Chesapeake Lodging Trust Reports Fourth Quarter Results
CHESAPEAKE LODGING TRUST (CHSP)
Last chesapeake lodging trust earnings: 8/1 07:30 am
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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 December 31, 2017. HIGHLIGHTS Comparable RevPAR: 0.3% increase for the 21-hotel portfolio and 1.2% increase for the 14-hotel portfolio over the same period in 2016. Comparable Adjusted Hotel EBITDA Margin: 40 basis point decrease to 29.9% for the 21-hotel portfolio and 10 basis point decrease to 33.4% for the 14-hotel portfolio over the same period in 2016. Adjusted Hotel EBITDA: $42.5 million. Adjusted Corporate EBITDA: $37.3 million. Net income available to common shareholders: $27.6 million or $0.46 per diluted common share. Adjusted FFO: $28.4 million or $0.48 per diluted common share.
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