NYSE$CLDT

Chatham Lodging Trust · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported significant gains in top markets with GOP margins higher than 2019.

Chatham Lodging Trust announced strong second quarter 2022 results, with a significant increase in RevPAR, a swing to net income, and a substantial jump in Adjusted EBITDA and FFO. The company also successfully sold four non-core assets.

  • Portfolio Revenue Per Available Room (RevPAR) increased 50 percent to $138 compared to the 2021 second quarter.
  • Net income swung from a $8.7 million loss in the 2021 second quarter to net income of $9.3 million in the 2022 second quarter.
  • GOP Margin generated margins for all hotels owned during the quarter of 49.2 percent, up significantly from margins of 43.1 percent in the 2021 second quarter.
  • Adjusted FFO increased significantly from FFO of $4.9 million in the 2021 second quarter to positive adjusted FFO of $20.7 million this year.

Headline financials

Total Revenue

$81.8M

Previous: $50.2M+62.7%
EPS (adj)

$0.41

Previous: $0.10+310.0%
Capital Expenditures

-$9.44M

Previous: -$4.2M-124.6%
Free Cash Flow

-$284K

Previous: -$12.8M+97.8%
Net Income

$9.15M

Previous: -$8.56M+206.9%
Operating Income

$16.3M

Previous: -$2.39M+780.2%
Gross Profit

$40.4M

Previous: $21.9M+84.9%
Cash & Equivalents

$17.8M

Previous: $131M-86.5%
Total Assets

$1.35B

Previous: $1.48B-8.3%
Stock-Based Comp

$1.42M

Previous: $1.2M+18.7%

Revenue & EPS history

Chatham · Revenue · Quarterly

$81.8M

Q2 2022+62.7%vs Q2 2021
Beat estimate in 11 of 14 quarters(79%)
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 Q2 2022

Historical avgQ2 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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