earnings
confidence high
sentiment positive
materiality 0.75
Chatham Lodging Q3 net loss narrows to $1.4M; RevPAR up 92% to $107; acquires two Austin hotels for $71.2M
Chatham Lodging Trust
2021-Q3 EPS reported
-$0.19
revenue$146,653,000
- Net loss improved to $1.4M ($0.07 per share) from $18.3M ($0.38) in Q3 2020.
- RevPAR $107 (+92% YoY) on ADR $150 and occupancy 71%; GOP margin 45%.
- Adjusted EBITDA $19.6M; AFFO $10.5M ($0.21 per share), up from negative $4.2M.
- Acquired two extended-stay hotels in Austin, TX for $71.2M; September occupancy 81%.
- Amended credit facility extended to March 2024; financial covenants waived through June 2022.