earnings
confidence high
sentiment positive
materiality 0.75
Chatham Lodging Q3 net income $12.4M; RevPAR surpasses 2019, AFFO per share $0.50
Chatham Lodging Trust
2022-Q3 EPS reported
$0.12
revenue$224,531,000
- Net income of $12.4M vs loss of $1.4M YoY; diluted EPS $0.21 vs ($0.07).
- Portfolio RevPAR $150 (+34% YoY), matching Q3 2019; ADR $187 (+22%), occupancy 80%.
- Adjusted FFO $25.2M ($0.50/share), more than double Q3 2021 FFO of $10.5M ($0.21).
- GOP margin 50.1% vs 44.7% YoY; hotel EBITDA margin 43.6% vs 35.2%.
- Closed new $215M revolver and $90M term loan post-quarter; no guidance provided.