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RLJPA.PFD (RLJ Lodging Trust) Piotroski F-Score : 5 (As of Mar. 02, 2025)


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What is RLJ Lodging Trust Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

RLJ Lodging Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for RLJ Lodging Trust's Piotroski F-Score or its related term are showing as below:

RLJpA.PFD' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of RLJ Lodging Trust was 8. The lowest was 3. And the median was 6.


RLJ Lodging Trust Piotroski F-Score Historical Data

The historical data trend for RLJ Lodging Trust's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RLJ Lodging Trust Piotroski F-Score Chart

RLJ Lodging Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 6.00 8.00 6.00 5.00

RLJ Lodging Trust Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 5.00 5.00 5.00

Competitive Comparison of RLJ Lodging Trust's Piotroski F-Score

For the REIT - Hotel & Motel subindustry, RLJ Lodging Trust's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RLJ Lodging Trust's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, RLJ Lodging Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where RLJ Lodging Trust's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 4.937 + 37.106 + 20.602 + 5.376 = $68.02 Mil.
Cash Flow from Operations was 20.767 + 113.527 + 80.099 + 71.026 = $285.42 Mil.
Revenue was 324.41 + 369.297 + 345.744 + 329.989 = $1,369.44 Mil.
Gross Profit was 83.099 + 115.718 + 97.993 + 87.645 = $384.46 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(4919.295 + 4889.857 + 4918.027 + 4887.991 + 4883.879) / 5 = $4899.8098 Mil.
Total Assets at the begining of this year (Dec23) was $4,919.30 Mil.
Long-Term Debt & Capital Lease Obligation was $2,339.18 Mil.
Total Current Assets was $497.79 Mil.
Total Current Liabilities was $246.42 Mil.
Net Income was 10.645 + 41.395 + 16.43 + 7.935 = $76.41 Mil.

Revenue was 314.503 + 356.96 + 334.406 + 319.708 = $1,325.58 Mil.
Gross Profit was 88.861 + 120.422 + 93.931 + 87.467 = $390.68 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(4978.225 + 4931.952 + 4932.5 + 4940.342 + 4919.295) / 5 = $4940.4628 Mil.
Total Assets at the begining of last year (Dec22) was $4,978.23 Mil.
Long-Term Debt & Capital Lease Obligation was $2,343.37 Mil.
Total Current Assets was $639.54 Mil.
Total Current Liabilities was $225.14 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

RLJ Lodging Trust's current Net Income (TTM) was 68.02. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

RLJ Lodging Trust's current Cash Flow from Operations (TTM) was 285.42. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=68.021/4919.295
=0.01382739

ROA (Last Year)=Net Income/Total Assets (Dec22)
=76.405/4978.225
=0.01534784

RLJ Lodging Trust's return on assets of this year was 0.01382739. RLJ Lodging Trust's return on assets of last year was 0.01534784. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

RLJ Lodging Trust's current Net Income (TTM) was 68.02. RLJ Lodging Trust's current Cash Flow from Operations (TTM) was 285.42. ==> 285.42 > 68.02 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2339.183/4899.8098
=0.47740282

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=2343.366/4940.4628
=0.47432115

RLJ Lodging Trust's gearing of this year was 0.47740282. RLJ Lodging Trust's gearing of last year was 0.47432115. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=497.787/246.419
=2.02008368

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=639.541/225.139
=2.84064955

RLJ Lodging Trust's current ratio of this year was 2.02008368. RLJ Lodging Trust's current ratio of last year was 2.84064955. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

RLJ Lodging Trust's number of shares in issue this year was 0. RLJ Lodging Trust's number of shares in issue last year was 0. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=384.455/1369.44
=0.28073884

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=390.681/1325.577
=0.29472524

RLJ Lodging Trust's gross margin of this year was 0.28073884. RLJ Lodging Trust's gross margin of last year was 0.29472524. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=1369.44/4919.295
=0.27838135

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1325.577/4978.225
=0.26627503

RLJ Lodging Trust's asset turnover of this year was 0.27838135. RLJ Lodging Trust's asset turnover of last year was 0.26627503. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+0+1+0+1
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

RLJ Lodging Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.

RLJ Lodging Trust  (NYSE:RLJpA.PFD) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


RLJ Lodging Trust Piotroski F-Score Related Terms

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RLJ Lodging Trust Business Description

Traded in Other Exchanges
Address
7373 Wisconsin Avenue, Suite 1500, Bethesda, MD, USA, 20814
RLJ Lodging Trust is a real estate investment trust that acquires focused-service and compact full-service hotels. Its portfolio consists of hotels in various states across the United States and the District of Columbia. Its hotels are under the Marriott, Hilton, and Hyatt brand names. These hotels are concentrated in urban areas, dense suburban markets, and business districts within metropolitan areas. Its revenue streams include hotel operations revenue, which is composed of the sale of rooms, food, and beverages, and other property revenue. The company derives the substantial majority of its revenue from the operation of hotels.