Chatham Lodging Announces Second Quarter 2025 Results

About this update from Chatham Lodging Trust (reit)

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Average daily rate (ADR) held at $191, and occupancy slipped a mere 30 basis points and was a strong 82 percent.","length":278,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"RevPAR for the four Silicon Valley hotels was up 3 percent.","length":59,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":59,"olType":false}]},{"val":[{"type":"text","content":" Net Income (loss) – Earned net income applicable to common shareholders of $3 million compared to $5 million in the 2024 second quarter. Net income to common shareholders per diluted common share was $0.07 versus net income per diluted common share of $0.10 for the same period last year.","length":288,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":" Hotel Margins – GOP margins of 46 percent rose 30 basis points higher and Hotel EBITDA margins of 39 percent declined 40 basis points compared to the 2024 second quarter.","length":170,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":" Adjusted EBITDA – Adjusted EBITDA declined $2 million to $29 million from $31 million. The decline is entirely attributable to the impact from hotels sold, which was over $2 million.","length":182,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":" Adjusted FFO – Produced AFFO of $19 million in the 2025 second quarter versus $20 million in the 2024 second quarter. Adjusted FFO per diluted share was $0.36 compared to $0.39 in the second quarter of 2024. Unlike some other lodging REITS, Chatham does not add back share-based compensation expense in its calculation of adjusted FFO per share.","length":345,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":" Asset Recycling – Closed on the sale of the last of the five listed hotels for $23 million.","length":91,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":1413,"olType":false},{"type":"text","content":"The following chart summarizes the consolidated financial results for the three and six months ended June 30, 2025, and 2024, based on all properties owned during those periods, except for RevPAR, which is based on the 34 comparable hotels ($ in millions, except margin percentages and per share 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RevPAR performance for Chatham’s largest brands (brands that account for more than 5 percent of hotel EBITDA contribution over the last twelve months) is presented below (number of hotels in parentheses):","length":431,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;width:40%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;","val":[{"type":"text","content":" % of LTM EBITDA ","length":15,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;","val":[{"type":"text","content":" Q2 2025 RevPAR ","length":14,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;","val":[{"type":"text","content":" Q2 2024 RevPAR ","length":14,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;","val":[{"type":"text","content":" Change vs. Q2 2024 ","length":18,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;background-color:#CCEEFF;padding-left:0.0px;width:40%;","val":[{"type":"text","content":"Residence Inn (16)","length":18,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;background-color:#CCEEFF;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;background-color:#CCEEFF;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;background-color:#CCEEFF;padding-left:0.0px;padding-right:0.0px;width:12%;","val":[{"type":"text","cont...

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