Chesapeake Lodging Trust Reports Second Quarter Results
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Chesapeake Lodging Trust (CHSP) Misses Q2 EPS by 1c, Revenues Miss; Boosts FY18 EPS Guidance
July 27, 2018 9:03 AM EDTChesapeake Lodging Trust (NYSE: CHSP) reported Q2 EPS of $0.40, $0.01 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $163.3 million versus the consensus estimate of $165.28 million.
HIGHLIGHTS
Comparable RevPAR: 4.7% increase for the 21-hotel portfolio over the same period in 2017.
Comparable Adjusted Hotel EBITDAre Margin: 110 basis point increase to 36.3% for the 21-hotel portfolio over the same period in 2017.
Adjusted Hotel EBITDAre: $59.2 million.
Adjusted Corporate EBITDAre: $54.5 million.
Net income available to common shareholders: $23.8 million or $0.40 per... More
