secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001476045-22-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Q2 net income $9.3M, RevPAR up 50% YoY, margins above 2019
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604522000057/0001476045-22-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604522000057/cldt-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001476045-22-000057

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