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Mar 31, 2021
Chatham Q1 2021 Earnings Report
Chatham's Q1 2021 performance reflected a gradual recovery, marked by improved RevPAR and positive cash flow in March, influenced by leisure travel and initial signs of business travel resurgence.
Key Takeaways
Chatham Lodging Trust announced Q1 2021 results, demonstrating a recovery from the pandemic's impact. The company achieved a net income of $2.7 million, a significant improvement from the previous year. RevPAR declined by 42% to $55, but April RevPAR reached $75. The company also produced positive cash flow after interest expense and corporate overhead in March, signaling a positive trend.
Net income improved by $30.8 million to $2.7 million.
Portfolio RevPAR decreased 42% to $55 compared to Q1 2020, but April RevPAR was $75.
Positive GOP margins of 30% were generated.
Positive cash flow was produced after interest expense and corporate overhead in March.
Forward Guidance
Due to uncertainty surrounding the impact of the pandemic on the hotel industry, the company is not providing guidance at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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