Filing Flows › RLJ Lodging Trust (RLJ) › Q2 2025
RLJ Lodging Trust (RLJ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
RLJ Lodging Trust (RLJ) reported revenue of $363M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +11% from the quarter before. Operating margin was 8.0%, net earnings $28.6M (7.9% of revenue).
RLJ Lodging Trust, Q2 2025: revenue $363M (-2% year over year), operating margin 8.0%, net earnings $28.6M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $363M | +11% | -2% |
| Operating profit | $29.0M | +736% | -23% |
| Net earnings | $28.6M | +803% | -23% |
| Operating cash flow | $101M | +522% | -11% |
| Free cash flow | $66.1M | — | -12% |
What changed
Revenue was $363.1M in Q2 2025, down 2% year over year and up 11% from the previous quarter. Room Revenue was the largest line at 82% of revenue. Room Revenue lost $7.6M year over year (down 2%), 122% of the total change.
Operating profit was $29.0M, a 8.0% margin (down 2.2 points year over year). Total costs grew 1% against a revenue fall of 2%. Net earnings were $28.5M, down 23% year over year. The effective tax rate was 1.2%.
Operating cash flow was $101.3M (down 11% year over year), 354% of net earnings. Non-cash charges added back $46.4M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $23.4M. Capital expenditures of $35.2M left free cash flow of $66.1M.
Questions
What was RLJ Lodging Trust's revenue in the second quarter 2025?
RLJ Lodging Trust (RLJ) reported revenue of $363M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +11% from the quarter before.
Was RLJ Lodging Trust profitable in the second quarter 2025?
Operating profit was $29.0M (8.0% of revenue) and net earnings $28.6M.
Source: RLJ Lodging Trust 10-Q on SEC EDGAR.