Loading...
•
Mar 31, 2022
Chatham Q1 2022 Earnings Report
Chatham Lodging Trust's Q1 2022 results were announced, showcasing significant RevPAR growth and improved profitability driven by strengthening business travel and strategic asset management.
Key Takeaways
Chatham Lodging Trust reported a strong first quarter in 2022, marked by a 56% increase in portfolio RevPAR to $88 compared to Q1 2021. The company's Adjusted EBITDA jumped to $13.3 million, and it achieved positive adjusted FFO of $3.5 million, a significant turnaround from the previous year. The results reflect the recovery in business travel and the successful opening of new hotel developments.
Portfolio RevPAR increased by 56% to $88 compared to the first quarter of 2021.
Adjusted EBITDA jumped to $13.3 million, up from $1.2 million in the same period last year.
Positive adjusted FFO of $3.5 million, a significant swing from negative FFO of $7.1 million in Q1 2021.
Opened the Home2 Suites by Hilton Woodland Hills Warner Center and acquired the Hilton Garden Inn Destin Miramar Beach.
Forward Guidance
Due to uncertainty surrounding the hotel industry, the company is not providing guidance at this time.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...