Filing Flows › RLJ Lodging Trust (RLJ) › Q4 2025
RLJ Lodging Trust (RLJ) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
RLJ Lodging Trust (RLJ) reported revenue of $329M for the fourth quarter 2025 (Q4 2025), -0.4% from a year earlier and -0.4% from the quarter before. Operating margin was 0.2%, net earnings $549K (0.2% of revenue).
RLJ Lodging Trust, Q4 2025: revenue $329M (-0.4% year over year), operating margin 0.2%, net earnings $549K, operating cash flow $62.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $329M | -0.4% | -0.4% |
| Operating profit | $723K | — | -88% |
| Net earnings | $549K | — | -90% |
| Operating cash flow | $62.9M | -0.7% | -11% |
| Free cash flow | $48.2M | +44% | +16% |
What changed
Revenue was $328.6M in Q4 2025, roughly flat year over year and roughly flat from the previous quarter. Room revenue was the largest line at 80% of revenue.
Operating profit was $723K, a 0.2% margin (down 1.6 points year over year). Total costs grew 1% against flat revenue. Net earnings were $430K, down 92% year over year. The effective tax rate was 24.1%.
Operating cash flow was $62.9M (down 11% year over year), 11453% of net income including minority interests. Non-cash charges added back $47.2M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $11.1M. Capital expenditures of $14.7M left free cash flow of $48.2M.
Questions
What was RLJ Lodging Trust's revenue in the fourth quarter 2025?
RLJ Lodging Trust (RLJ) reported revenue of $329M for the fourth quarter 2025 (Q4 2025), -0.4% from a year earlier and -0.4% from the quarter before.
Was RLJ Lodging Trust profitable in the fourth quarter 2025?
Operating profit was $723K (0.2% of revenue) and net earnings $549K.
Source: RLJ Lodging Trust 10-K on SEC EDGAR.