NYSE$CLDT
Chatham Lodging Trust · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced results for the fourth quarter ended December 31, 2023.
Chatham Lodging Trust reported a mixed fourth quarter with RevPAR increasing by 2.5% to $121, driven by a 0.5% rise in ADR to $173 and a 2% increase in occupancy to 70%. Despite top-line growth, the company incurred a net loss of $11.0 million, compared to a $4.0 million loss in the same quarter of the previous year. Adjusted EBITDA rose slightly to $20.8 million, while Adjusted FFO was $9.8 million.
- Portfolio RevPAR increased 2.5 percent to $121 compared to the 2022 fourth quarter.
- Net loss was $11.0 million compared to a net loss of $4.0 million in the 2022 fourth quarter.
- Hotel EBITDA Margin was 31.6 percent compared to 33.3 percent in the 2022 fourth quarter.
- Adjusted EBITDA rose $0.4 million from $20.4 million last year to $20.8 million in the 2023 fourth quarter.
Headline financials
Revenue & EPS history
Chatham · Revenue · Quarterly
$72.3M
Forward guidance
The company’s 2024 first quarter guidance reflects the following assumptions: a.Renovations at the following hotels: Four hotels mentioned in the Hotel Investments section of this release b.No additional acquisitions, dispositions, debt or equity issuance
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 Q4 2023
-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
| Quarter | Report date | Reaction (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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