NYSE$CLDT

Chatham Lodging Trust · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Chatham Lodging Trust's Q1 2022 results were announced, showcasing significant RevPAR growth and improved profitability driven by strengthening business travel and strategic asset management.

Chatham Lodging Trust reported a strong first quarter in 2022, marked by a 56% increase in portfolio RevPAR to $88 compared to Q1 2021. The company's Adjusted EBITDA jumped to $13.3 million, and it achieved positive adjusted FFO of $3.5 million, a significant turnaround from the previous year. The results reflect the recovery in business travel and the successful opening of new hotel developments.

  • Portfolio RevPAR increased by 56% to $88 compared to the first quarter of 2021.
  • Adjusted EBITDA jumped to $13.3 million, up from $1.2 million in the same period last year.
  • Positive adjusted FFO of $3.5 million, a significant swing from negative FFO of $7.1 million in Q1 2021.
  • Opened the Home2 Suites by Hilton Woodland Hills Warner Center and acquired the Hilton Garden Inn Destin Miramar Beach.

Headline financials

Total Revenue

$54.9M

Previous: $32.1M+70.9%
EPS (adj)

$0.07

Previous: -$0.15+146.7%
Capital Expenditures

-$4.13M

Previous: -$1.12M-270.5%
Free Cash Flow

-$13.6M

Previous: $1.54M-981.1%
Net Income

-$9.45M

Previous: $2.66M-455.6%
Operating Income

-$3.31M

Previous: -$13.5M+75.5%
Gross Profit

$21.2M

Previous: $10.1M+109.1%
Cash & Equivalents

$18.1M

Previous: $14.6M+24.0%
Total Assets

$1.44B

Previous: $1.36B+5.5%
Stock-Based Comp

$1.29M

Previous: $1.16M+11.9%

Revenue & EPS history

Chatham · Revenue · Quarterly

$54.9M

Q1 2022+70.9%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Due to uncertainty surrounding 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 2022

Historical avgQ1 2022

-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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