CLDT - Chatham Lodging Trust AFFO of $0.50 beats by $0.08 revenue of $87.89M beats by $3.42M

• Chatham Lodging Trust press release ( NYSE: CLDT ): Q3 AFFO of $0.50 beats by $0.08 .
• Revenue of $87.89M (+36.7% Y/Y) beats by $3.42M .
• Third quarter 2022 RevPAR of $150 compares to $149 in the 2019 third quarter.
• Generated margins for all hotels owned during the quarter of 50.1 percent, up significantly from margins of 44.7 percent in the 2021 third quarter.
• For the comparable hotels, GOP margins rose a very strong 160 basis points to 50.5 percent compared to 48.9 percent for the 2019 third quarter.
• Adjusted EBITDA experienced a massive jump to $35.1 million from $19.6 million in the 2021 third quarter.
• Due to uncertainty surrounding the hotel industry, the company is not providing guidance at this time.

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