secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001476045-21-000072
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Q2 net loss narrows to $8.7M; RevPAR up 170%; to acquire two Austin hotels for $71M
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- Net loss of $8.7M ($0.18/share) vs loss of $27.2M ($0.57) in Q2 2020; Adjusted FFO turns positive at $4.9M ($0.10/share).
- Portfolio RevPAR jumped 170% to $87 on occupancy of 68% and ADR of $127; July RevPAR reached $113.
- Raised $116M net from 6.625% Series A Preferred shares; leverage ratio 28.6%; no debt maturities until 2023.
- Under contract to acquire Residence Inn and TownePlace Suites in Austin, TX for $71M; expects to close within a week.
- Generated positive cash flow before CAPEX of $4M; estimated liquidity $253M at June 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604521000072/0001476045-21-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604521000072/cldt-20210803.htm
  HTML page:      https://secwatch.observer/filing/0001476045-21-000072

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