Chatham Lodging Trust Q3 net income $7.5M, down 40% YoY; AFFO per share $0.40 beats estimates

Chatham Lodging Trust

2023-Q3 EPS reported $0.11 revenue$238,832,000

Net income $7.5M vs $12.4M in Q3 2022; diluted EPS $0.11 vs $0.21.
Adjusted FFO per diluted share $0.40, beating consensus; AFFO $20.2M vs $25.2M.
Portfolio RevPAR fell 2.6% to $147; ADR down 1.3% to $184; occupancy 80%.
Hotel EBITDA margin 37.9% vs 43.6% a year ago, pressured by tech-driven hotel intern revenue loss.
Repaid $60M maturing debt; issued $83M fixed-rate debt; common dividend $0.07/share.

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 0.9

Chatham Lodging Trust reported the third quarter ended September 30, 2023 results: net income $7.5 million, EPS $0.11.

Period: the third quarter ended September 30, 2023
Net income: $7.5 million
EPS: $0.11
Result: reported results

Exact text from the filing

Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended September 30, 2023.

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Source: SEC EDGAR

accession 0001476045-23-000064

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