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Sep 30, 2021
Chatham Q3 2021 Earnings Report
Chatham Lodging Trust announced strong results driven by strong portfolio performance and recent acquisitions.
Key Takeaways
Chatham Lodging Trust reported a net loss of $1.4 million, but Adjusted EBITDA nearly quadrupled to $19.6 million compared to the same quarter last year. The company's portfolio RevPAR increased 92% to $107, and it generated $10.0 million in cash flow before capital expenditures.
Portfolio Revenue Per Available Room (RevPAR) increased 92 percent to $107 compared to the 2020 third quarter.
Net loss lessened $16.9 million to a net loss of $1.4 million from a net loss of $18.3 million in the 2020 third quarter.
GOP Margin grew margins a significant 25 percent to a portfolio-wide GOP margin of 45 percent in the 2021 third quarter compared to 36 percent in the 2020 third quarter.
Adjusted EBITDA nearly quadrupled Adjusted EBITDA, finishing the quarter at $19.6 million compared to Adjusted EBITDA of $5.1 million in the 2020 third quarter.
Revenue by Geographic Location
Forward Guidance
Due to uncertainty surrounding the impact of the pandemic on 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
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Avg. Return Before/After Earnings
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