earnings
confidence high
sentiment positive
materiality 0.70
Chatham Lodging Trust Q4 2024 RevPAR +4% to $129; net loss narrows to $1.9M
Chatham Lodging Trust
2024-FY EPS reported
-$0.08
revenue$317,209,000
- RevPAR grew 4% to $129; occupancy up 5% to 74%; ADR down 1% to $176.
- Net loss applicable to common was $1.9M ($0.08/share) vs $9.3M loss in Q4 2023.
- Adjusted FFO per share $0.20 vs $0.19; GOP margin improved 150 bps to 40.5%.
- Sold/under contract six hotels for ~$101M net at 6% cap rate; leverage ratio down to 23%.
- FY 2025 RevPAR guidance $143-$147 (1-3.5% growth); AFFO $1.01-$1.11 per share.