RLJ earnings analysis
What we found in RLJ's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
RLJ reported Q2 revenue of $382.988 million and diluted EPS of $0.16; revenue exceeded the supplied $368.235 million consensus estimate, while EPS materially missed the $0.44 estimate. The filing highlights significant interest-rate sensitivity, with approximately $1.7 billion, or 62.2%, of debt at variable rates and an estimated $8.5 million annual earnings and cash-flow impact from a 100-basis-point rate increase. The company has substantial near-term maturities, including $500.0 million of variable-rate debt due in 2027, while no new material risk-factor changes were disclosed.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Accelerated
- Q2 revenue was $382.988 million, up from $339.98 million in Q1 2026 and $363 million in Q2 2025 based on the supplied quarterly history and earnings data.
- Most Debt Effectively Fixed
- After interest-rate swaps, 60.9% of total indebtedness was fixed or effectively fixed as of June 30, 2026, providing partial protection against floating-rate exposure.
- Controls Remained Effective
- Management stated that disclosure controls and procedures were effective as of June 30, 2026, and reported no changes in internal controls that materially affected, or were reasonably likely to materially affect, reporting controls.
- Repurchase Authorization Expanded
- The company approved a 2026 share repurchase program for up to $250.0 million, expiring May 8, 2027. No shares were purchased under publicly announced programs during the quarter; 46,086 shares were surrendered for employee tax obligations.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Material Floating-Rate Exposure
- RLJ had approximately $1.7 billion of variable-rate debt, equal to 62.2% of total indebtedness, with a weighted-average rate of 5.31%. A 100-basis-point increase in applicable rates would reduce future earnings and cash flows by approximately $8.5 million annually.
- Near-Term Refinancing Needs
- The debt maturity schedule includes $500.0 million of variable-rate debt due in 2027 and $300.0 million due in 2028, in addition to $500.0 million of fixed-rate debt maturing in 2026. The filing also notes that the $500.0 million of 2026 Senior Notes were repaid at maturity on July 1, 2026 using proceeds from refinancing transactions.
- Debt Fair-Value Sensitivity
- The estimated fair value of fixed-rate debt was $999.9 million as of June 30, 2026; a 100-basis-point increase in rates would lower that fair value by approximately $15.2 million, although the filing states this would not affect the consolidated financial statements.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.16
What they said about what is next.
No quantitative operating or earnings outlook was provided in the extracted 10-Q text. Prior analysis cited full-year Adjusted FFO guidance of $1.29-$1.45 per diluted share, but this filing excerpt does not confirm whether that guidance was maintained.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 4, 2026
- RLJ Lodging Trust's Q1 2026 results show a 3.62% year-over-year revenue increase to $339.98 million, exceeding estimates. However, they reported a net loss per share of -$0.05, well below the expected $0.24,…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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