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Dec 31, 2020
Chatham Q4 2020 Earnings Report
Chatham Lodging Trust Reported a Net Loss and Positive Adjusted EBITDA Amidst Pandemic Challenges.
Key Takeaways
Chatham Lodging Trust announced fourth-quarter 2020 results, which reflected the impact of the COVID-19 pandemic on the lodging industry. The company reported a net loss, but generated positive Adjusted EBITDA for the second consecutive quarter. They focused on maximizing hotel operating results, minimizing cash burn, improving liquidity through hotel sales, and preserving balance sheet strength.
Portfolio RevPAR decreased by 60% to $47 compared to Q4 2019.
Net loss worsened to $(3.4) million, compared to $(2.4) million in Q4 2019.
Positive GOP margins of 25% were generated during the quarter.
Adjusted EBITDA was $0.2 million, versus $25.9 million in Q4 2019.
Forward Guidance
Due to uncertainty surrounding the impact of the pandemic on the hotel industry, the company is not providing guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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