NYSE$CLDT

Chatham Lodging Trust · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Chatham Lodging Trust announced strong results driven by strong portfolio performance and recent acquisitions.

Chatham Lodging Trust reported a net loss of $1.4 million, but Adjusted EBITDA nearly quadrupled to $19.6 million compared to the same quarter last year. The company's portfolio RevPAR increased 92% to $107, and it generated $10.0 million in cash flow before capital expenditures.

  • Portfolio Revenue Per Available Room (RevPAR) increased 92 percent to $107 compared to the 2020 third quarter.
  • Net loss lessened $16.9 million to a net loss of $1.4 million from a net loss of $18.3 million in the 2020 third quarter.
  • GOP Margin grew margins a significant 25 percent to a portfolio-wide GOP margin of 45 percent in the 2021 third quarter compared to 36 percent in the 2020 third quarter.
  • Adjusted EBITDA nearly quadrupled Adjusted EBITDA, finishing the quarter at $19.6 million compared to Adjusted EBITDA of $5.1 million in the 2020 third quarter.

Headline financials

Total Revenue

$64.3M

Previous: $35M+83.9%
EPS (adj)

$0.21

Previous: -$0.09+333.3%
Capital Expenditures

-$5.22M

Previous: -$13.9M+62.4%
Free Cash Flow

-$6.54M

Previous: -$32M+79.5%
Net Income

-$1.32M

Previous: -$18.1M+92.7%
Operating Income

$4.44M

Previous: -$10.2M+143.3%
Gross Profit

$28.9M

Previous: $13.1M+120.7%
Cash & Equivalents

$18.6M

Previous: $31.6M-41.1%
Total Assets

$1.43B

Previous: $1.43B-0.2%
Stock-Based Comp

$1.23M

Previous: $1.12M+9.8%

Revenue & EPS history

Chatham · Revenue · Quarterly

$64.3M

Q3 2021+83.9%vs Q3 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 Q3 2021

Historical avgQ3 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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