Quarterly ResultMay 7, 2026, 01:08 PM
Chatham Lodging Q1 Net Loss $(6.29)M; Acquires Six Hotels for $92M
AI Summary
Chatham Lodging Trust reported a net loss attributable to common shareholders of $(6.29) million, or $(0.13) per basic share, for the first quarter of 2026, a significant increase from the $(0.45) million loss in the prior year. Total revenue for the quarter slightly decreased to $67.5 million. During the quarter, the company expanded its portfolio by acquiring six hotel properties for $92.0 million and repurchased 904,927 common shares for $6.6 million. Additionally, Chatham Lodging Trust declared a common dividend of $0.10 per share.
Key Highlights
- Acquired a portfolio of six hotel properties for $92.0 million on March 3, 2026.
- Reported Q1 2026 net loss attributable to common shareholders of $(6.29) million, compared to $(0.45) million in Q1 2025.
- Basic loss per common share was $(0.13) for Q1 2026, compared to $(0.01) in Q1 2025.
- Total revenue for Q1 2026 was $67.5 million, down from $68.6 million in Q1 2025.
- Repurchased 904,927 common shares for approximately $6.6 million during Q1 2026.
- Declared a common dividend of $0.10 per share for Q1 2026, up from $0.09 in Q1 2025.
- Net cash provided by operating activities increased to $13.3 million in Q1 2026 from $4.2 million in Q1 2025.
- Total assets increased to $1.24 billion as of March 31, 2026, from $1.17 billion at December 31, 2025.