secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001476045-24-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604524000033/0001476045-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604524000033/cldt-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001476045-24-000033

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