CLDT - Chatham Lodging Trust FFO of $0.43 beats by $0.04 revenue of $84.48M beats by $0.9M

August, 02 2023 06:33 AM Chatham Lodging Trust of Beneficial Interest

2023-08-02 06:33:50 ET

Chatham Lodging Trust press release ( NYSE: CLDT ): Q2 FFO of $0.43 beats by $0.04 .
Revenue of $84.48M (+3.3% Y/Y) beats by $0.9M .
Portfolio Revenue Per Available Room (RevPAR) – Increased 5 percent to $144 compared to 2022 second quarter RevPAR of $138. Average daily rate (ADR) accelerated 2 percent to $182, and occupancy rose 2 percent to 79 percent for the 39 hotels owned as of June 30, 2023.
RevPAR of $144 compares to $146 in 2019. ADR was up 3 percent to 2019.
Due to uncertainty surrounding the hotel industry, the company is not providing guidance at this time.

For further details see:

Company Name:	Chatham Lodging Trust of Beneficial Interest
Stock Symbol:	CLDT
Market:	NYSE
Website:	chathamlodgingtrust.com