Chesapeake Lodging Trust Reports Second 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 June 30, 2018. HIGHLIGHTS Comparable RevPAR: 4.7% increase for the 21-hotel portfolio over the same period in 2017. Comparable Adjusted Hotel EBITDAre Margin: 110 basis point increase to 36.3% for the 21-hotel portfolio over the same period in 2017. Adjusted Hotel EBITDAre: $59.2 million. Adjusted Corporate EBITDAre: $54.5 million. Net income available to common shareholders: $23.8 million or $0.40 per diluted common share. Adjusted FFO: $42.9 million or $0.72 per diluted common share. Financing: Amended its revolving credit facility by extending its initial term and reducing cost of
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