earnings
confidence high
sentiment positive
materiality 0.75
Chatham Lodging Q4 RevPAR up 24% to $117; reinstates common dividend $0.07/share
Chatham Lodging Trust
2022-FY EPS reported
$0.04
revenue$294,851,000
- Net loss narrowed to $4.0M ($0.08 diluted loss) from $13.2M ($0.27) in Q4 2021.
- Adjusted FFO rose 68% to $10.2M ($0.20/diluted share) vs $6.1M ($0.12) year ago.
- Hotel EBITDA margin improved to 33% from 31%; comparable hotels margin flat vs 2019 at ~34%.
- Reinstated common dividend at $0.07/share payable Jan 17, 2023; first since Q1 2020.
- Closed new $260M revolver and $90M term loan maturing Oct 2027; net debt reduced $82M to $444M.