secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001476045-23-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Q4 RevPAR up 24% to $117; reinstates common dividend $0.07/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604523000017/0001476045-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604523000017/cldt-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001476045-23-000017

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