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Dec 31, 2021
Chatham Q4 2021 Earnings Report
Announced solid Q4 2021 results, driven by increased RevPAR and GOP margin.
Key Takeaways
Chatham Lodging Trust reported a net loss of $11.4 million for Q4 2021, but saw significant improvements in RevPAR, ADR, occupancy, GOP margin, Adjusted EBITDA, and Adjusted FFO compared to Q4 2020. The company minimized cash burn and generated positive cash flow before capital expenditures.
Portfolio RevPAR increased 93 percent to $92 compared to the 2020 fourth quarter.
GOP Margin grew significantly to a portfolio-wide GOP margin of 41 percent in the 2021 fourth quarter compared to 25 percent in the 2020 fourth quarter.
Adjusted EBITDA jumped to $15.2 million from $0.2 million in the 2020 fourth quarter.
Adjusted FFO swung significantly from negative FFO of $8.7 million in the 2020 fourth quarter to positive adjusted FFO of $6.1 million this year.
Forward Guidance
Due to uncertainty surrounding the hotel industry, the company is not providing guidance at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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