Chesapeake Lodging Trust (CHSP) Reports In-Line Q1 EPS; Offers 2Q EPS Mid-Point Guidance Below Consensus

Chesapeake Lodging Trust (NYSE: CHSP) reported Q1 EPS of $0.11, in-line with the analyst estimate of $0.11. Revenue for the quarter came in at $135 million versus the consensus estimate of $134.4 million.

HIGHLIGHTS

• Comparable RevPAR: 3.5% increase for the 21-hotel portfolio over the same period in 2017.
• Comparable Adjusted Hotel EBITDAre Margin: 90 basis point increase to 27.9% for the 21-hotel portfolio over the same period in 2017.
• Adjusted Hotel EBITDAre: $37.7 million.
• Adjusted Corporate EBITDAre: $32.3 million.
• Net income available to common shareholders: $6.5 million or $0.11 per diluted common share.
• Adjusted FFO: $25.7 million or $0.43 per diluted common share.

GUIDANCE:

Chesapeake Lodging Trust sees FY2018 revenue of $1.06-1.17 million, versus the consensus of $1.12 million.

Chesapeake Lodging Trust sees Q2 2018 revenue of $0.37-0.41 million, versus the consensus of $0.41 million.

For earnings history and earnings-related data on Chesapeake Lodging Trust (CHSP) click here.

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