Chatham Lodging Trust Announces Second Quarter 2020 Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. MRNA
6. SAP
7. CSX
8. LRCX
9. MRK
10. LVS

Go back to Chatham Lodging Trust Announces Second Quarter 2020 Results

Chatham Lodging Trust (CLDT) Tops Q2 EPS by 19c

August 5, 2020 6:53 AM EDT

Chatham Lodging Trust (NYSE: CLDT) reported Q2 EPS of ($0.57), $0.19 better than the analyst estimate of ($0.76).

Second Quarter 2020 Operating Results

Portfolio Revenue per Available Room (RevPAR) Declined 77 percent to $33, compared to the 2019 second quarter. Average daily rate (ADR) decreased 43 percent to $98, and occupancy dropped 59 percent to 34 percent.Net income (loss) Declined $36.7 million to a loss of $(27.2) million for the 2020 second quarter compared to the 2019 second quarter. Net loss per diluted share was $0.57 versus net income per diluted share of $0.20 last year.Adjusted EBITDA Decreased $42.0 million to $(3.3) million.Adjusted FFO Declined $40.1 million to... More