RLJ Lodging Trust
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
RLJ$13.26+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets as of March, 202 and December 31,
Consolidated Balance Sheets
(Amounts in thousands, except share and per share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Investment in hotel properties, net | $4,249,341 | $4,136,216 |
| Investment in unconsolidated joint ventures | 7,632 | 7,398 |
| Cash and cash equivalents | 350,237 | 516,675 |
| Restricted cash reserves | 40,721 | 38,652 |
| Hotel and other receivables, net of allowance of $270 and $265, respectively | 26,754 | 26,163 |
| Lease right-of-use assets | 132,276 | 136,140 |
| Prepaid expense and other assets | 82,896 | 58,051 |
| Total assets | $4,889,857 | $4,919,295 |
| Liabilities and Equity | ||
| Debt, net | $2,221,833 | $2,220,778 |
| Accounts payable and other liabilities | 138,634 | 147,819 |
| Advance deposits and deferred revenue | 36,140 | 32,281 |
| Lease liabilities | 120,290 | 122,588 |
| Accrued interest | 12,824 | 22,539 |
| Distributions payable | 22,570 | 22,500 |
| Total liabilities | 2,552,291 | 2,568,505 |
| 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 March 31, 2024 and December 31, 2023 | 366,936 | 366,936 |
| Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 155,819,434 and 155,297,829 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 1,558 | 1,553 |
| Additional paid-in capital | 3,002,588 | 3,000,894 |
| Distributions in excess of net earnings | (1,072,125) | (1,055,183) |
| Accumulated other comprehensive income | 24,944 | 22,662 |
| Total shareholders’ equity | 2,323,901 | 2,336,862 |
| Noncontrolling interests: | ||
| Noncontrolling interest in the Operating Partnership | 6,220 | 6,294 |
| Noncontrolling interest in consolidated joint ventures | 7,445 | 7,634 |
| Total noncontrolling interests | 13,665 | 13,928 |
| Total equity | 2,337,566 | 2,350,790 |
| Total liabilities and equity | $4,889,857 | $4,919,295 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.