World’s first Black billionaire, Robert L. Johnson, leads trust to $691 million half-year revenue
RLJ Lodging Trust posts $691.2 million H1 revenue, with CEO Robert L. Johnson steering steady results despite margin and occupancy pressures.
RLJ Lodging Trust
World’s first Black billionaire leads real estate trust to $328 million Q1 revenue
RLJ Lodging Trust posted $328.1 million in Q1 revenue, a modest gain, as hotel conversions offset margin pressure, pulling net income down to $3.2 million.
World’s first Black billionaire Robert L. Johnson’s REIT hits $1.3 billion in revenue
RLJ Lodging Trust’s revenue hit $1.37 billion in 2024, but net income dropped 11.2% due to rising costs, despite strategic acquisitions and capital allocation.