earnings
confidence high
sentiment positive
materiality 0.85
Chatham Lodging Q2 net income $9.3M, RevPAR up 50% YoY, margins above 2019
Chatham Lodging Trust
2022-Q2 EPS reported
-$0.09
revenue$136,646,000
- Net income $9.3M vs loss of $8.7M in Q2 2021; diluted EPS $0.15 vs ($0.18).
- Portfolio RevPAR $138 (+50% YoY); occupancy 77%, ADR $179, with June RevPAR exceeding 2019.
- GOP margin 49.2% (vs 43.1% YoY); comparable 36-hotel GOP margin 50.1% surpassed 2019's 49.5%.
- Adjusted FFO $20.7M ($0.41/diluted share), up from $4.9M ($0.10) in Q2 2021.
- Sold four hotels for ~$80M at low cap rates; net debt reduced to $471.8M from $525.7M at year-end.