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SEC Filings

8-K
RLJ LODGING TRUST filed this Form 8-K on 08/07/2018
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RLJ Lodging Trust
Consolidated Balance Sheets
(Amounts in thousands, except share and per share data)
(unaudited)
 
June 30,
2018
 
December 31, 2017
Assets
 

 
 

Investment in hotel properties, net
$
5,534,069

 
$
5,791,925

Investment in unconsolidated joint ventures
23,488

 
23,885

Cash and cash equivalents
382,455

 
586,470

Restricted cash reserves
78,222

 
72,606

Hotel and other receivables, net of allowance of $649 and $510, respectively
73,617

 
60,011

Deferred income tax asset, net
55,632

 
56,761

Intangible assets, net
125,453

 
133,211

Prepaid expense and other assets
74,870

 
69,936

Assets of hotel properties held for sale, net
99,415

 

Total assets
$
6,447,221

 
$
6,794,805

Liabilities and Equity
 

 
 

Debt, net
$
2,569,066

 
$
2,880,488

Accounts payable and other liabilities
208,336

 
225,664

Deferred income tax liability
5,547

 
5,547

Advance deposits and deferred revenue
31,725

 
30,463

Accrued interest
8,126

 
17,081

Distributions payable
65,852

 
65,284

Total liabilities
2,888,652

 
3,224,527

Equity
 

 
 

Shareholders’ equity:
 

 
 

Preferred shares of beneficial interest, $0.01 par value, 50,000,000 shares authorized
 
 
 
Series A Cumulative Convertible Preferred Shares, $0.01 par value, 12,950,000 shares authorized; 12,879,475 shares issued and outstanding, liquidation value of $328,266, at June 30, 2018 and December 31, 2017
366,936

 
366,936

Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 175,278,298 and 174,869,046 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively
1,753

 
1,749

Additional paid-in capital
3,213,049

 
3,208,002

Accumulated other comprehensive income
33,639

 
8,846

Distributions in excess of net earnings
(123,808
)
 
(82,566
)
Total shareholders’ equity
3,491,569

 
3,502,967

Noncontrolling interest:
 

 
 

Noncontrolling interest in consolidated joint ventures
11,595

 
11,700

Noncontrolling interest in the Operating Partnership
10,975

 
11,181

Total noncontrolling interest
22,570

 
22,881

Preferred equity in a consolidated joint venture, liquidation value of $45,487 and $45,430 at June 30, 2018 and December 31, 2017, respectively
44,430

 
44,430

Total equity
3,558,569

 
3,570,278

Total liabilities and equity
$
6,447,221

 
$
6,794,805


Note:
The corresponding notes to the consolidated financial statements can be found in the Company’s Quarterly Report on Form 10-Q.








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