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Mar 31, 2025
Chatham Q1 2025 Earnings Report
Announced first quarter 2025 results and initiated a share repurchase program
Key Takeaways
Chatham Lodging Trust reported a significant improvement in net loss for Q1 2025 compared to the prior year, alongside a 4% increase in RevPAR for comparable hotels. The company also announced its first-ever share repurchase program and increased its common dividend.
Net loss applicable to common shareholders improved to $1 million compared to a $7 million net loss in Q1 2024.
RevPAR for comparable hotels increased by 4% to $127.
The board of trustees approved a $25 million share repurchase program.
The quarterly common dividend was raised by 29% to $0.09 per share.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company's guidance for Q2 2025 and the full year 2025 reflects a cautious outlook with projected RevPAR declines in Q2 followed by flat to slightly positive growth in the second half of the year.
Positive Outlook
- Forecasted RevPAR to range from -1% to +1% for the second half of the year.
- Renovations at Residence Inn Bellevue and Hilton Garden Inn Portsmouth to be completed in April.
- Proceeds from the sale of the Courtyard Houston in April used to pay down borrowings on the credit facility.
- Anticipated full year 2025 total hotel revenue between $295M and $298M.
- Projected full year 2025 Adjusted EBITDA between $89M and $93M.
Challenges Ahead
- RevPAR projected to decline 0.5% to 2.0% for the second quarter.
- April RevPAR declined by 4% due to slowing demand and the timing of religious holidays.
- No additional acquisitions or dispositions are assumed in the guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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