Chesapeake Lodging Trust Reports First Quarter Results
CHESAPEAKE LODGING TRUST (CHSP)
Last chesapeake lodging trust earnings: 8/1 07:30 am
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US:NYSE Investor Relations:
chesapeakelodgingtrust.com
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Source: Business Wire
ARLINGTON, Va.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment trust (REIT), reported today its financial results for the quarter ended March 31, 2018. HIGHLIGHTS Comparable RevPAR: 3.5% increase for the 21-hotel portfolio over the same period in 2017. Comparable Adjusted Hotel EBITDAre Margin: 90 basis point increase to 27.9% for the 21-hotel portfolio over the same period in 2017. Adjusted Hotel EBITDAre: $37.7 million. Adjusted Corporate EBITDAre: $32.3 million. Net income available to common shareholders: $6.5 million or $0.11 per diluted common share. Adjusted FFO: $25.7 million or $0.43 per diluted common share. “We are pleased with our results for the first quarter, which exceeded the high end of our provided outlook fo
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