Chatham Lodging Q1 2023: RevPAR up 28% to $116; net loss narrows to $5.0M

Chatham Lodging Trust

2023-Q1 EPS reported -$0.14 revenue$67,614,000

Net loss of $5.0M ($0.14 diluted loss) vs $9.7M loss ($0.23) in Q1 2022.
RevPAR $116 (+28% YoY); ADR $169 (+14%); occupancy 69% (+13 pts).
Adjusted EBITDA $17.8M (+34%); AFFO $7.9M ($0.16 per share), up 123%.
Repaid $73M high-interest mortgages (8.0%) via term loan at 6.2%; additional $16M repayment on May 5.
No FY 2023 guidance provided; Hilton development award for Home2 Suites Woodland Hills.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Chatham Lodging Trust reported the three months ended March 31, 2023 results: net income $5.0 million net loss, EPS $(0.14) per diluted common share.

Period: the three months ended March 31, 2023
Net income: $5.0 million net loss
EPS: $(0.14) per diluted common share
Result: reported results

Exact text from the filing

• Net Loss – Incurred a $5.0 million net loss compared to a net loss of $9.7 million in the 2022 first quarter. Net loss per diluted common share was $(0.14) versus net loss per diluted common share of $(0.23) for the same period last year.

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Source: SEC EDGAR

accession 0001476045-23-000045

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