$RLJ Lodging Trust (RLJ.US)$Revenue shrank sharply by 70% in...
$RLJ Lodging Trust(RLJ.US$Revenue shrank sharply by 70% in 2020, then recovered rapidly in the next two years, reaching 76% of 2019 in 2022. Operating profit lost two years in 2020 and 2021, reversed losses in 2022 to 52% of 2019, and similarly, net profit reached 33% in 2019.
In the first two quarters of 2023, revenue increased 17.1%, operating profit increased 60%, and net profit nearly tripled.
Long-term loans of 2,219 billion yuan are 92% of the net assets of 2.4 billion yuan, and the leverage ratio is quite normal within the sector.
Over the past five years, the cumulative net operating cash flow has greatly exceeded the net investment amount, and shareholders' surpluses are high.
Currently, the price-earnings ratio is 101.5, and the price-earnings ratio has dropped to 31.7. If the two years of the epidemic are not calculated, the average net profit for another 3 years is 120 million, corresponding price-earnings ratio of 13.3, dividend ratio of 2.6%, and net price-earnings ratio of 0.79, which is not very attractive overall.
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