earnings
confidence high
sentiment positive
materiality 0.70
Chatham Lodging Q4 2021: Net loss widens but AFFO turns positive; RevPAR up 93%
Chatham Lodging Trust
2021-FY EPS reported
-$0.46
revenue$203,975,000
- Net loss $11.4M ($0.27/share) vs $3.4M loss year ago; AFFO swings to positive $6.1M ($0.12) from -$8.7M.
- RevPAR $92 (+93% YoY); ADR $141 (+36%); occupancy 65%; GOP margin 41.1% vs 24.9%.
- Credit facility amended, extended to March 2024; covenant waivers through June 2022; leverage 30.6%, liquidity $199M.
- Opened Home2 Suites Woodland Hills (170 suites) Jan 2022; expects >8% stabilized yield on recent investments.
- No common dividend declared; no 2022 guidance provided due to uncertainty.