- RLJ Lodging Trust is out of cash burn mode and delivered its first positive funds from operations since the start of the pandemic.
- Occupancy and daily rates are still below 2019 levels due to business travel remaining weak.
- If optimistic industry forecasts for 2022 are achieved, RLJ should be able to raise the common dividend but not to pre-pandemic levels.
- Business travel recovery remains uncertain and growth strategy is modest, so preferred shares are a better choice for income investors.
For further details see:
RLJ Lodging Trust: Common Dividend Should Return Soon But Stick With Preferred