Market Cap 1.61B
Revenue (ttm) 1.35B
Net Income (ttm) 28.51M
EPS (ttm) N/A
PE Ratio 7.53
Forward PE 8.66
Profit Margin 2.11%
Debt to Equity Ratio 1.02
Volume 2,545,103
Avg Vol 2,510,050
Day's Range N/A - N/A
Shares Out 151.93M
Stochastic %K 91%
Beta 1.13
Analysts Hold
Price Target $9.07

Company Profile

RLJ Lodging Trust (RLJ) is a self-advised, publicly traded real estate investment trust. It owns 92 premium-branded, rooms-oriented, high-margin, urban-centric hotels located within the heart of demand locations. Our hotels are geographically diverse and concentrated in major urban markets that provide multiple demand generators from business, leisure, and other travelers. RLJ Lodging Trust was incorporated in 2011 and is based in Bethesda, United States.

Industry: REIT - Hotel & Motel
Sector: Real Estate
Phone: 301 280 7777
Fax: 301 280 7750
Address:
7373 Wisconsin Avenue, Suite 1500, Bethesda, United States
Trader_Ty
Trader_Ty Jun. 2 at 6:48 PM
$RLJ beautiful boring trend with swing highs today 🙏
0 · Reply
SuperGreenToday
SuperGreenToday May. 27 at 7:16 PM
$RLJ Share Price: $9.94 Contract Selected: Nov 20, 2026 $10 Calls Buy Zone: $0.51 – $0.63 Target Zone: $0.96 – $1.17 Potential Upside: 77% ROI Time to Expiration: 176 Days | Updates via https://fxcapta.com/stockinfo/
0 · Reply
Laynester
Laynester May. 22 at 11:52 AM
$RLJ $DHC Two real estate hammers! Let's grow...up on both. RLJ: 6% DIVIDEND too. Set a stop good to all. 100%--->🦬
0 · Reply
Trader_Ty
Trader_Ty May. 21 at 6:20 PM
$RLJ 2:1 sold today
0 · Reply
Trader_Ty
Trader_Ty May. 19 at 2:21 PM
$RLJ on track
0 · Reply
Trader_Ty
Trader_Ty May. 13 at 7:31 PM
$RLJ Chillin here in the green still
0 · Reply
BillionerOfKing
BillionerOfKing May. 12 at 4:49 PM
$RLJ Current Stock Price: $8.82 Contracts to trade: $10.0 RLJ May 15 2026 Call Entry: $0.09 Exit: $0.12 ROI: 37% Hold ~31 days Shared as daily free alerts and for educational purposes only. https://dailypickai.com/freealerts
0 · Reply
Trader_Ty
Trader_Ty May. 5 at 6:45 PM
0 · Reply
Trader_Ty
Trader_Ty May. 5 at 6:43 PM
$RLJ 👀
0 · Reply
StocktwitsEarnings
StocktwitsEarnings May. 4 at 1:00 PM
$RLJ Q1 '26 Earnings Results & Recap RLJ Lodging Trust is updating its full-year 2026 outlook, raising Comparable RevPAR growth to +1.5% to +3.5% and Adjusted FFO per diluted share to $1.29 to $1.45, incorporating first quarter outperformance.
0 · Reply
Latest News on RLJ
RLJ Lodging Trust Slides: Investor presentation

May 5, 2026, 1:30 PM EDT - 4 weeks ago

RLJ Lodging Trust Slides: Investor presentation


RLJ Lodging Trust Earnings Call Transcript: Q1 2026

May 4, 2026, 11:00 AM EDT - 5 weeks ago

RLJ Lodging Trust Earnings Call Transcript: Q1 2026


RLJ Lodging Trust Earnings release: Q1 2026

May 4, 2026, 11:00 AM EDT - 5 weeks ago

RLJ Lodging Trust Earnings release: Q1 2026


RLJ Lodging Trust Quarterly report: Q1 2026

May 4, 2026, 11:00 AM EDT - 5 weeks ago

RLJ Lodging Trust Quarterly report: Q1 2026


RLJ Lodging Trust Slides: Q1 2026

May 4, 2026, 11:00 AM EDT - 5 weeks ago

RLJ Lodging Trust Slides: Q1 2026


RLJ Lodging Trust reports Q1 adjusted FFO 33c, consensus 27c

2026-05-04T11:38:46.000Z - 5 weeks ago

RLJ Lodging Trust reports Q1 adjusted FFO 33c, consensus 27c


RLJ Lodging Trust Reports First Quarter 2026 Results

May 4, 2026, 7:30 AM EDT - 5 weeks ago

RLJ Lodging Trust Reports First Quarter 2026 Results


RLJ Lodging Trust price target lowered to $7 from $8 at Truist

2026-04-06T12:57:05.000Z - 2 months ago

RLJ Lodging Trust price target lowered to $7 from $8 at Truist


RLJ Lodging Trust initiated with a Neutral at Ladenburg

2026-03-26T11:07:55.000Z - 2 months ago

RLJ Lodging Trust initiated with a Neutral at Ladenburg


RLJ Lodging Trust Proxy statement: Proxy filing

Mar 23, 2026, 8:00 AM EDT - 2 months ago

RLJ Lodging Trust Proxy statement: Proxy filing


RLJ Lodging Trust Announces Dividends for First Quarter of 2026

Mar 13, 2026, 9:00 AM EDT - 3 months ago

RLJ Lodging Trust Announces Dividends for First Quarter of 2026


RLJ Lodging Trust Earnings Call Transcript: Q4 2025

Feb 27, 2026, 10:00 AM EST - 3 months ago

RLJ Lodging Trust Earnings Call Transcript: Q4 2025


RLJ Lodging Trust Annual report: Q4 2025

Feb 27, 2026, 10:00 AM EST - 3 months ago

RLJ Lodging Trust Annual report: Q4 2025


RLJ Lodging Trust Earnings release: Q4 2025

Feb 27, 2026, 10:00 AM EST - 3 months ago

RLJ Lodging Trust Earnings release: Q4 2025


RLJ Lodging Trust Slides: Q4 2025

Feb 27, 2026, 10:00 AM EST - 3 months ago

RLJ Lodging Trust Slides: Q4 2025


RLJ Lodging Trust reports Q4 AFFO 32c, consensus 28c

2026-02-26T21:57:37.000Z - 3 months ago

RLJ Lodging Trust reports Q4 AFFO 32c, consensus 28c


RLJ Lodging Trust sees FY26 AFFO $1.21-$1.41, consensus $1.37

2026-02-26T21:57:11.000Z - 3 months ago

RLJ Lodging Trust sees FY26 AFFO $1.21-$1.41, consensus $1.37


RLJ Lodging Trust Announces Tax Treatment of 2025 Dividends

Jan 30, 2026, 9:00 AM EST - 4 months ago

RLJ Lodging Trust Announces Tax Treatment of 2025 Dividends


RLJ Lodging Trust initiated with an Underweight at Barclays

2026-01-06T10:10:19.000Z - 5 months ago

RLJ Lodging Trust initiated with an Underweight at Barclays


RLJ Lodging Trust Announces Dividends for Fourth Quarter of 2025

Dec 15, 2025, 9:00 AM EST - 6 months ago

RLJ Lodging Trust Announces Dividends for Fourth Quarter of 2025


RLJ Lodging Trust management to meet virtually with Oppenheimer

2025-11-19T22:05:17.000Z - 7 months ago

RLJ Lodging Trust management to meet virtually with Oppenheimer


RLJ Lodging Trust Earnings Call Transcript: Q3 2025

Nov 6, 2025, 12:00 PM EST - 7 months ago

RLJ Lodging Trust Earnings Call Transcript: Q3 2025


RLJ Lodging Trust Quarterly report: Q3 2025

Nov 6, 2025, 12:00 PM EST - 7 months ago

RLJ Lodging Trust Quarterly report: Q3 2025


RLJ Lodging Trust Earnings release: Q3 2025

Nov 6, 2025, 12:00 PM EST - 7 months ago

RLJ Lodging Trust Earnings release: Q3 2025


RLJ Lodging Trust Slides: Q3 2025

Nov 6, 2025, 12:00 PM EST - 7 months ago

RLJ Lodging Trust Slides: Q3 2025


RLJ Lodging Trust reports Q3 AFFO 27c, consensus 13c

2025-11-05T21:35:53.000Z - 7 months ago

RLJ Lodging Trust reports Q3 AFFO 27c, consensus 13c


RLJ Lodging Trust Reports Third Quarter 2025 Results

Nov 5, 2025, 4:30 PM EST - 7 months ago

RLJ Lodging Trust Reports Third Quarter 2025 Results


RLJ Lodging Trust Announces Dividends for Third Quarter of 2025

Sep 15, 2025, 9:00 AM EDT - 9 months ago

RLJ Lodging Trust Announces Dividends for Third Quarter of 2025


RLJ Lodging Trust price target raised to $8 from $7 at Truist

2025-09-05T11:36:10.000Z - 9 months ago

RLJ Lodging Trust price target raised to $8 from $7 at Truist


RLJ Lodging Trust Earnings Call Transcript: Q2 2025

Aug 8, 2025, 10:00 AM EDT - 10 months ago

RLJ Lodging Trust Earnings Call Transcript: Q2 2025


RLJ Lodging Trust Quarterly report: Q2 2025

Aug 8, 2025, 10:00 AM EDT - 10 months ago

RLJ Lodging Trust Quarterly report: Q2 2025


RLJ Lodging Trust Earnings release: Q2 2025

Aug 8, 2025, 10:00 AM EDT - 10 months ago

RLJ Lodging Trust Earnings release: Q2 2025


RLJ Lodging Trust Slides: Q2 2025

Aug 8, 2025, 10:00 AM EDT - 10 months ago

RLJ Lodging Trust Slides: Q2 2025


RLJ Lodging Trust reports Q2 AFFO 48c, consensus 46c

2025-08-07T20:35:19.000Z - 10 months ago

RLJ Lodging Trust reports Q2 AFFO 48c, consensus 46c


RLJ Lodging Trust Reports Second Quarter 2025 Results

Aug 7, 2025, 4:30 PM EDT - 10 months ago

RLJ Lodging Trust Reports Second Quarter 2025 Results


5 Stocks To Watch For Great Dividend Growth

Jul 6, 2025, 9:35 AM EDT - 1 year ago

5 Stocks To Watch For Great Dividend Growth

APH COKE CRC TMUS


RLJ Lodging Trust Slides: NAREIT Conference Presentation

Jun 3, 2025, 6:00 AM EDT - 1 year ago

RLJ Lodging Trust Slides: NAREIT Conference Presentation


RLJ Lodging Trust Earnings Call Transcript: Q1 2025

May 5, 2025, 11:00 AM EDT - 1 year ago

RLJ Lodging Trust Earnings Call Transcript: Q1 2025


RLJ Lodging Trust Quarterly report: Q1 2025

May 5, 2025, 11:00 AM EDT - 1 year ago

RLJ Lodging Trust Quarterly report: Q1 2025


RLJ Lodging Trust Earnings release: Q1 2025

May 5, 2025, 11:00 AM EDT - 1 year ago

RLJ Lodging Trust Earnings release: Q1 2025


RLJ Lodging Trust Slides: Q1 2025

May 5, 2025, 11:00 AM EDT - 1 year ago

RLJ Lodging Trust Slides: Q1 2025


RLJ Lodging Trust Reports First Quarter 2025 Results

May 5, 2025, 8:00 AM EDT - 1 year ago

RLJ Lodging Trust Reports First Quarter 2025 Results


RLJ Lodging Trust Slides: Investor Presentation

Apr 1, 2025, 6:00 AM EDT - 1 year ago

RLJ Lodging Trust Slides: Investor Presentation


RLJ Lodging Trust Proxy statement: Proxy Filing

Mar 24, 2025, 8:00 AM EDT - 1 year ago

RLJ Lodging Trust Proxy statement: Proxy Filing


RLJ Lodging Trust Slides: Citi Conference Presentation

Mar 3, 2025, 6:00 AM EST - 1 year ago

RLJ Lodging Trust Slides: Citi Conference Presentation


RLJ Lodging Trust Earnings Call Transcript: Q4 2024

Feb 26, 2025, 10:00 AM EST - 1 year ago

RLJ Lodging Trust Earnings Call Transcript: Q4 2024


RLJ Lodging Trust Annual report: Q4 2024

Feb 26, 2025, 10:00 AM EST - 1 year ago

RLJ Lodging Trust Annual report: Q4 2024


RLJ Lodging Trust Earnings release: Q4 2024

Feb 26, 2025, 10:00 AM EST - 1 year ago

RLJ Lodging Trust Earnings release: Q4 2024


RLJ Lodging Trust Slides: Q4 2024

Feb 26, 2025, 10:00 AM EST - 1 year ago

RLJ Lodging Trust Slides: Q4 2024


RLJ Lodging Trust Announces Tax Treatment of 2024 Dividends

Jan 30, 2025, 9:00 AM EST - 1 year ago

RLJ Lodging Trust Announces Tax Treatment of 2024 Dividends


RLJ Lodging Trust Earnings Call Transcript: Q3 2024

Nov 7, 2024, 12:00 PM EST - 1 year ago

RLJ Lodging Trust Earnings Call Transcript: Q3 2024


RLJ Lodging Trust Quarterly report: Q3 2024

Nov 7, 2024, 12:00 PM EST - 1 year ago

RLJ Lodging Trust Quarterly report: Q3 2024


RLJ Lodging Trust Earnings release: Q3 2024

Nov 7, 2024, 12:00 PM EST - 1 year ago

RLJ Lodging Trust Earnings release: Q3 2024


RLJ Lodging Trust Slides: Q3 2024

Nov 7, 2024, 12:00 PM EST - 1 year ago

RLJ Lodging Trust Slides: Q3 2024


RLJ Lodging Trust Reports Third Quarter 2024 Results

Nov 6, 2024, 4:30 PM EST - 1 year ago

RLJ Lodging Trust Reports Third Quarter 2024 Results


RLJ Lodging Trust Earnings Call Transcript: Q2 2024

Aug 2, 2024, 10:00 AM EDT - 2 years ago

RLJ Lodging Trust Earnings Call Transcript: Q2 2024


RLJ Lodging Trust Quarterly report: Q2 2024

Aug 2, 2024, 10:00 AM EDT - 2 years ago

RLJ Lodging Trust Quarterly report: Q2 2024


RLJ Lodging Trust Earnings release: Q2 2024

Aug 2, 2024, 10:00 AM EDT - 2 years ago

RLJ Lodging Trust Earnings release: Q2 2024


RLJ Lodging Trust Slides: Q2 2024

Aug 2, 2024, 10:00 AM EDT - 2 years ago

RLJ Lodging Trust Slides: Q2 2024


RLJ Lodging Trust Acquires Hotel Teatro in Denver

Aug 1, 2024, 4:31 PM EDT - 2 years ago

RLJ Lodging Trust Acquires Hotel Teatro in Denver


RLJ Lodging Trust Reports Second Quarter 2024 Results

Aug 1, 2024, 4:30 PM EDT - 2 years ago

RLJ Lodging Trust Reports Second Quarter 2024 Results


RLJ Lodging Trust Earnings Call Transcript: Q1 2024

May 2, 2024, 10:00 AM EDT - 2 years ago

RLJ Lodging Trust Earnings Call Transcript: Q1 2024


RLJ Lodging Trust Quarterly report: Q1 2024

May 2, 2024, 10:00 AM EDT - 2 years ago

RLJ Lodging Trust Quarterly report: Q1 2024


RLJ Lodging Trust Earnings release: Q1 2024

May 2, 2024, 10:00 AM EDT - 2 years ago

RLJ Lodging Trust Earnings release: Q1 2024


RLJ Lodging Trust Slides: Q1 2024

May 2, 2024, 10:00 AM EDT - 2 years ago

RLJ Lodging Trust Slides: Q1 2024


RLJ Lodging Trust Reports First Quarter 2024 Results

May 1, 2024, 5:00 PM EDT - 2 years ago

RLJ Lodging Trust Reports First Quarter 2024 Results


RLJ Lodging Trust Proxy statement: Proxy Filing

Mar 28, 2024, 8:00 AM EDT - 2 years ago

RLJ Lodging Trust Proxy statement: Proxy Filing


RLJ Lodging Trust Announces Dividends for First Quarter of 2024

Mar 15, 2024, 9:00 AM EDT - 2 years ago

RLJ Lodging Trust Announces Dividends for First Quarter of 2024


RLJ Lodging Trust Earnings Call Transcript: Q4 2023

Feb 27, 2024, 10:00 AM EST - 2 years ago

RLJ Lodging Trust Earnings Call Transcript: Q4 2023


RLJ Lodging Trust Annual report: Q4 2023

Feb 27, 2024, 10:00 AM EST - 2 years ago

RLJ Lodging Trust Annual report: Q4 2023


RLJ Lodging Trust Earnings release: Q4 2023

Feb 27, 2024, 10:00 AM EST - 2 years ago

RLJ Lodging Trust Earnings release: Q4 2023


RLJ Lodging Trust Slides: Q4 2023

Feb 27, 2024, 10:00 AM EST - 2 years ago

RLJ Lodging Trust Slides: Q4 2023


RLJ Lodging Trust Announces Tax Treatment of 2023 Dividends

Jan 31, 2024, 8:00 AM EST - 2 years ago

RLJ Lodging Trust Announces Tax Treatment of 2023 Dividends


RLJ Lodging Trust Slides: Investor presentation

Nov 12, 2023, 8:00 PM EST - 2 years ago

RLJ Lodging Trust Slides: Investor presentation


RLJ Lodging Trust Earnings Call Transcript: Q3 2023

Nov 2, 2023, 12:00 PM EDT - 2 years ago

RLJ Lodging Trust Earnings Call Transcript: Q3 2023


RLJ Lodging Trust Quarterly report: Q3 2023

Nov 2, 2023, 12:00 PM EDT - 2 years ago

RLJ Lodging Trust Quarterly report: Q3 2023


RLJ Lodging Trust Earnings release: Q3 2023

Nov 2, 2023, 12:00 PM EDT - 2 years ago

RLJ Lodging Trust Earnings release: Q3 2023


RLJ Lodging Trust Slides: Q3 2023

Nov 2, 2023, 12:00 PM EDT - 2 years ago

RLJ Lodging Trust Slides: Q3 2023


RLJ Lodging Trust Reports Third Quarter 2023 Results

Nov 1, 2023, 4:30 PM EDT - 2 years ago

RLJ Lodging Trust Reports Third Quarter 2023 Results


RLJ Lodging Trust Announces Dividends for Third Quarter of 2023

Sep 15, 2023, 9:00 AM EDT - 2 years ago

RLJ Lodging Trust Announces Dividends for Third Quarter of 2023


RLJ Lodging Trust Slides: FY 2023

Sep 11, 2023, 4:00 PM EDT - 2 years ago

RLJ Lodging Trust Slides: FY 2023


RLJ Lodging Trust Earnings Call Transcript: Q2 2023

Aug 4, 2023, 10:00 AM EDT - 3 years ago

RLJ Lodging Trust Earnings Call Transcript: Q2 2023


RLJ Lodging Trust Quarterly report: Q2 2023

Aug 4, 2023, 10:00 AM EDT - 3 years ago

RLJ Lodging Trust Quarterly report: Q2 2023


RLJ Lodging Trust Earnings release: Q2 2023

Aug 4, 2023, 10:00 AM EDT - 3 years ago

RLJ Lodging Trust Earnings release: Q2 2023


RLJ Lodging Trust Slides: Q2 2023

Aug 4, 2023, 10:00 AM EDT - 3 years ago

RLJ Lodging Trust Slides: Q2 2023


RLJ Lodging Trust Reports Second Quarter 2023 Results

Aug 3, 2023, 5:33 PM EDT - 3 years ago

RLJ Lodging Trust Reports Second Quarter 2023 Results


RLJ Lodging Trust Slides: Investor presentation

Jul 11, 2023, 7:00 AM EDT - 3 years ago

RLJ Lodging Trust Slides: Investor presentation


RLJ Lodging Trust Slides: NAREIT Conference Presentation

Jun 6, 2023, 7:00 AM EDT - 3 years ago

RLJ Lodging Trust Slides: NAREIT Conference Presentation


RLJ Lodging Trust Earnings Call Transcript: Q1 2023

May 5, 2023, 10:00 AM EDT - 3 years ago

RLJ Lodging Trust Earnings Call Transcript: Q1 2023


RLJ Lodging Trust Quarterly report: Q1 2023

May 5, 2023, 10:00 AM EDT - 3 years ago

RLJ Lodging Trust Quarterly report: Q1 2023


RLJ Lodging Trust Earnings release: Q1 2023

May 5, 2023, 10:00 AM EDT - 3 years ago

RLJ Lodging Trust Earnings release: Q1 2023


RLJ Lodging Trust Slides: Q1 2023

May 5, 2023, 10:00 AM EDT - 3 years ago

RLJ Lodging Trust Slides: Q1 2023


RLJ Lodging Trust Reports First Quarter 2023 Results

May 4, 2023, 4:30 PM EDT - 3 years ago

RLJ Lodging Trust Reports First Quarter 2023 Results


Trader_Ty
Trader_Ty Jun. 2 at 6:48 PM
$RLJ beautiful boring trend with swing highs today 🙏
0 · Reply
SuperGreenToday
SuperGreenToday May. 27 at 7:16 PM
$RLJ Share Price: $9.94 Contract Selected: Nov 20, 2026 $10 Calls Buy Zone: $0.51 – $0.63 Target Zone: $0.96 – $1.17 Potential Upside: 77% ROI Time to Expiration: 176 Days | Updates via https://fxcapta.com/stockinfo/
0 · Reply
Laynester
Laynester May. 22 at 11:52 AM
$RLJ $DHC Two real estate hammers! Let's grow...up on both. RLJ: 6% DIVIDEND too. Set a stop good to all. 100%--->🦬
0 · Reply
Trader_Ty
Trader_Ty May. 21 at 6:20 PM
$RLJ 2:1 sold today
0 · Reply
Trader_Ty
Trader_Ty May. 19 at 2:21 PM
$RLJ on track
0 · Reply
Trader_Ty
Trader_Ty May. 13 at 7:31 PM
$RLJ Chillin here in the green still
0 · Reply
BillionerOfKing
BillionerOfKing May. 12 at 4:49 PM
$RLJ Current Stock Price: $8.82 Contracts to trade: $10.0 RLJ May 15 2026 Call Entry: $0.09 Exit: $0.12 ROI: 37% Hold ~31 days Shared as daily free alerts and for educational purposes only. https://dailypickai.com/freealerts
0 · Reply
Trader_Ty
Trader_Ty May. 5 at 6:45 PM
0 · Reply
Trader_Ty
Trader_Ty May. 5 at 6:43 PM
$RLJ 👀
0 · Reply
StocktwitsEarnings
StocktwitsEarnings May. 4 at 1:00 PM
$RLJ Q1 '26 Earnings Results & Recap RLJ Lodging Trust is updating its full-year 2026 outlook, raising Comparable RevPAR growth to +1.5% to +3.5% and Adjusted FFO per diluted share to $1.29 to $1.45, incorporating first quarter outperformance.
0 · Reply
Kretzy
Kretzy May. 4 at 3:44 AM
0 · Reply
Kretzy
Kretzy May. 4 at 3:41 AM
$RLJ This is one is on verge of turning financially, it's starting to turn. I expect a bounce sometime soon.
0 · Reply
Trader_Ty
Trader_Ty Apr. 20 at 4:21 PM
$RLJ Added for a trade ... front running the larger breakout here. Hopefully get a little cushion into ER next month
0 · Reply
Trader_Ty
Trader_Ty Apr. 10 at 12:26 PM
$RLJ monthly
1 · Reply
StocktwitsEarnings
StocktwitsEarnings Feb. 27 at 1:00 PM
$RLJ Q4 '25 Earnings Results & Recap RLJ Lodging Trust anticipates FY 2026 Comparable RevPAR growth of +0.5% to +3.0%, Comparable Hotel EBITDA between $344M and $374M, and Adjusted FFO per diluted share of $1.21 to $1.41.
0 · Reply
Trader_Ty
Trader_Ty Feb. 20 at 2:47 PM
$RLJ ER next week, but could be interested after
0 · Reply
dred48
dred48 Feb. 10 at 8:29 PM
$RLJ 👀
0 · Reply
KingPowelI
KingPowelI Feb. 6 at 8:06 PM
$CARV $UONE $BYFC $RLJ $SPY The most racist thing ever from the White House . White House is full of racist and white supremecist
1 · Reply
ProfitSummit
ProfitSummit Feb. 4 at 2:25 PM
$RLJ is a hotel REIT with a portfolio of premium-branded, select-service hotels; its recovery is tied to business and leisure travel demand.
0 · Reply
OpenOutcrier
OpenOutcrier Jan. 6 at 2:07 PM
-Initiations 1/6: $PEB $RLJ $SOFI $VSNT
0 · Reply