NYSE$CLDT

Chatham Lodging Trust · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Operating trends advanced and the company is set to acquire two premium-branded, extended-stay hotels.

Chatham Lodging Trust announced its Q2 2021 results, showing significant improvement in operating trends with a 170% increase in portfolio RevPAR and positive Adjusted FFO for the first time since the pandemic began. The company is also set to acquire two hotels in Austin, Texas.

  • Portfolio Revenue Per Available Room (RevPAR) increased 170 percent to $87, compared to the 2020 second quarter.
  • Generated GOP margins of 43 percent compared to 19 percent in the 2020 second quarter.
  • Produced positive Adjusted EBITDA for the fourth consecutive quarter, generating Adjusted EBITDA of $12.5 million in the 2021 second quarter.
  • Jumped $17.3 million to $4.9 million compared to the 2020 second quarter, the first quarter since the beginning of the pandemic to generate positive Adjusted FFO.

Headline financials

Total Revenue

$50.2M

Previous: $20.2M+149.1%
EPS (adj)

$0.10

Previous: -$0.26+138.5%
Capital Expenditures

-$4.2M

Previous: -$10.4M+59.7%
Free Cash Flow

-$12.8M

Previous: -$37.3M+65.8%
Net Income

-$8.56M

Previous: -$26.8M+68.1%
Operating Income

-$2.39M

Previous: -$18.6M+87.2%
Gross Profit

$21.9M

Previous: $4.43M+393.0%
Cash & Equivalents

$131M

Previous: $36.9M+256.2%
Total Assets

$1.48B

Previous: $1.44B+2.7%
Stock-Based Comp

$1.2M

Previous: $1.14M+4.5%

Revenue & EPS history

Chatham · Revenue · Quarterly

$50.2M

Q2 2021+149.1%vs Q2 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 Q2 2021

Historical avgQ2 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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