secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001476045-23-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604523000064/0001476045-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604523000064/cldt-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001476045-23-000064

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