Loading...
•
Jun 30, 2022
Chatham Q2 2022 Earnings Report
Reported significant gains in top markets with GOP margins higher than 2019.
Key Takeaways
Chatham Lodging Trust announced strong second quarter 2022 results, with a significant increase in RevPAR, a swing to net income, and a substantial jump in Adjusted EBITDA and FFO. The company also successfully sold four non-core assets.
Portfolio Revenue Per Available Room (RevPAR) increased 50 percent to $138 compared to the 2021 second quarter.
Net income swung from a $8.7 million loss in the 2021 second quarter to net income of $9.3 million in the 2022 second quarter.
GOP Margin generated margins for all hotels owned during the quarter of 49.2 percent, up significantly from margins of 43.1 percent in the 2021 second quarter.
Adjusted FFO increased significantly from FFO of $4.9 million in the 2021 second quarter to positive adjusted FFO of $20.7 million this year.
Revenue by Geographic Location
Forward Guidance
Due to uncertainty surrounding the hotel industry, the company is not providing guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
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...