---
schema_version: "secwatch.filing_event.v1"
accession: "0001476045-24-000033"
form_type: "8-K"
ticker: "CLDT"
cik: "0001476045"
company_name: "Chatham Lodging Trust"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:55:52.163236+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Chatham Lodging Q1 net loss $5.5M; adjusted FFO $0.16 beats estimates, RevPAR up 2%

## Summary
- Net loss $5.5M ($0.15/sh) vs $5.0M loss ($0.14) in Q1 2023.
- Adjusted FFO per share $0.16 beats consensus; Q2 2024 guidance $0.33-$0.36/sh.
- RevPAR up 2% to $120; Silicon Valley/Bellevue hotels RevPAR up 17%.
- Hotel EBITDA margin 30.8% up 10 bps; Adjusted EBITDA $18.9M (+6% YoY).
- Sold HGI Denver Tech Center for $18M; net debt $412M; leverage 25%.

## SEC filing metadata
- accession: 0001476045-24-000033
- form_type: 8-K
- ticker: CLDT
- cik: 0001476045
- company_name: Chatham Lodging Trust
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476045/000147604524000033/0001476045-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476045/000147604524000033/cldt-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476045-24-000033
- JSON: https://secwatch.observer/filing/0001476045-24-000033.json
- Plain text: https://secwatch.observer/filing/0001476045-24-000033.txt

## Key facts
- Earnings Releases
  Chatham Lodging Trust reported first quarter ended March 31, 2024 results: net income Net loss of $5.5 million, EPS $0.15.
  - Period: first quarter ended March 31, 2024
  - Net income: Net loss of $5.5 million
  - EPS: $0.15
  - Result: reported results
  source text: First Quarter 2024 Operating Results • Portfolio Revenue Per Available Room (RevPAR) – Increased 2 percent to $120 compared to the 2023 first quarter. Average daily rate (ADR) accelerated 1 percent to $171, and occupancy jumped 1 percent to 70 percent for the 38 hotels owned as of March 31, 2024. ◦ RevPAR for the Silicon Valley and Bellevue hotels was up 17 percent over the 2023 first quarter. ◦ April 2024 RevPAR was up 5 percent over 2023 for the entire portfolio. • Net Income / (Loss) – Net loss of $5.5 million compared to net loss of $5.0 million in the 2023 first quarter. Net loss per diluted common share was $0.15 versus $0.14 during the 2023 first quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604524000033/0001476045-24-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.