Published on 6 Oct 2024 on GuruFocus.com · via Yahoo Finance
Chatham Lodging Trust (CLDT) Q2 2024 Earnings Call Highlights: Strong RevPAR...
RevPAR Growth: 4% in Q2 2024, with RevPAR of $151 exceeding 2019 levels.Occupancy Rates: Weekday occupancy at 85% on Monday, 88% on Tuesday, 84% on Wednesday, and 83% on Thursday.GOP Margin: 46% in Q2 2024, at the top of guidance range.Hotel EBITDA: $33.7 million in Q2 2024.Adjusted EBITDA: $31.4 million in Q2 2024.Adjusted FFO: $0.39 per share in Q2 2024.Debt Repayment: $280 million of maturing debt repaid in the past three months.New Acquisition: Acquired Home2 Suites by Hilton Phoenix Downtown for $43.3 million.Net Debt to LTM EBITDA: 4.3 times as of June 30, 2024.Q3 2024 Guidance: RevPAR growth of 0% to 2.5%, adjusted EBITDA of $28.1 million to $30.6 million, adjusted FFO per share of $0.31 to $0.36.
Warning! GuruFocus has detected 3 Warning Signs with CLDT.