CorePoint Lodging (CPLG) Tops Q1 EPS by 37c; Dividend Remains Suspended for FY20

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Go back to CorePoint Lodging (CPLG) Tops Q1 EPS by 37c; Dividend Remains Suspended for FY20

CorePoint Lodging Reports First Quarter 2020 Results

May 20, 2020 4:21 PM EDT

IRVING, Texas, May 20, 2020 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (CorePoint or the Company), a pure play select-service hotel owner strategically focused on the midscale and upper-midscale segments, today reported operational and financial results for the first quarter ended March 31, 2020.

First Quarter 2020 and Subsequent Highlights

Net loss of $21 million, or $0.37 loss per fully diluted share

Comparable RevPAR of $48.20, a decrease of 22.8% from the same period in 2019 with 474 basis points of RevPAR Index market share decline

Adjusted EBITDAre of $10 million

Adjusted FFO attributable... More