Chatham Lodging Trust reported first quarter ended March 31, 2026 results: net income Net loss to common shareholders $ (6.3 ), EPS Diluted net loss per common share $ (0.13 ). Guidance raised.
“is based on the comparable 39 hotels ($ in millions, except margin percentages and per share data): Three Months Ended March 31, 2026 2025 Net loss to common shareholders $ (6.3 ) $ (0.5 ) Diluted net loss per common share $ (0.13 ) $ (0.01 ) RevPAR $ 128 $ 127 GOP Margin 40 % 39 % Hotel EBITDA Margin 32 % 30 % Adjusted EBITDA $ 18.4 $ 17.9 AFFO $ 10.1 $”
M&A Transactions
Chatham Lodging Trust completed an acquisition for $92 million (closed 2026-03-03).
“On March 3, 2026, Chatham Lodging Trust (the "Company") completed its acquisition of six hotels (the “Portfolio”) for a purchase price of $92 million, or approximately $156,000 per room.”
Debt Financings
Chatham Lodging Trust incurred term loan of $200 million with Bank of America Securities, Inc. at adjusted term SOFR ranging from 1.45% to 2.2% (a 0.1% decrease from Existing Fac maturing September 25, 2029.
“The Credit Agreement provides for a $300 million unsecured revolving loan and an unsecured term loan of $200 million for a total of $500 million to replace the existing $260 million revolving credit facility and $140 unsecured term loan facility (together, the “Existing Facilities”).”
Debt Financings
Chatham Lodging Trust incurred revolving credit of $300 million unsecured revolving loan with Bank of America Securities, Inc. at adjusted term SOFR ranging from 1.5% to 2.25% (currently 1.6%) maturing September 25, 2029.
“The Credit Agreement provides for a $300 million unsecured revolving loan and an unsecured term loan of $200 million for a total of $500 million to replace the existing $260 million revolving credit facility and $140 unsecured term loan facility (together, the “Existing Facilities”).”
Robert Perlmutter retired as independent trustee at Chatham Lodging Trust.
“On March 17, 2025, Robert Perlmutter, an independent trustee of the board of trustees of Chatham Lodging Trust (the “Company”), notified the board that he wished to retire from the board at the end of his current term and not seek reelection at the Company’s annual meeting later this year.”
Shareholder Votes
Chatham Lodging Trust shareholders approved Approval of compensation of named executive officers at the 2024-05-15 meeting.
“Approval of compensation of named executive officers: Votes For Votes Against Abstentions Broker Non-Votes % For/Against 41,249,803 626,714 55,790 3,231,582 98.37%”
Shareholder Votes
Chatham Lodging Trust shareholders approved Ratification of the selection of independent registered public accountants at the 2024-05-15 meeting.
“Ratification of the selection of independent registered public accountants: Votes For Votes Against Abstentions % For/Against 44,141,165 1,012,450 10,274 97.74%”
Shareholder Votes
Chatham Lodging Trust shareholders approved Election of Trustees at the 2024-05-15 meeting.
“Trustee Votes For Votes Against/Withheld Abstain Broker Non-Votes % For/Against Edwin B. Brewer, Jr. 39,401,375 2,530,933 0 3,231,582 93.96%”
Earnings Releases
Chatham Lodging Trust reported first quarter ended March 31, 2024 results: net income Net loss of $5.5 million, EPS $0.15.
“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.”
Earnings Releases
Chatham Lodging Trust reported the year ended December 31, 2023 results: net income $2.5, EPS $(0.11).
“On February 27, 2024, Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended December 31, 2023.”
Earnings Releases
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).
“On February 27, 2024, Chatham Lodging Trust issued a press release announcing its results of operations for the three months ended December 31, 2023.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.