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Sep 30, 2022
Chatham Q3 2022 Earnings Report
Third quarter RevPAR surpassed 2019, and margin growth accelerated.
Key Takeaways
Chatham Lodging Trust announced outstanding third-quarter results, marking the best quarter since 2019. Strong RevPAR growth and effective cost containment drove significant improvements in corporate EBITDA, adjusted FFO, and cash flow before CAPEX.
Portfolio Revenue Per Available Room (RevPAR) increased 34 percent to $150 compared to the 2021 third quarter and surpassed 2019 third quarter.
Net Income swung from a $1.4 million loss in the 2021 third quarter to income of $12.4 million in the 2022 third quarter.
Generated margins for all hotels owned during the quarter of 50.1 percent, up significantly from margins of 44.7 percent in the 2021 third quarter.
Adjusted FFO increased significantly from FFO of $10.5 million in the 2021 third quarter to adjusted FFO of $25.2 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
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Avg. Return Before/After Earnings
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