Print Page  Close Window

SEC Filings

10-K
RLJ LODGING TRUST filed this Form 10-K on 03/01/2019
Entire Document
 << Previous Page | Next Page >>

 
For the year ended December 31,
 
2018
 
2017
 
2016
 
2015
 
2014
 
(In thousands, except share and per share data)
Statements of Operations Data:
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
Room revenue
$
1,473,047

 
$
1,146,882

 
$
1,010,637

 
$
985,361

 
$
969,402

Other property revenue
288,177

 
209,379

 
149,358

 
150,979

 
139,795

Total revenues
1,761,224

 
1,356,261

 
1,159,995

 
1,136,340

 
1,109,197

Expenses
 
 
 
 
 
 
 
 
 
Room expense
364,820

 
270,729

 
228,656

 
220,101

 
213,071

Other property expense
712,409

 
541,142

 
439,453

 
437,545

 
433,274

Total property operating expenses
1,077,229

 
811,871

 
668,109

 
657,646

 
646,345

Depreciation and amortization
241,641

 
186,993

 
162,500

 
156,226

 
144,294

Impairment loss

 

 

 
1,003

 
9,200

Property tax, insurance and other
135,059

 
91,406

 
77,281

 
76,682

 
71,443

General and administrative
49,195

 
40,453

 
31,516

 
37,810

 
41,671

Transaction costs
2,057

 
44,398

 
192

 
3,058

 
4,850

Total operating expenses
1,505,181

 
1,175,121

 
939,598

 
932,425

 
917,803

Interest income, other income and other gains, net
13,678

 
5,926

 
1,998

 
3,161

 
2,688

Interest expense
(101,643
)
 
(78,322
)
 
(58,820
)
 
(54,788
)
 
(56,810
)
Gain on sale of hotel properties, net
30,941

 
8,980

 
45,929

 
28,398

 
353

Income before equity in income from unconsolidated joint ventures and income tax (expense) benefit
199,019

 
117,724

 
209,504

 
180,686

 
137,625

Equity in income from unconsolidated joint ventures
636

 
133

 

 

 

Income tax (expense) benefit
(8,793
)
 
(42,118
)
 
(8,190
)
 
39,126

 
(1,145
)
Net income
190,862

 
75,739

 
201,314

 
219,812

 
136,480

Net income attributable to noncontrolling interests
(2,219
)
 
(904
)
 
(962
)
 
(1,591
)
 
(1,039
)
Preferred dividends
(25,115
)
 
(8,372
)
 

 

 

Net income attributable to common shareholders
$
163,528

 
$
66,463

 
$
200,352

 
$
218,221

 
$
135,441



39

 << Previous Page | Next Page >>