Chatham Lodging Q4 net loss widens to $11M; RevPAR up 2.5%; guides Q1 loss

Chatham Lodging Trust

2023-FY EPS reported -$0.11 revenue$311,109,000

Net loss applicable to common shareholders $11.0M ($0.23/share) vs $4.0M ($0.08) in Q4 2022.
RevPAR rose 2.5% to $121 on ADR $173 and occupancy 70%; Hotel EBITDA margin fell to 31.6% from 33.3%.
AFFO per diluted share $0.19 vs $0.20; Adjusted EBITDA $20.8M vs $20.4M.
Q1 2024 guidance: RevPAR $118-$121, net loss $(9.4)-$(7.4)M, AFFO $0.10-$0.14/share.
Sold Hilton Garden Inn Denver Tech Center for ~$18M post-quarter; net debt reduced $26M to $418M.

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 fourth quarter ended December 31, 2023 results: net income $11.0 million net loss applicable to common shareholders, EPS $(0.23).

Period: the fourth quarter ended December 31, 2023
Net income: $11.0 million net loss applicable to common shareholders
EPS: $(0.23)
Result: reported results

Exact text from the filing

On February 27, 2024, Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Chatham Lodging Trust reported the year ended December 31, 2023 results: net income $2.5, EPS $(0.11).

Period: the year ended December 31, 2023
Net income: $2.5
EPS: $(0.11)
Result: reported results

Exact text from the filing

On February 27, 2024, Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended December 31, 2023.

View on SEC.gov

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Source: SEC EDGAR

accession 0001476045-24-000016

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