secwatch.observer — SEC 8-K summary
======================================

Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001476045-24-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Q3 AFFO $0.35 meets consensus; RevPAR up 2.1% ex-renovations; sells five hotels for $80M
--------------------------------------------------------------------------------

- Net income $4.3M ($0.05 EPS) vs $7.5M ($0.11) YoY; AFFO $17.6M ($0.35/share) vs $20.2M.
- Comparable hotel RevPAR $150 (+1.3% YoY); October RevPAR up 6% to $158; Silicon Valley/Bellevue up 8%.
- Signed agreements to sell five hotels for net proceeds ~$80M; proceeds to reduce debt.
- Q4 guidance: RevPAR $124-$127 (1-3% growth); adjusted FFO $0.15-$0.18/share; expects net loss.
- Leverage ~24%, net debt $419M; floating-rate debt of $265M benefits from rate cuts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604524000047/0001476045-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604524000047/cldt-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001476045-24-000047

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