secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001476045-22-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Q4 2021: Net loss widens but AFFO turns positive; RevPAR up 93%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604522000021/0001476045-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604522000021/cldt-20220224.htm
  HTML page:      https://secwatch.observer/filing/0001476045-22-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer