RLJ Lodging Trust Announces Dividends for Second Quarter of 2020
June 15 2020 - 9:00AM
Business Wire
RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced
that its Board of Trustees has declared a quarterly cash dividend
of $0.01 per common share of beneficial interest. The dividend is
payable on July 15, 2020, to shareholders of record as of June 30,
2020.
The Board of Trustees also declared a quarterly cash dividend of
$0.4875 on the Company’s Series A Preferred Shares. The dividend is
payable on July 31, 2020, to shareholders of record as of June 30,
2020.
About Us
RLJ Lodging Trust is a self-advised, publicly traded real estate
investment trust that owns primarily premium-branded, high-margin,
focused-service and compact full-service hotels. The Company's
portfolio consists of 103 hotels with approximately 22,570 rooms,
located in 23 states and the District of Columbia and an ownership
interest in one unconsolidated hotel with 171 rooms.
Forward Looking
Statements
The following information contains certain statements, other
than purely historical information, including estimates,
projections, statements relating to the Company’s business plans,
objectives and expected operating results, measures being taken in
response to the COVID-19 pandemic, and the impact of the COVID-19
pandemic on our business, and the assumptions upon which those
statements are based, that are “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements generally are identified by the
use of the words “believe,” “project,” “expect,” “anticipate,”
“estimate,” “plan,” “may,” “will,” “will continue,” “intend,”
“should,” or similar expressions. Although the Company believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, beliefs and expectations,
such forward-looking statements are not predictions of future
events or guarantees of future performance and the Company’s actual
results could differ materially from those set forth in the
forward-looking statements. Some factors that might cause such a
difference include the following: the current global economic
uncertainty and a worsening of global economic conditions or low
levels of economic growth; the duration and scope of the COVID-19
pandemic and its impact on the demand for travel and on levels of
consumer confidence; actions governments, businesses and
individuals take in response to the pandemic, including limiting or
banning travel; the impact of the COVID-19 pandemic and actions
taken in response to the pandemic on global and regional economies,
travel, and economic activity; the pace of recovery when the
COVID-19 pandemic subsides; the effects of steps we and our third
party management partners take to reduce operating costs; increased
direct competition, changes in government regulations or accounting
rules; changes in local, national and global real estate
conditions; declines in the lodging industry, including as a result
of the COVID-19 pandemic; seasonality of the lodging industry;
risks related to natural disasters, such as earthquakes and
hurricanes; hostilities, including future terrorist attacks or fear
of hostilities that affect travel; the Company’s ability to obtain
lines of credit or permanent financing on satisfactory terms;
changes in interest rates; access to capital through offerings of
the Company’s common and preferred shares of beneficial interest,
or debt; the Company’s ability to identify suitable acquisitions;
the Company’s ability to close on identified acquisitions and
integrate those businesses; and inaccuracies of the Company’s
accounting estimates. Given these uncertainties, undue reliance
should not be placed on such statements. Except as required by law,
the Company undertakes no obligation to update or revise publicly
any forward-looking statements, whether as a result of new
information, future events or otherwise. The Company cautions
investors not to place undue reliance on these forward-looking
statements and urge investors to carefully review the disclosures
the Company makes concerning risks and uncertainties in the
sections entitled “Risk Factors,” “Forward-Looking Statements,” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in the Company’s Annual Report, as well as
risks, uncertainties and other factors discussed in other documents
filed by the Company with the Securities and Exchange
Commission.
For additional information or to receive press
releases via email, please visit our website:
http://www.rljlodgingtrust.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200615005148/en/
Sean M. Mahoney, Executive Vice President and Chief Financial
Officer – (301) 280-7774
RLJ Lodging (NYSE:RLJ)
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