RLJ — what changed in the latest 10-Q
A section-by-section comparison of RLJ's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-04 vs the prior 10-Q · 2025-11-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +34 | −66 | ~16 | 28 |
| Market risk (Item 3) | Text added/removed | +3 | −2 | ~4 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-04
•The completion of a series of refinancing transactions that will allow us to repay the 2026 Senior Notes prior to maturity in July 2026, including:
•The refinancing of two mortgage loans that previously totaled approximately $154.8 million to extend the initial maturities to April 2029 and provide incremental proceeds of $9.6 million, consisting of $23.4 million in additional proceeds and $13.8 million in principal paydowns.
•The recast of our $600.0 million Revolver to extend the initial maturity to February 2030.
•The refinancing of a term loan to extend the scheduled maturity to February 2031 and upsize it to a $569.0 million delayed draw term loan, of which $225.0 million has been funded and $344.0 million of commitments remain available to be drawn by us.
•The issuance of a new $150.0 million delayed draw term loan which matures in February 2033.
Text removed vs the prior filing · source: 10-Q · 2025-11-06
events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements.
•Sold one hotel property for a sales price of $24.3 million.
•Refinanced a term loan to increase the term loan to $300.0 million and extend the initial maturity to April 2028.
•Paid off the $100.0 million outstanding balance on our Revolver using the incremental $100.0 million in proceeds from the refinanced term loan.
•Exercised the final one-year extension options on $181.0 million in mortgage loans to extend the maturities to April 2026.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-04
(2)Excludes $1.0 million related to a fair value adjustment on debt from purchase price allocation at hotel property acquisition.
(3)The principal repayments for 2026 include our 2026 Senior Notes maturing in July 2026, which we intend to repay prior to maturity using the incremental proceeds from our first quarter 2026 refinancing transactions, as discussed in Note 6, Debt, to our accompanying consolidated financial statement…
(4)The weighted-average interest rate gives effect to interest rate swaps, as applicable.
Text removed vs the prior filing · source: 10-Q · 2025-11-06
(2)Excludes $1.2 million related to a fair value adjustment on debt.
(3)The weighted-average interest rate gives effect to interest rate swaps, as applicable.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice