO) while others may have just one type of FFO.
Sample of REIT’s Properties. Image Source - REIT’s website
Below are RLJ’s reported occupancy rates for the two most recent quarters, allowing you to quickly track changes in portfolio occupancy over time.
| Year | Quarter | Occupancy |
|---|---|---|
| 2026 | Q2 | 77% |
| 2026 | Q1 | 70.8% |
Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $6.95 per share you would have been able to buy 143 shares of RLJ on 2025-10-23 costing $993.85 | @ $6.95 per share you would have been able to buy 71 shares of RLJ on 2025-10-23 costing $493.45 | @ $6.95 per share you would have been able to buy 35 shares of RLJ on 2025-10-23 costing $243.25 | @ $6.95 per share you would have been able to buy 14 shares of RLJ on 2025-10-23 costing $97.30 | @ $6.95 per share you would have been able to buy 7 shares of RLJ on 2025-10-23 costing $48.65 |
| Current worth | On 2026-10-22 these 143 shares would be worth $1,736.74 @ $12.15 | On 2026-10-22 these 71 shares would be worth $862.30 @ $12.15 | On 2026-10-22 these 35 shares would be worth $425.08 @ $12.15 | On 2026-10-22 these 14 shares would be worth $170.03 @ $12.15 | On 2026-10-22 these 7 shares would be worth $85.02 @ $12.15 |
| Dividends earned | $85.80 in dividends would have been earned since 2025-10-23 with 143 shares. | $43 in dividends would have been earned since 2025-10-23 with 71 shares. | $21.00 in dividends would have been earned since 2025-10-23 with 35 shares. | $8.40 in dividends would have been earned since 2025-10-23 with 14 shares. | $4.20 in dividends would have been earned since 2025-10-23 with 71 shares. |
| Net (gain / loss)* | 828.69 USD | 411.45 USD | 202.83 USD | 81.13 USD | 40.57 USD |
| ROI** | 83.38% | 83.38% | 83.38% | 83.38% | 83.38% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.