Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per common share

The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):

	For the three months ended March 31,
	2023		2022
Numerator:
Net income (loss) attributable to RLJ	$	10,645	$	(15,247)
Less: Preferred dividends	(6,279)		(6,279)
Less: Dividends paid on unvested restricted shares	(202)		(26)
Net income (loss) attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	4,164	$	(21,552)
Denominator:
Weighted-average number of common shares - basic	159,483,268		164,179,661
Unvested restricted shares	568,125		—
Unvested performance units	92,355		—
Weighted-average number of common shares - diluted	160,143,748		164,179,661
Net income (loss) per share attributable to common shareholders - basic	$	0.03	$	(0.13)
Net income (loss) per share attributable to common shareholders - diluted	$	0.03	$	(0.13)