RLJ Lodging Trust CFO to retire in May

BETHESDA, Md. - RLJ Lodging Trust (NYSE:RLJ), a self-advised real estate investment trust with a market capitalization of $1.35 billion, announced the upcoming retirement of Executive Vice President and Chief Financial Officer Sean M. Mahoney. After a tenure of seven years with the company and over three decades in the industry, Mahoney will retire in May 2025. The company has demonstrated solid financial performance, with revenue of $1.37 billion in the last twelve months.

During his time with RLJ, Mahoney was recognized for his role in the company’s transformation and portfolio repositioning, contributing to its current success. Under his leadership, RLJ has maintained dividend payments for 15 consecutive years and currently offers a 6.7% dividend yield. Leslie D. Hale, President and CEO of RLJ Lodging Trust, expressed gratitude for Mahoney’s leadership and the strong financial position he helped establish for the company. According to InvestingPro analysis, RLJ currently trades at an attractive valuation with strong financial health metrics.

Mahoney expressed pride in the accomplishments achieved with RLJ and looks forward to dedicating time to family and personal interests following his retirement. He will remain active in his role until May to assist with a smooth transition and will be available as an advisor thereafter. The company is in the process of selecting his successor and will announce the appointment in due course. For detailed analysis of RLJ’s financial health and future prospects, investors can access comprehensive research reports on InvestingPro, which offers exclusive insights and valuation metrics.

RLJ Lodging Trust specializes in owning premium-branded, rooms-oriented hotels in urban markets with multiple demand generators from various travelers. The company’s portfolio is geographically diverse, focusing on urban-centric locations. With a current ratio of 1.24 and liquid assets exceeding short-term obligations, RLJ maintains a solid financial foundation. The company’s strong balance sheet management is reflected in its GOOD financial health score from InvestingPro, which offers detailed analysis of over 1,400 US stocks.

This announcement is based on a press release statement and includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance. RLJ advises investors to review the risk factors and forward-looking statement disclosures in their latest Annual Report and SEC filings.

In other recent news, RLJ Lodging Trust reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of -$0.01, compared to the forecasted -$0.04. The company also exceeded revenue projections, reporting $330 million against the anticipated $323.92 million. These results reflect a strong performance in urban markets, contributing to a 3% increase in total revenue. Notably, RLJ Lodging Trust maintained significant liquidity with over $900 million, supporting its strategic initiatives. The company projects RevPAR growth of 1-3% for 2025, with corporate adjusted EBITDA expected to range from $345 million to $375 million. Analyst firms have yet to update their ratings, but the earnings beat could influence future assessments. Additionally, RLJ Lodging Trust has been active in capital allocation, completing hotel conversions and acquisitions that are expected to drive future growth. The company remains confident in its urban market strategy, anticipating positive growth trends across all demand segments.

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