RLJ Lodging Trust
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
RLJ$13.26+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2023 and 2022
(Amounts in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Investment in hotel properties, net | $4,136,216 | $4,180,328 |
| Investment in unconsolidated joint ventures | 7,398 | 6,979 |
| Cash and cash equivalents | 516,675 | 481,316 |
| Restricted cash reserves | 38,652 | 55,070 |
| Hotel and other receivables, net of allowance of $265 and $319, respectively | 26,163 | 38,528 |
| Lease right-of-use assets | 136,140 | 136,915 |
| Prepaid expense and other assets | 58,051 | 79,089 |
| Total assets | $4,919,295 | $4,978,225 |
| Liabilities and Equity | ||
| Debt, net | $2,220,778 | $2,217,555 |
| Accounts payable and other liabilities | 147,819 | 155,916 |
| Advance deposits and deferred revenue | 32,281 | 23,769 |
| Lease liabilities | 122,588 | 117,010 |
| Accrued interest | 22,539 | 20,707 |
| Distributions payable | 22,500 | 14,622 |
| Total liabilities | 2,568,505 | 2,549,579 |
| Commitments and Contingencies (Note 10) | ||
| Equity | ||
| Shareholders’ equity: | ||
| Preferred shares of beneficial interest, $0.01 par value, 50,000,000 shares authorized | ||
| Series A Cumulative Convertible Preferred Shares, $0.01 par value, 12,950,000 shares authorized; 12,879,475 shares issued and outstanding, liquidation value of $328,266, at December 31, 2023 and 2022 | 366,936 | 366,936 |
| Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 155,297,829 and 162,003,533 shares issued and outstanding at December 31, 2023 and 2022, respectively | 1,553 | 1,620 |
| Additional paid-in capital | 3,000,894 | 3,054,958 |
| Accumulated other comprehensive income | 22,662 | 40,591 |
| Distributions in excess of net earnings | (1,055,183) | (1,049,441) |
| Total shareholders’ equity | 2,336,862 | 2,414,664 |
| Noncontrolling interest: | ||
| Noncontrolling interest in consolidated joint ventures | 7,634 | 7,669 |
| Noncontrolling interest in the Operating Partnership | 6,294 | 6,313 |
| Total noncontrolling interest | 13,928 | 13,982 |
| Total equity | 2,350,790 | 2,428,646 |
| Total liabilities and equity | $4,919,295 | $4,978,225 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.