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Stock impact report

Chatham Lodging Trust Announces First Quarter 2021 Results

Chatham Lodging Trust (REIT) (CLDT)  More Company Research Source: Business Wire
Last chatham lodging trust (reit) earnings: 2/26 06:30 am Check Earnings Report
PDF Cash Burn Erased with April RevPAR WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced results for the first quarter ended March 31, 2021.First Quarter 2021 Operating ResultsPortfolio Revenue Per Available Room (RevPAR) – Declined 42 percent to $55, compared to the 2020 first quarter. Average daily rate (ADR) decreased 31 percent to $107, and occupancy dropped 17 percent to 52 percent for the 39 comparable hotels owned as of March 31, 2021. All Chatham hotels have remained open throughout the pandemic.April RevPAR was $75 on occupancy of 65 percent and ADR of $117Net Income – Improved $30.8 million to net income of $2.7 million from a net loss of $28.1 million in the 2020 first quarter. Net income per diluted share was $0.06 versus net loss per diluted share of $(0.59) for the same period last year. During th [Read more]
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