NYSE$CLDT

Chatham Lodging Trust · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Chatham's Q1 2021 performance reflected a gradual recovery, marked by improved RevPAR and positive cash flow in March, influenced by leisure travel and initial signs of business travel resurgence.

Chatham Lodging Trust announced Q1 2021 results, demonstrating a recovery from the pandemic's impact. The company achieved a net income of $2.7 million, a significant improvement from the previous year. RevPAR declined by 42% to $55, but April RevPAR reached $75. The company also produced positive cash flow after interest expense and corporate overhead in March, signaling a positive trend.

  • Net income improved by $30.8 million to $2.7 million.
  • Portfolio RevPAR decreased 42% to $55 compared to Q1 2020, but April RevPAR was $75.
  • Positive GOP margins of 30% were generated.
  • Positive cash flow was produced after interest expense and corporate overhead in March.

Headline financials

Total Revenue

$32.1M

Previous: $60.2M-46.7%
EPS (adj)

-$0.15

Previous: $0.13-215.4%
Capital Expenditures

-$1.12M

Previous: -$6.11M+81.8%
Free Cash Flow

$1.54M

Previous: -$33.9M+104.5%
Net Income

$2.66M

Previous: -$27.8M+109.6%
Operating Income

-$13.5M

Previous: -$17.7M+23.7%
Gross Profit

$10.1M

Previous: $23.9M-57.5%
Cash & Equivalents

$14.6M

Previous: $58M-74.7%
Total Assets

$1.36B

Previous: $1.47B-7.3%
Stock-Based Comp

$1.16M

Previous: $1.21M-4.1%

Revenue & EPS history

Chatham · Revenue · Quarterly

$32.1M

Q1 2021-46.7%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Due to uncertainty surrounding the impact of the pandemic on the hotel industry, the company is not providing guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.9%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.2%

Avg return

30 days after

48%

30 / 63 earnings

Positive

+12.5%

Q1 2026

Best reaction

-21.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.5%+11.8%
Q4 2025+1.2%+4.5%+5.6%
Q3 2025+1.1%+5.3%+1.7%
Q1 2025+0.3%-0.4%-0.1%
Q4 2024+1.9%+0.5%-10.8%
Q3 2024+6.8%+9.5%+14.1%
Q2 2024-7.7%-9.2%-1.3%
Q1 2024+0.1%-1.6%-4.5%
Q4 2023+0.0%+1.3%-1.5%
Q3 2023+10.1%+5.7%+8.4%
Q2 2023-1.5%+2.0%+3.6%
Q1 2023+0.9%-0.5%-3.0%
Q4 2022-3.9%-7.1%-24.9%
Q3 2022-0.2%+8.3%+8.3%
Q2 2022+6.9%+7.6%-0.6%
Q1 2022-6.3%-13.1%-6.3%
Q4 2021-1.7%-5.8%-3.8%
Q3 2021+3.1%-0.2%-10.1%
Q2 2021-5.8%+0.5%+4.2%
Q1 2021-9.7%-7.3%-6.7%
Q4 2020+2.4%+3.7%+5.1%
Q3 2020+3.4%+12.2%+57.5%
Q2 2020+7.7%+21.8%+39.0%
Q1 2020-21.4%-26.6%+17.6%
Q4 2019-9.3%-8.0%-61.5%
Q3 2019+1.6%+2.1%+1.7%
Q2 2019-7.9%-9.2%-11.9%
Q1 2019+2.3%+3.6%-3.3%
Q4 2018-5.4%-8.2%-10.5%
Q3 2018-0.5%+1.5%+1.5%
Q2 2018+1.7%+0.7%-0.4%
Q1 2018-0.3%+1.9%+9.1%
Q4 2017-14.0%-14.0%-8.8%
Q3 2017+5.1%+5.9%+7.1%
Q2 2017-1.7%-0.7%-1.1%
Q1 2017+0.8%-1.9%+3.5%
Q4 2016-1.0%-1.7%-5.6%
Q3 2016-2.0%-0.4%+9.1%
Q2 2016-11.3%-7.5%-14.3%
Q1 2016+1.2%
Q4 2015+2.4%
Q3 2015-3.9%
Q2 2015-10.5%
Q1 2015-1.6%
Q4 2014-3.9%
Q3 2014-1.6%
Q2 2014+2.4%
Q1 2014+0.7%
Q4 2013+1.7%
Q3 2013+10.8%
Q2 2013+0.6%
Q1 2013-0.7%
Q4 2012-1.5%
Q3 2012+0.2%
Q2 2012+0.4%
Q1 2012+0.2%
Q4 2011+1.2%
Q3 2010-5.0%
Q3 2011-5.0%
Q4 2010-1.9%
Q2 2011-1.9%
Q2 2010-1.9%
Q1 2011-0.4%

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